Financial Order Amount (EOQ): A listing model that establishes just how much to buy by deciding the amount which will fulfill customer care degrees whilst reducing total buying and holding expenses.
Freight Quotation: A quotation from the provider or forwarder masking the cost of transportation concerning two specified areas.
Civil Aeronautics Board: A federal regulatory company that applied economic regulatory controls above air carriers.
Barter: The Trade of commodities or expert services for other commodities or products and services as opposed to the purchase of commodities or companies with revenue.
Available to Assure (ATP): The uncommitted portion of a business's stock and planned output maintained while in the learn program to guidance purchaser-order promising. The ATP amount could be the uncommitted inventory stability in the initial interval and is Typically calculated for each period where an MPS receipt is scheduled.
Drop Ship: To go ahead and take title from the products although not in fact handle, stock, or deliver it, e.g., to have a person supplier ship straight to A further or to have a supplier ship directly to the client's buyer.
Anti-Dumping Duty: A further import duty imposed in instances the place imported items are priced at under the "normal" price billed within the exporter's domestic current market and trigger product damage to domestic business inside the importing place
Typical Carrier: Transportation available to the general public that doesn't present Particular remedy to any one occasion and is regulated as to your premiums charged, the legal responsibility you could check here assumed, along with the company delivered.
Prolonged Business: The Idea that offer chain partners form a larger entity which will work jointly as though it were one unit.
Demand from customers Sign: Bonuses A signal from a shopper, purchaser or employing Procedure that triggers the issue of item or Uncooked content.
Certificate of Insurance coverage: A negotiable document indicating that coverage continues to be secured underneath an open plan to address reduction or damage to a cargo when in transit.
Accounts Payable (A/P): The value of goods and products and services acquired for which payment hasn't however been created.
Auditing: Deciding the proper transportation costs owing the provider; auditing includes examining the freight Monthly bill for errors, suitable fee, and excess weight.
ABC Process: In Expense management, a program that maintains financial and operating info on a corporation's resources, actions, motorists, objects and measures. ABC Designs are established and managed within just This method.