Interline: Two or more motor carriers working together to haul a shipment to a destination. Co-packers are more frequently seen in consumer packaged goods and foods. Output from these systems is integrated with financial reports, such as business plan, purchase commitment report, shipping budget, and inventory projections in dollars. Drayage Firms: Motor carriers that provide local pickup and delivery of trailers and containers (on chassis). Loading Allowance: A reduced rate that carriers offer to shippers and/or consignees who load and/or unload LTL or Any Quantity shipments. Import: Movement of products from one country into another. Synonym: World Wide Web. Pick/Pack: Picking and packing immediately into shipment containers. However, it is possible to take one’s own boat through Horseshoe Bend by utilizing what’s known as a backhaul service. Country of Destination: The country that will be the ultimate or final destination for goods. Synonym: Scorecard. Outsource: To utilize a third party provider to perform services previously performed in house. Aggregate Tender Rate: A reduced rate offered to a shipper who tenders two or more class-related shipments at one time and one place. Virtual Factory: A changed transformation process most frequently found under the virtual corporation. Total Cost Curve: 1) In cost-volume-profit (break-even) analysis, the total cost curve is composed of total fixed and variable costs per unit multiplied by the number of units provided. 3. Enterprise Application Integration (EAI): A computer term for the tools and techniques used in linking ERP and other enterprise systems together. Synonym: Vision Statement. Consignment Inventory: (1) Goods or products that are paid for when they are sold by the reseller, not at the time they are shipped to the reseller. Form 20-F filed by Telesat Canada with the security and exchange commission. Unit Load Device (ULD): Refers to airfreight containers and pallets. Value Chain Analysis: A method of identifying all the elements in the linkage of activities a firm relies on the secure the necessary materials and services starting from their point of origin to manufacture, and to distribution of their products and services to an end user. Tenemos algunas fotos, ebavisen ikya asr llama a las acciones de las niñas por una cierta historia islámica, salimos de una categoría con nombre, tenemos algunas fotos, eile lover ama a los jóvenes chwanz en otze y rsch und jede eutschsex sin ornofilme auf de u around um die zugreifen kanst, las fotos de liaa agdy lmahdy se han convertido en gitanas. A basic van trailer is 53’ feet long, though 48’ trailers are not uncommon and frequently used in local and LTL deliveries. Picking: The operations involved in pulling products from storage areas to complete a customer order. Tasks: The breakdown of the work in an activity into smaller elements. The identification standards define the construction of globally-unique and unambiguous numbers. Warehouse Management - Finished goods, receiving and stocking, pick/pack. Demand Supply Balancing: The process of identifying and measuring the gaps and imbalances between demand and resources in order to determine how to best resolve the variances through marketing, pricing, packaging, warehousing, outsource plans, or some other action that will optimize service, flexibility, costs, assets, (or other supply chain inconsistencies) in an iterative and collaborative environment. Installation Planning: This includes costs associated with installation engineering, scheduling and modification, handling cancellations, and planning the installation. Private fleets typically perform distribution or service functions. Shop Floor Production Control Systems: The systems that assign priority to each shop order, maintaining work-in-process quantity information, providing actual output data for capacity control purposes, and providing quantity by location by shop order for work-in-process inventory and accounting purposes. Carnet: A Customs document permitting the holder to carry or send special categories of goods temporarily into certain foreign countries without paying duties or posting bonds. Usually, a distributor will demand a refund on material that goes bad (shelf life) or is no longer needed because of changing needs. The driving compartment, engine and trailer are one unit. Attributes: A label used to provide additional classification or information about a resource, activity, or cost object. Measurement Ton: Forty cubic feet; used in water transportation ratemaking. Consular Declaration: A formal statement made to the consul of a country describing merchandise to be shipped to that consul's country. ABM: See Activity-Based Management (ABM). Truckload Carriers (TL): Trucking companies which move full truckloads of freight directly from the point of origin to destination. The consignee is not necessarily the freight owner. Joint Cost: A common cost in cases where a company produces products in fixed proportions and the cost the company incurs to produce one product entails producing another; the backhaul is an example. General Order (GO): A customs term referring to a warehouse where merchandise not entered within five working days after the carrier's arrival is stored at the risk and expense of the importer. Wharfage: A charge assessed by a pier or dock owner against the cargo or a steamship company for use of the pier or dock for the handling of incoming or outgoing cargo. Permit: A grant of authority to operate as a contract carrier. Spam: A computer industry term referring to the act of sending identical and irrelevant postings to many different newsgroups or mailing lists. Third-party logistics —(abbreviated 3PL) describes businesses that provide one or many of a variety of logistics-related services. This should be based on your company's own cost of capital standards using the following formula. Target costing is a method used in the analysis of product design that involves estimated a target cost, then designing the product/service to meet that cost. Alternatively, you can read Commoot’s handy guide to logistics and supply chain terminology. Two Mexican and two Canadian railroads would also qualify, if they were US companies. Logistics management activities typically include inbound and outbound transportation management, fleet management, warehousing, materials handling, order fulfillment, logistics network design, inventory management, supply/demand planning and management of third party logistics services providers. Also see: Forecast. Your company may ship to the customer, or a third party may handle shipment, but in either case, your company owns the sales contract and retains rights to the receivable from the customer. Receipt of an order initiates assembly of the customized product. A backhaul shipment generally cost less to secure as it is the preferred shipment for most carriers. A loss of value occasioned by new developments that place the oldeer property at a competitive disadvantage. They then act as a shipper, tendering the containers to ocean common carriers. Refers to a carrier’s ability to transport specific freight. Highway Trust Fund: A fund into which highway users (carriers and automobile operators) pay; the fund pays for federal government's highway construction share. A business, service or individual who is paid to load and unload freight. Coastal Carriers: Water carriers that provide service along coasts serving ports on the Atlantic or Pacific Oceans or on the Gulf of Mexico. Raw Materials (RM): Crude or processed material that can be converted by manufacturing, processing, or a combination thereof into a new and useful product. FOB Origin: Title passes at origin, and buyer has total responsibility over the goods while in shipment. Information: The data, plus the interpretation necessary to understand it. Sourcing/Material Acquisition - Material requisitions, purchasing, supplier quality engineering, inbound freight management, receiving, incoming inspection, component engineering, tooling acquisition, accounts payable. FMCSA (Federal Motor Carrier Safety Administration). Final Assembly: The highest level assembled product, as it is shipped to customers. For example, when the CSR presents a camera case and accessories to a customer that is ordering a camera. This is the opposite of an integrated structure. Freight Carriers: Companies that haul freight, also called "for-hire" carriers. International Import Certificate: A document required by the importing country indicating that the importing country recognizes that a controlled shipment is entering their country. Traditionally, the supply chain was pushed; manufacturers produced goods and pushed them through the supply chain and the customer had no control. All-Cargo Carrier: An air carrier that transports cargo only. Supplier-Owned Inventory: A variant of Vendor-Managed Inventory and Consignment Inventory. ISO: See International Standards Organization (ISO). Order Entry and Maintenance: This includes costs associated with maintaining the customer database, credit check, accepting new orders, and adding them to the order system, as well as later order modifications. (2) The process of a supplier placing goods at a customer location without receiving payment until after the goods are used or sold. 1) Typically refers to inventory turnover Consumer-Centric Database: Database with information about a retailer's individual consumers used primarily for marketing and promotion. Minimum Weight: The shipment weight the carrier's tariff specifies as the minimum weight required to use the TL or CL rate; the rate discount volume. Joint Rate: A rate over a route that requires two or more carriers to transport the shipment. It consists of a variety of processes, each linked together: business planning, production planning (sales and operations planning), master production scheduling, material requirements planning, capacity requirements planning, and the execution support systems for capacity and material. Replenishment: The process of moving or resupplying inventory from a reserve (or upstream) storage location or facility to a primary (or downstream) storage or picking location, or to another mode of storage in which picking is performed. Finished Goods Inventory (FG or FGI): Products completely manufactured, packaged, stored, and ready for distribution. CSCMP: See Council of Supply Chain Management Professionals (CSCMP). APS describes any computer program that uses advanced mathmatical algorithms or logic to perform optimization or simulation on finite capacity scheduling, sourcing, capital planning, resource planning, forecasting, demand management, and others. Standard Components: Components (parts) of a product for which there is an abundance of suppliers. Approval must be obtained prior to shipment. S&OP: See Sales and Operations Planning. Insurance: A system of protection against loss under which a number of parties agree to pay certain sums (premiums) for a guarantee that they will be compensated under certain conditions for specified loss and damage. Comprehension of logistics terminology improves overall efficiency and ensures clear communication across a range of different channels, platforms and individuals. Freight Forwarders Institute: The freight forwarder industry association. The weight of a freight shipment without any packaging or pallets. Fixed Overhead: Traditionally, all manufacturing costs, other than direct labor and direct materials, that continue even if products are not produced. * Metrics that are aligned to strategy, and linked to the shop floor or line-level workers. Backorders are usually caused by stock shortages. SCEM: *See Supply Chain Event Management (SCEM). Final Destination: The last stopping point for a shipment. Activities may include "technically" examining orders to ensure an orderable configuration and provide accurate price, checking the customer's credit and accepting payment (optionally), identifying and reserving inventory (both on hand and scheduled), and committing and scheduling a delivery date. It is order quantity times unit cost. Audit: In reference to freight bills, the term audit is used to determine the accuracy of freight bills. Customer-related activity levels may include customer, market, channel, and project levels. Free online Word to HTML converter with code cleaning features and easy switch between the visual and source editors. Oftentimes, blanket orders cover only one item with predetermined delivery dates. It has a five-level coding structure (segment, family, class, commodity, business function) for nearly 9,000 products. The size and scope of the logistics, supply chain, and freight transportation industries are truly staggering. In the UK, the concept is converted to the 5-C program comprising five comparable components: clear out, configure, clean and check, conformity, and custom and practice. Shrinkage: The costs associated with breakage, pilferage, and deterioration of inventories. Conveyor: A materials handling device that moves freight from one warehouse area to another. Downstream: One or more companies or individuals who participate in the flow of goods and services moving from the manufacturer to the final user or consumer. These costs consist of the following: Exasperated by XML? Material Acquisition Costs: One of the elements comprising a company's total supply chain management costs. Also see: Outsource. Also see: Return Product Authorization. Diversion: The process of changing the destination and/or the consignee while the shipment is enroute. 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. Initially thought of as a home base-type of web page, portals attempt to provide all Internet needs in one location. Activity ratios include inventory turnover, receivables conversion period, fixed-asset turnover, and return on assets. If the pro-forma is accepted, then the terms and conditions of the pro-forma may become the request. On-Demand: Pertaining to work performed when demand is present. 2. If the stock were held at the configuration component level, the company would have nine SKUs. Negotiable BOL: Provides for the delivery of goods to a named enterprise or to their order (anyone they may designate), but only upon surrender of proper endorsement and the bill of lading to the carrier or the carrier's agents. Customer Profitability: The practice of placing a value on the profit generated by business done with a particular customer. Pick to Light: A laser identifies the bin for the next item in the rack; when the picker completes the pick, the bar code is scanned and the system then points the laser at the next bin. These carriers feed passengers into the major cities to connect with major carriers. Self-employed commercial truck driver or a small business owner that operates tractor-trailers for the transporting of freight shipments. Promotion: The act of selling a product at a reduced price, or a buy one/get one free offer, for the purpose of increasing sales. Tactical Planning: The process of developing a set of tactical plants (e.g., production plan, sales plan, marketing plan, and so on). Harmonized Commodity Description & Coding System (Harmonized Code): An international classification system that assigns identification numbers to specific products. Interstate Commerce Commission (ICC): An independent regulatory agency that implements federal economic regulations controlling railroads, motor carriers, pipelines, domestic water carriers, domestic surface freight forwarders, and brokers. Accuracy is different from precision. Activity-Based Costing (ABC): A methodology that measures the cost and performance of cost objects, activities, and resources. E-commerce initiatives. Calculation: [Order Management Costs + Material Acquisition Costs + Inventory Carrying Costs + Supply-Chain Related Finance and Planning Costs + Total Supply Chain-Related IT Costs]/[Total Product Revenue] Operating Ratio: A measure of operating efficiency defined as Operating expenses divided by the Operating revenues x 100. Plan/Source/Make/Deliver - Interfaces, gateways, and data repositories created and maintained to exchange supply chain-related information with the outside world. FIPS: Federal Information Processing Standards. Competitive Benchmarking: Benchmarking a product or service against competitors. The web term "hub" was replaced with portal. Whether it'll stand the test of time who knows (let's face it WEP and friends certainly didn't), but the same logic could be applied to the WiFi network your router is creating. About Inbound Logistics | Contact Us | Advertising Opportunities | Editorial Submissions | Order Reprints | Glossary | Privacy Policy | Terms and Conditions | Get the App! Also known as a straight bill of lading. Full-time Connection: A communication link between two (or more) entities which is normally maintained continuously. The definition is important for EDI service operators who must interpret invoices and other documents. (2) A term used to describe the process of making (usually) significant and major revisions or modifications to business processes. Batch Picking: A method of picking orders in which order requirements are aggregated by product across orders to reduce movement to and from product locations. Trailer: The part of the truck that carries the goods. Port of Discharge: Port where vessel is off loaded. . Link: The transportation method a company uses to connect nodes (plants, warehouses) in a logistics system. Customer Segmentation: Dividing customers into groups based on specific criteria, such as products purchased, customer geographic location, etc. COTD: See Complete and On-Time Delivery (COTD). Distributed Inventory: Inventory that is geographically dispersed. Demographic Segmentation: In marketing, dividing potential markets by characteristics of potential customers, such as age, sex, income, and education. * A process and culture that drives performance and accountability to deliver performance against key performance indicators. This strategy is useful where a large number of end products (based on the selection of options and accessories) can be assembled from common components. The goal is to reduce quality loss by reducing the variability of a product's characteristics during the parameter phase of product development. Private Label: Products that are designed, produced, controlled by, and which carry the name of the store or a name owned by the store; also known as a store brand or dealer brand. The request for the change can be from a customer or from production, quality control, another department, or a supplier. How many times a year the average inventory for a firm changes over or is sold. Blanket Rate: A rate that does not increase according to the distance a commodity is shipped. Also called Direct-to-Store Delivery. A complete order has all items on the order delivered in the quantities requested. Computer-Aided Engineering (CAE): The use of computers to model design options to stimulate their performance. CSR: See Customer Service Representative (CSR). GATT: See General Agreement on Tariffs and Trade (GATT). Inventory Velocity: The speed at which inventory moves through a defined cycle (i.e., from receiving to shipping). Metrics dashboards/scorecards should be easy to read and usually have red, yellow, green indicators to flag when the company is not meeting its metrics targets. Entry Form: The document that must be filed with Customs to obtain the release of imported goods and to allow collection of duties and statistics. Also, quality has two major components: These processes include the manufacturing control process of input-output (capacity) measurement, detailed scheduling and dispatching, as well as anticipated delay reports from both the plant and suppliers, supplier scheduling, and so on. Buffer Stock: A quantity of goods or articles kept in storage to safeguard against unforeseen shortages or demands. The consignee does not pay the freight charge if the cargo does not arrive at the destination. Also see: Scorecard. IMO: See International Maritime Organization (IMO). will be available at the right time and place to meet logistics and supply chain needs. Weight Unit Qualifier: The unit of measure that the user wants to see for weight. The loss may be caused by scrap, theft, deterioration, evaporation, etc. Air Waybill (AWB): A bill of lading for air transport that serves as a receipt for the shipper, indicates that the carrier has accepted the goods listed, obligates the carrier to carry the consignment to the airport of destination according to specified conditions. 7. For example, assume demand is 10,000 units per month, or 500 units per day, and planned available capacity is 420 minutes per day. Vessel Manifest: A list of all cargoes on a vessel. Transferring money between accounts and paying for purchases are electronic commerce applications. Usually pertains to the loss of material through handling damage, theft, or neglect. Inventory In Transit: Inventory in a carrier's possession, being transported to the buyer. Portals commonly provide services such as e-mail, online chat forums, shopping, searching, content, and news feeds. 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. There are many shapes and sizes of containers. Channel Obsolescence: Aging allowances paid to channel partners, provisions for buy-back agreements, etc. Companies also benchmark internally by tracking and comparing current performance with past performance. Document: In EDI, a form, such as an invoice or purchase order, that trading partners have agreed to exchange and that the EDI software handles within its compliance-checking logic. Audit Trail: Manual or computerized tracing of the transactions affecting the contents or origin or a record. Changeover: Process of making necessary adjustments to change or switchover the type of products produced on a manufacturing line. Tariff: A tax assessed by a government on goods entering or leaving a country. ANSI is the US representative to the International Standards Organization (ISO). Deadhead: The return of an empty transportation container to its point of origin. 80/20 Rule: A term referring to the Pareto principle. 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. SWOT Analysis: An analysis of the strengths, weaknesses, opportunities, and threats of and to an organization. Operating Differential Subsidy (ODS): A payment to an American-flag carrier by the U.S. government to offset the difference in operating costs between U.S. and foreign vessels. Subhauler: A subhauler drives a tractor under contract for a company. Profit Before Interest and Tax (PBIT): The financial profit generated prior to the deduction of taxes and interest due on loans. Also see: Visibility. A core competency could be the capability of a firm to coordinate and harmonize diverse production skills and multiple technologies. Also called operating profit. Also see: EPC. GTIN: Global Tracking Identification Number or Global Trade Item Number. It works perfectly for any document conversion, like Microsoft Word EAI: See Enterprise Application Integration (EAI). Automated Broker Interface (ABI): The U.S. Customs program to automate the flow of customs-related information among customs brokers, importers, and carriers. Analogous to usage of the term in data processing in which a transaction can be an inquiry or a range of updates and trading transactions. Push Ordering System: A situation in which a firm makes inventory deployment decisions at the central distribution center and ships to its individual warehouses accordingly. It includes packaging, marking, weighing, and loading for shipment. First In First Out (FIFO): In inventory control and financial accounting, this refers to the practice of using stock from inventory on the basis of what was received first and is consumed first. The base station contains a transmitter and receiver for communication with the terminal. Dunnage: The packing material used to protect a product from damage during transport. Planned Date: The date an operation such as a receipt, shipment, or delivery of an order is planned to occur. 2) A seller with whom the buyer does business, as opposed to vendor, which is a generic term referring to all sellers in the marketplace. Marks and Numbers: Marks and numbers placed on goods used to identify a shipment or parts of a shipment. third-party logistics (3PL) company. Manufacturing Lead Time: The total time required to manufacture an item, exclusive of lower-level purchasing lead time. Title passes to the buyer when the seller has secured a clean dock or ship's receipt of goods. Configure/Package to Order: A process where the trigger to begin to manufacture, final assembly, or packaging of a product is an actual customer order or release rather than a market forecast. Excludes interest on debt, domestic or foreign income taxes, depreciation and amortization, extraordinary items, equity gains or losses, gain or loss from discontinued operations and extraordinary items. Best practices may vary by industry or geography depending on the environment being used. It includes all activities related to physical distribution, as well as the return of goods to the manufacturer. It usually has an anticipated duration, anticipated cost, and expected resource requirements. Picking by Aisle: A method by which pickers pick all needed items in an aisle regardless of the items' ultimate destination; the items must be sorted later.