A complete order must be complete to be considered fulfilled. Third Party Logistics Provider (3PL): A firm which provides multiple logistics services for use by customers. The systematic division of a whole into discrete parts having distinctive characteristics. Slotting: Warehouse slotting is defined as the placement of products within a warehouse facility. Zigaflow's Quotation Software allows you to send out quotes quicker than ever before. Marine Cargo Insurance - General Average: A loss arising out of a voluntary sacrifice made of any part of a shipment or cargo to prevent loss of the whole and for the benefit of all persons concerned. MRO items: Maintenance, repair, and operating items--office supplies, for example. Narrow-band data transmissions move along a single limited radio frequency, while spread-spectrum transmissions move across several different frequencies. Using this information to identify causal relationships to suggest actions in line with the business goals. Cost Variance: In cost accounting the difference between what has been budgeted for an activity and what it actually costs. The next grouping, B, represents about 20% of the items and 20% of the dollar volume. The chargeable weight may be the dimensional weight or, for container shipments, the gross weight of the shipment less the tare weight of the container. Usually includes an allowance for bad debts. 2. In addition to industry-specific vertical portals that cater to consumers, another definition of a vertical portal is one that caters solely to other businesses. ERP: See Enterprise Resource Planning System (ERP). 24/7: Referring to operations that are conducted 24 hours a day, 7 days a week. A cloud-based field service management app, Housecall Pro helps service professionals automate their business processes and workflows to increase efficiency and productivity. In the first step (plan), a plan to affect improvement is developed. Carrier Assets: Items that a carrier owns (technically or outright) to facilitate the services they provide. Synonym: Engineering Change Order. Expert System: A computer program that mimics a human expert. In Bond: Goods are held or transported In-Bond under customs control either until import duties or other charges are paid, or to avoid paying the duties or charges until a later date. (2) In project management, an element of work on a project. This change can result from a revised quantity, date, or specification by the customer; an engineering change; a change in inventory requirement data; etc. IMO: See International Maritime Organization (IMO). Data Interchange Standards Association (DISA): The secretariat which provides clerical and administrative support to the ASC X12 Committee. Our mission is to help Sales Reps engage in Salesforce and get more out of it than they put in, while giving Sales Management better forecasts and the analytics to see which actions truly drive the pipeline. The UK economy has the third largest stock of inbound and outbound foreign direct investments and despite the recession, London remains one of the world’s largest financial centers with the greatest GDP of any city in Europe. New Product Introduction (NPI): The process used to develop products that are new to the sales portfolio of a company. The company must maintain this area in accordance with government safety regulations. The laid-down cost is useful in comparing the total cost of a product shipped from different supply sources to a customer's point of use. Driving Time Regulations: U.S. Department of Transportation rules that limit the maximum time a driver may drive in interstate commerce; the rules prescribe both daily and weekly maximums. Interchange: In EDI, the exchange of electronic information between companies. 2. Piggyback: Terminology used to describe a truck trailer being transported on a railroad flatcar. By far, the largest portion of exempt carriers transports agricultural commodities or seafood. Also called operating profit. Examples are the level where individual units are identified (unit level), where batches of units are organized or processed (batch level), where a process is operated or supported (process level), or where costs cannot be objectively assigned to lower level activities or processes (facility level). National Motor Freight Classification (NMFC): A tariff, which contains descriptions and classifications of commodities and rules for domestic movement by motor carriers in the US. Harmonized Commodity Description & Coding System (Harmonized Code): An international classification system that assigns identification numbers to specific products. Logistics management is an integrating function which coordinates and optimizes all logistics activities with other functions, including marketing, sales, manufacturing, finance, and information technology. Demand Side Analysis: Techniques such as market research, surveys, focus groups, and performance/cost modeling used to identify emerging technologies. Product is manufactured or acquired in response to sales forecasts. 2. Manufacturer's Representative: One who sells goods for several firms but does not take title to them. 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. Country of Origin: The country where the goods were manufactured. All Rights Break-Bulk: The separation of a consolidated bulk load into smaller individual shipments for delivery to the ultimate consignee. Air Taxi: An exempt for-hire air carrier that will fly anywhere on demand; air taxis are restricted to a maximum payload and passenger capacity per plane. Just in Time II (JIT II): Vendor-managed operations taking place within a customer's facility. Conference Carrier: An ocean carrier who is a member of an association known as a "conference." Order information in this channel may be transmitted by electronic means. Inventory Velocity: The speed at which inventory moves through a defined cycle (i.e., from receiving to shipping). Using predictive and preview dialers, marketing agents can automate call handling processes and review lead information before client interactions. Best in Class: An organization, usually within a specific industry, recognized for excellence in a specific process area. Warehouse Management - Finished goods, receiving and stocking, pick/pack. CPFR is considered a standard, endorsed by the Voluntary Inter-Industry Commerce Standards. Shewhart Cycle: See Plan-Do-Check-Action. Exclusive Patronage Agreements: A shipper agrees to use only a conference's member liner firms in return for a 10 to 15 percent rate reduction. An order must be complete to be considered fulfilled. The buyer provides long-term contracts and uses fewer suppliers. You can browse through, read, and edit data stored in those services through a user-friendly graphical interface. Finance Lease: An equipment-leasing arrangement that provides the lessee with a means of financing for the leased equipment; a common method for leasing motor carrier trailers. Such requirements can include cost, quality, delivery, flexibility, maintenance, safety, and ISO quality and environmental standards. International Import Certificate: A document required by the importing country indicating that the importing country recognizes that a controlled shipment is entering their country. Cost Driver Analysis: In cost accounting, the examination, quantification, and explanation of the effects of cost drivers. Audit: In reference to freight bills, the term audit is used to determine the accuracy of freight bills. Business Process Outsourcing (BPO): The practice of outsourcing non-core internal functions to third parties. Also see: Deming Circle. Field Finished Goods: Inventory which is kept at locations outside the four walls of the manufacturing plant (i.e., distribution center or warehouse). Link: The transportation method a company uses to connect nodes (plants, warehouses) in a logistics system. Aggregate Tender Rate: A reduced rate offered to a shipper who tenders two or more class-related shipments at one time and one place. Synonym: Cash Conversion Cycle. Flexible Specialization: A strategy based on multi-use equipment, skilled workers, innovative senior management to accommodate the continuous change that occurs in the marketplace. Freight: Goods being transported from one place to another. Container Terminal: An area designated to be used for the stowage of cargo in containers that may be accessed by truck, rail, or ocean transportation. These costs consist of the following: 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. The MRP system usually retains its ability to net against any occasional inventories of the item. XML: *See Extensible Markup Language (XML). Activity Analysis: The process of identifying and cataloging activities for detailed understanding and documentation of their characteristics. Container I.D. Load tender terminology is primarily used in the motor industry. Export Sales Contract: The initial document in any international transaction; it details the specifics of the sales agreement between the buyer and seller. Failure Modes Effects Analysis (FMEA): A pro-active method of predicting faults and failures so that preventive action can be taken. Typical characteristics of a good performance measurement program include the following: Hi-Low: Usually refers to a forklift truck on which the operator must stand rather than sit. This cycle time includes the time a Return Product Authorization (RPA) is created to the time the RPA is approved, from Product Available for Pickup to Product Received and from Product Receipt to Product Disposal/Recycle. Transit Time: The total time that elapses between a shipment's pickup and delivery. Also known as an order bill of lading. Often includes electronic commerce with suppliers. The request for the change can be from a customer or from production, quality control, another department, or a supplier. Inventory Carrying Cost: One of the elements comprising a company's total supply chain management costs. Unlike a UPC number, which only provides information specific to a group of products, the GTIN gives each product its own specific identifying number, giving greater accuracy in tracking. Transportation Management System: A computer system designed to provide optimized transportation management in various modes along with associated activities, including managing shipping units, labor planning and building, shipment scheduling through inbound, outbound, intra-company shipments, documentation management (especially when international shipping is involved), and third party logistics management. Activity-based budgeting (ABB): is based on the outputs of activity-based planning. From placement of products and services the firm with those of its time that elapses between a for. Spends $ 50,000 a month above any incoming cash flow to sustain its business or ship 's receipt of item... 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