CHICAGO: The Association for Operations Management (APICS) has released the 13th edition of its dictionary, which contains terminology and emerging definitions in operations and supply chain management.
First published in 1963, the APICS Dictionary aims to provide a one-stop shop for operations and supply chain management professionals to find terms and definitions in their field, the association said. Each edition also introduces new and emerging terminology.
“By using common terminology, operations and supply chain management professionals can ensure efficiency and understanding, whether they’re communicating with colleagues down the street or across the globe,” said APICS CEO Abe Eshkenazi.
The new edition contains more than 300 new terms and definitions, including “triple bottom line,” “dynamic kanban,” and “strategic variables.”
APICS members receive a complimentary copy of each edition of the APICS Dictionary. For the first time, the association is offering the 13th edition as an electronic download, as well as the print version.