1.consumer products消 费 品，也 可 以 说 成“consumption goods；articles of consumption；consumables”等。

2.excess inventory过量库存，积压商品（积压商品的形成，不仅与产品自身的品质、性能、流行、质量、价格有关，而且与生产厂家、商家的营销策略、销售方式有着密切的关系。）

3.integrated supply chain集成供应链

4.product portfolio:product line，produce range产品组合，产品系列（指互相关联或相似的产品，是按照一定的分类标准对企业生产经营的全部产品进行划分的结果。一个产品系列内往往包括多个产品项目。产品系列的划分标准有产品功能、消费上的连带性、面向的顾客群、分销渠道、价格范围等。）

5.incremental approach增量法

6.logistics:it is the management of the flow of goods between the point of origin and the point of consumption in order to meet some requirements，of customers or corporations.The resources managed in logistics can include physical items，such as food，materials，animals，equipment and liquids，as well as abstract items，such as time，information，particles，and energy.The logistics of physical items usually involves the integration of information flow，material handling，production，packaging，inventory，transportation，warehousing，and often security.The complexity of logistics can be modeled，analyzed，visualized，and optimized by dedicated simulation software.The minimization of the use of resources is a common motivation in logistics for import and export.物流，物流学

7.iconic brands标志性品牌

8.SKUs:the abbreviated form of Stock-keeping Units库存单位（In the field of inventory management，a stock keeping unit or SKU is a distinct item for sale，such as a product or service，and all attributes associated with the item that distinguish it from other items.For a product，these attributes include，but are not limited to，manufacturer，product description，material，size，color，packaging，and warranty terms.When a business takes an inventory，it counts the quantity of each SKU.SKU can also refer to a unique or code that refers to the particular stock keeping unit.These codes are not regulated nor standardized.When one company receives items from another vendor，it has a choice of maintaining the vendor's SKU or creating its own.Other entity tracking methods，with varying regulations，are Universal Product Code（UPC），International Article Number（IAN），Global Trade Item Number（GTIN），and Australian Product Number（APN）.

9.basis points基准点，基点（期票利率和债券收益变动的计量单位，一基点等于0.01%）A basis point（often denoted as bp，often pronounced as“bip”or“beep”）is a unit equal to one hundredth of a percentage point.Basis points are used as a convenient unit of measurement in contexts where percentage differences of less than 1% are discussed.The most common example is interest rates，where differences in interest rates of less than 1% per year are usually meaningful to talk about.For example，a difference of 0.10 percentage points is equivalent to a change of 10 basis points（e.g.，a 4.67% rate increases by 10 basis points to 4.77%）.In other words，an increase of 100 basis points means a rise by 1%.

10.cash conversion cycle资金周转周期In management accounting，the cash conversion cycle（CCC）measures how long a firm will be deprived of cash if it increases its investment in resources in order to expand customer sales.It is thus a measure of the liquidity risk entailed by growth.

11.phased approach阶段性办法，循序渐进的方式

12.inflection points:inflexion point；turning point；flex point；point of inflection拐点，转折点

13.restructuring costs重组费用，改制成本

14.plant capacity工厂生产能力，产能