WERC-ipedia

April 1st, 2008

By now, pretty much all internet users have used or been directed to Wikipedia - the on-line encyclopedia that grows by having users submit additions to its volumes.  In fact, your children are propably using it to research essays they submit to school, much to the chagrin of teachers who would like to see, now and then, a student use a library!

Well, the Warehouse Education & Research Council have launched a supply chain specific tool called WERC-ipedia.  It a fun and handy tool that grows when you the user contributes a word and definition.  Administrators at WERC vet each submission for accuracy and clarity before publishing it on-line; so you can rest assured that the definitions are correct.

To test it out, I went through the section on Incoterms which can be confusing for many people.  These are concepts that we all have to grapple with as supply chains become increasingly international and the drive to reduce costs push us to put every single cost item under the microscope.  Sure, CIF terms might have the least number of hassles, but there may be savings to switch to CFR.  And if you didn’t understand that last sentence, you need WERC-ipedia!

Entry Filed under: General