Cubic Capacity: The carrying ability of a bit of equipment according to measurement in cubic toes.
Buffer Inventory: A amount of products or content saved in storage to safeguard towards unexpected shortages or requires.
Accounts Payable (A/P): The value of goods and providers acquired for which payment has not however been manufactured.
Extranet: A pc expression describing A personal community (or simply a secured url on the general public Web) that one-way links different businesses and utilizes precisely the same software program and protocols as the web.
General Agreement on Tariffs and Trade (GATT): A multilateral trade arrangement geared toward growing international trade as a way of increasing world welfare.
Accuracy: In quality management, the degree of liberty from error or maybe the degree of conformity to a normal. Precision differs from precision.
Configure/Deal to Buy: A system wherever the set off to begin to manufacture, ultimate assembly, or packaging of an item is an true shopper purchase or launch instead of a industry forecast.
Container Terminal: A place selected for use for the stowage explanation of cargo in containers Which may be accessed by truck, rail, or ocean transportation.
Diversion: The whole process of shifting the spot and/or maybe the consignee while the shipment is enroute.
Containerization: A shipment approach where commodities are put in containers, and immediately after Original loading, the commodities, for each se, usually are not rehandled in shipment until eventually they are unloaded for the vacation spot.
Export Management Company: A private organization that serves given that the export department for a number of manufacturers, soliciting and transacting export organization on behalf of its clients in return to get a commission, salary, or simply a retainer in addition Click This Link commission.
Acknowledgement: A interaction by a provider to advise a purchaser that a purchase order has long been obtained. It usually indicates acceptance with the buy with the supplier.
Blow By way of: An MRP system which utilizes a important link "phantom bill of material" and permits MRP logic to drive specifications straight throughout the phantom product to its factors. The MRP system usually retains its ability to Web versus any occasional inventories of the product.
Benchmarking: The entire process of evaluating general performance from the practices of other main firms for the purpose of increasing efficiency. Providers also benchmark internally by tracking and comparing latest overall performance with earlier performance.