Detention: The carrier costs and costs used when rail freight automobiles and ships are retained past a specified loading or unloading time. Also see: Demurrage, Convey
Action Concept: An alert that an MRP or DRP program generates to inform the controller of the condition requiring her or his interest.
Its standing could transform Later on, but not less than for now, quick pricing is a little bit of a two-edged sword for ocean carriers.
Cycle Stock: A list system in which counts are carried out continuously, often getting rid of the need for an yearly All round stock.
Enterprise Application Integration (EAI): A pc time period for the applications and methods Utilized in linking ERP and also other company systems alongside one another. Linking techniques is vital for e-business enterprise. Gartner says "companies utilizing business purposes invest no less than thirty% on issue-to-stage interfaces."
ABC Analysis: A classification of items in an inventory In keeping with great importance defined when it comes to requirements such as product sales quantity and buy quantity.
Anyone that wakes up every day inside of a logistics career that facilities close to transferring dig this freight is more than conscious of The very fact that there is a sizeable truck driver shortage. Which is practically nothing new; in reality, it is far from it.
EDI Interchange: Communication involving partners in the form of the structured list of messages and repair segments beginning with the interchange Command header and ending with an interchange control trailer. In the context of X.400 EDI messaging, the contents of the principal physique of the EDI message.
Expense Allocation: In accounting, the assignment of fees that can't be straight connected to manufacturing actions via more measurable means, e.g., assigning company fees to distinct products and solutions via direct labor prices or several hours.
Classification property: A railroad terminal spot exactly where railcars are grouped together to sort prepare models.
Confirming Buy: A buy buy issued to the provider listing the goods or expert services and conditions of an order her response positioned orally or otherwise prior to the normal order doc.
Conference Carrier: An ocean provider that is a member of an association called a "conference." The objective of the convention would be to standardize delivery methods, get rid of freight charge Opposition, and provide consistently scheduled services amongst unique ports.
Customer Service: The series of functions involved with furnishing the complete range of solutions to consumers.
Environmentally Sensitive Engineering: Creating features in an item and its packaging that make improvements to recycling, etcetera. It might consist of elimination of compounds which might be hazardous into the surroundings.