Please search the abbreviations by using the alphabet links above.

The purpose of this tool is to list and define abbreviations used within the supply chain, logistics and Enterprise Resource Planning (ERP) areas. Please Email any terms that you think are missing or where the definition is incorrect. All suggestions will be credited. This work is copyrighted. 

 

FAS

Free Alongside - price includes delivery of goods alongside the ship.

 

FCL

Full Container Load (Thanks to Felipe Barousse Boué, piensa.com)

 

FCP

Finite Capacity Planning

 

Also Freight Carriage Paid

 

FCS

Finite Capacity Scheduler

 

FCI

Freight Carriage and Insurance

 

FDA

Food and Drug Administration - Regulatory body which regulates food and drugs in the areas of ingredients, labeling, manufacturing and nutrition.

 

FEFO

First Expired First Out. Also First Ended First Out - in a process / production line, the first item finished is the first to come out (Thanks to Felipe Barousse Boué, piensa.com)

 

FFA

Field Force Automation - CRM term for delivering tools and content to field based sales and service staff.

 

FFS

Finite Forward Scheduling - finite capacity scheduling as opposed to infinite capacity MRP

 

FGP

Factory Gate Pricing - driven by the large grocery chains, is where the retailers collect products, literally,  from the supplier's factory gate thus utilizing an empty vehicle returning to the distribution centre after visiting a store. This has implications on the efficiency of the retailers' supply chain and the margins of the supplier.

 

FI

Finance and Financials - SAP module name (Also FIN).

 

FI/CO

Financials, Controlling - commonly these two SAP modules tend to be talked about together. They are both SAP module names. Wags nickname SAP Consultants who have the accounting skills in these two SAP modules as 'Thickos' ('FICOs').

 

FIFO

First In First Out - a method of valuing stock which assumes that the stock withdrawn is the oldest, so deducting that price from the value of the stock remaining. As opposed to LIFO Last In First Out.

 

FLT

Fork Lift Truck

 

FMCG

Fast Moving Consumer Goods - Cadburys, for example 

 

FMEA

Failure Mode Effect Analysis - A systematic approach to the analyzing product failure and its associated risk.

 

FMS

Flexible Manufacturing System - an approach to manufacturing (usually automated) which allows production to be switched rapidly from one product to another.

 

FOB

Free On Board - the expression comes from the fact that goods sold "F.O.B. a certain location" will be loaded on board a freight train, ship or truck at that point at the expense of the seller. From that point, the buyer must pay all freight and deliver charges.

 

FOC

Free Of Charge

 

FOI

Fax Of Intent (Thanks to Stephen Butler)

 

FOR

Free On Rail

 

FOQ

Fixed Order Quantity (also FOS - Fixed Order Size) - when stock falls below a certain level a replenishment policy, for example, is activated to order a fixed order quantity.

 

FOT

Free On Truck

 

FPO

Firm Planned Order - an order that cannot be changed by MRP during the replanning process.

 

FRM

Floor Ready Merchandise - Goods shipped by suppliers to retailers with all necessary tags, prices, security devices, etc. already attached, so goods can be cross docked rapidly through retail Distribution Centres (DC)s, or received directly at stores.

 

FS

Financial Services

 

FSR

Field Stock Room - small field based store for quick response logistics.

 

FTA

Freight Transport Association.

 

Also Free Trade Agreement (Thanks to Felipe Barousse Boué, piensa.com)

 

FTL

Full Truck Load - a freight shipment that fills a whole truck as a opposed to a Less Than Load (LTL).

 

FTP

File Transfer Protocol - used to move files from one computer to another.

 

FTZ

Foreign Trade Zone

 

FYI

For Your Information

 

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