This content, combined with Internet technology, made the idea a milestone in the development and appearance of web sites, primarily due to the ability to display a lot of useful content and store one's preferred information on a secured server. Marginal Cost: The cost to produce one additional unit of output. Central Dispatching: The organization of the dispatching function into one central location. Examples are a characteristic, a score or grade of product or activity, or groupings of these items, and performance measures. Cost Center: In accounting, a sub-unit in an organization that is responsible for costs. Vessel: A floating structure designed for transport. Also see: Deming Circle. Physical Supply: The movement and storage of raw materials from supply sources to the manufacturing facility. Delta Nu Alpha: A professional association of transportation and traffic practitioners. Transactional Acknowledgement: Specific transaction sets, such as the Purchase Order Acknowledgement (855), that both acknowledges receipt of an order and provides special status information, such as reschedules, price changes, back order situation, etc. RMA: Return Material Authorization. Benefit-Cost Ratio: An analytical tool used in public planning; a ratio of total measurable benefits divided by the initial capital cost. Nationalization: Public ownership, financing, and operation of a business entity. Activity-Based Costing System: A set of activity-based cost accounting models that collectively defines data on an organization's resources, activities, drivers, objects, and measures. Developed by the auto industry, it refers to shipping goods in smaller, more frequent lots. Expert System: A computer program that mimics a human expert. SWOT analysis is useful in developing strategy. eRep enables sales teams to accurately quote faster and sell smarter while accelerating growth with faster sales rep onboarding, enhanced business intelligence, and improved customer experience. Dumping: When a product is sold below cost in a foreign market and/or when a product is sold at a lower price in the foreign market than in a domestic market, with the intention of driving out competition in the foreign market. Wall-to-Wall Inventory: An inventory management technique in which material enters a plant and is processed through the plant into finished goods without ever having entered a formal stock area. Accounts Payable (A/P): The value of goods and services acquired for which payment has not yet been made. * Standardize - establish schedules and methods of performing the cleaning and sorting. Great Lakes Carriers: Water carriers that operate on the five Great Lakes. Continuous Flow Distribution (CFD): The streamlined pull of products in response to customer requirements while minimizing the total costs of distribution. An example would be a power cord for a computer. A cloud-based field service management app, Housecall Pro helps service professionals automate their business processes and workflows to increase efficiency and productivity. Agency Tariff: A rate bureau publication that contains rates for many carriers. A system of optical character reading, scanning, tracking of units by reading a series of printed bars for translation into a numeric or alphanumeric identification code. Local Service Carriers: A classification of air carriers that operate between less-populated areas and major population centers. Roof Fairings: An integrated air deflector mounted on the top of the cab. Inbound Logistics' glossary of transportation, logistics, supply chain, and international trade terms can help you navigate through confusion and get to the meaning behind industry jargon. Purists might also contend that a standard format is one that is approved by a national or international standards organization, as opposed to formats developed by industry groups or companies. Product is manufactured or acquired in response to sales forecasts. Set any strategy you like, no matter how complex, for every single product in your assortment. Customs Invoice: A document that contains a declaration by the seller, the shipper, or the agent as to the value of the shipment. Private Warehousing: The storage of goods in a warehouse owned by the company that has title to the goods. Countervailing Duties: An additional import duty imposed to offset Government subsidies in the exporting country, when the subsidized imports cause material injury to domestic industry in the importing country. Velocity: Rate of product movement through a warehouse. If there's an increase in production sales value with no change in labor costs, productivity has increased while unit cost has decreased. For example, a supply chain flexibility metric is Supplier On-Time Delivery Performance which indicates the percentage of orders that fulfilled on or before the original requested date. Smart IP&O functions as a transparent extension of our customers’ ERP systems of choice, receiving daily transaction data and returning forecasts and inventory policy values to drive replenishment and production planning. Cost Element: In cost accounting, the lowest level component of a resource activity, or cost object. Return Product Authorization (RPA): Also called Return Material or Goods Authorization (RMA or RGA). Price Erosion: What causes old-line executives to break out in a cold sweat? And just what is Poka Yoke, anyway? Request for Information (RFI): A document used to solicit information about vendors, products, and services prior to a formal RFQ/RFP process. A purchase order, when accepted by a supplier, becomes a contract. Supplier Quality Engineering: The costs associated with the determination, development/certification, and monitoring of suppliers' capabilities to fully satisfy the applicable quality and regulatory requirements. Business Continuity Plan (BCP): A contingency plan for sustained operations during periods of high risk, such as labor unrest or natural disaster. POD is also sometimes used to refer to the process of printing materials just prior to shipment (Print on Demand). CRP: See Continuous Replenishment Planning (CRP). MRP-II: See Manufacturing Resource Planning. Outsourced cost-of-goods sold captures the value of all outsourced activities that roll up as cost-of-goods sold. Customer Service Cubage: Cubic volume of space being used or available for shipping or storage. Waybill: Document containing description of goods that are part of common carrier freight shipment. The can-order point is set by considering is set by considering the additional holding cost that would be incurred if the item were ordered early. Returns Inventory Costs: The costs associated with managing inventory returned for any of the following reasons: repair, refurbish, excess, obsolescence, end of life, ecological conformance, and demonstration. Port of Loading : Port where cargo is loaded aboard the vessel. It's the difference between economic profit and capital charge. RFID: Radio Frequency Identification. Transportation Planning Systems: The systems used in optimizing assignments from plants to distribution centers, and from distribution centers to stores. The change management discipline is carried out in a way that minimizes the risk of problems that will affect the operating environment and service delivery to the users. The sales plan is a necessary input to the production planning process (or sales and operations planning process). Cycle Time to Process Obsolete and End-of-Life Product Returns for Disposal: The total time to process goods returned as obsolete and end of life to actual disposal. Also see: Return Material Authorization. Pick-Up Order: A document indicating the authority to pick up cargo or equipment from a specific location. International Standards Organization (ISO): An organization within the United Nations to which all national and other standard-setting bodies (should) defer. A "drop shipment" from several vendors to one buyer. Includes all applicable elements of the Level 2 components material acquisition cost (acquiring materials for repairs), supply chain-related finance and planning costs, and supply chain management cost. 9. Used by carrier for internal record and control, especially during transit. 2) How well a solution to a problem will work when the size of the problem increases. Pick/Pack: Picking and packing immediately into shipment containers. A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z. ABC Analysis: A classification of items in an inventory according to importance defined in terms of criteria such as sales volume and purchase volume. One company can have multiple vendor codes. Hostler: An individual employed to move trucks and trailers within a terminal or warehouse yard area. Life cycle cost is the accumulated costs incurred by a product during these stages. Example: Welch's Foods sells many different products - frozen grape juice concentrate, chilled grape juice, bottled grape juice, and grape jelly. Distribution Requirements Planning (DRP): A system of determining demands for inventory at distribution centers and consolidating demand information in reverse as input to the production and materials system. Path to Profitability (P2P): The step-by-step model to generate earnings. One-Way Networks: The advantages generally lie with either the seller of buyer, but not with both. Maritime Administration (Mar Ad): A U.S. government agency, not actively involved in vessel operation, that administers laws for maintenance of a merchant marine for the purposes of defense and commerce. Barter: The exchange of commodities or services for other commodities or services rather than the purchase of commodities or services with money. Urban Mass Transportation Administration: A U.S. Department of Transportation agency that develops comprehensive mass transport systems for urban areas and for providing financial aid to transit systems. Variable Cost: A cost that fluctuates with the volume or activity level of business. Enveloping: an EDI management software function that groups all documents of the same type, or functioal group, and bound for the same destination into an electronic envelope. This is the opposite of an integrated structure. Forecast: An estimate of future demand. Serial Number: A unique number assigned for identification to a single piece that will never be repeated for similar pieces. Installation Planning: This includes costs associated with installation engineering, scheduling and modification, handling cancellations, and planning the installation. Usually required by the buyer in order to obtain an import permit or letter of credit. Capacity: The physical facilities, personnel, and processes available to meet the product or service needs of customers. After-Sale Service: Services provided to the customer after products have been delivered. Trailer: The part of the truck that carries the goods. Run your home service business more smoothly with Housecall Pro. Logistics: The process of planning, implementing, and controlling procedures for the efficient and effective storage of goods, services, and related information from the point of origin to the point of consumption for the purpose of conforming to customer requirements. It includes all activities related to physical distribution, as well as the return of goods to the manufacturer. Binder: A strip of cardboard, thin wood, burlap, or similar material placed between layers of containers to hold a stack together. Certified Supplier: A status awarded to a supplier who consistently meets predetermined quality, cost, delivery, financial, and count objectives. Synonym: Decision-Support Data. CPI: See Continuous Process Improvement (CPI). The committee develops and maintains US generic standards (X12) for Electronic Data Interchange. Interstate Commerce: The transportation of persons or property between states; in the course of the movement, the shipment crosses a state boundary. Field Finished Goods: Inventory which is kept at locations outside the four walls of the manufacturing plant (i.e., distribution center or warehouse). Equip your business. Total employment is total employment for the entity being surveyed. Deal with your contacts, drives, notes, logbook, to-do's and that's only the tip of the iceberg, all from one straightforward web application. Yield: The ratio of usable output from a process to its input. Business Process Reengineering (BPR): The fundamental rethinking and radical redesign of business processes to achieve dramatic organizational improvements. Activity-Based Costing (ABC): A methodology that measures the cost and performance of cost objects, activities, and resources. For-Hire Carrier: A carrier that provides transportation service to the public on a fee basis. Channel Obsolescence: Aging allowances paid to channel partners, provisions for buy-back agreements, etc. We make it easy for customers to find, buy, deploy and manage software solutions, including SaaS, in a matter of minutes. Unlike the older hypertext markup language (HTML) which provides data tags that give instructions to a web browser on how to display information, XML tags give instructions to a browser or to application software which help to define specifics about the category of information. Horizontal Play/Horizontal Hub: This is a term for a function that cuts across many industries and usually defines a facility or organization that is providing a common service. Make-or-Buy Decision: The act of deciding whether to produce an item internally or buy it from an outside supplier. Backorders are usually caused by stock shortages. Calculation: To convert from working days to calendar days: if work week = 4 days, multiply by 1.75; = 5 days, multiply by 1.4; = 6 days, multiply by 1.17. Fully Allocated Cost: The variable cost associated with a particular output unit plus a common cost allocation. You can browse through, read, and edit data stored in those services through a user-friendly graphical interface. Demand Chain Management: The same as supply chain management, but with an emphasis on consumer pull versus supplier push. Best in Class: An organization, usually within a specific industry, recognized for excellence in a specific process area. These apps can be deployed within a web portal for use by internal or external staff, including partners, resellers, suppliers or customers. Upon receipt of documentation, the bank is either paid by the buyer or takes title to the goods themselves and proceeds to transfer funds to the seller. Also called operating profit. GTIN is the globally-unique EAN.UCC System identification number, or key, used for trade items (products and services). Note - inventory-carrying costs are normally covered in a separate worksheet. Physical Distribution: The movement and storage of finished goods from manufacturing plants to warehouses to customers; used synonymously with business logistics. A manifest usually covers an entire load regardless of whether the load is to be delivered to a single destination or many destinations. First Mover Advantage: Market innovator, putting the company in the leadership position. Container Chassis: A vehicle built for the purpose of transporting a container so that, when a container and chassis are assembled, the produced unit serves as a road trailer. Odoo is an all-in-one software solution designed to meet the needs of companies, regardless of their size (or budget). Postponement: The delay of final activities (i.e., assembly, production, packaging, etc.) The Motor Carrier Act of 1980 and the Staggers Act of 1980 revised the economic controls over motor carriers and railroads, and the Airline Deregulation Act of 1978 eliminated economic controls over air carriers. Motor Carrier: An enterprise that offers service via motor carriage. The change in total variable cost resulting from a one-unit change in output. It's calculated by dividing the total cost by the measured volume. It can include elimination of compounds that are hazardous to the environment. The plan-do-check-act cycle is sometimes referred to as the Shewhart cycle (Walter A. Shewhart discussed the concept in his book Statistical Method from the Viewpoint of Quality Control) and as the Deming circle (W. Edwards Deming introduced the concept in Japan; the Japanese subsequently called it the Deming circle). Commodities that they produced, mined, owned, or neglect that either a... 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Documentation is used to transport general commodities, or project that incoming inspection can be deployed with easa industry...

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