Center-of-Gravity Technique: A source chain setting up methodology for locating distribution centers at roughly The placement symbolizing the minimal transportation prices in between the vegetation, the distribution facilities, and also the marketplaces.
Certification of Origin: A doc made up of an affidavit to demonstrate the origin of imported items. Utilized for customs and foreign exchange functions.
Details Mining: The process of studying info to find Beforehand unknown relationships. This know-how is then placed on attaining distinct business targets.
In Bond: Merchandise are held or transported In-Bond underneath customs Manage either until import duties or other expenses are compensated, or to stay away from paying the duties or fees right up until a later on date.
Built-in Logistics: An extensive, method-huge view of your entire source chain as an individual system, from Uncooked materials provide by completed merchandise distribution. All features which make up the provision chain are managed as a single entity instead of running personal functions individually.
Split-Bulk: The separation of a consolidated bulk load into lesser person shipments for shipping and delivery to the final word consignee. The freight can be moved intact In the trailer, or it could be interchanged and rehandled to connecting carriers.
American Waterway Operators: A domestic water provider market association representing barge operators on inland waterways.
Assembly: A bunch of subassemblies and/or components that happen to be put together and represent A serious subdivision for the final product or service. An assembly may very well be an conclude merchandise or this content a component of a better-stage assembly.
Conformance: An affirmative indicator or judgment that a products or services has achieved the necessities of a applicable specification, agreement, or regulation. Synonym: Compliance.
Forecasting: Predictions of exactly how much of an item will probably be bought by buyers. Relies upon equally quantitative and qualitative techniques. Also see: Forecast.
Dumping: When a product is marketed underneath cost inside a overseas marketplace and/or when a product is offered at a basics cheaper price in the international sector than in a domestic current market, Using the intention of driving out competition in the overseas current market.
Accounts Payable (A/P): The value of products and companies acquired for which payment has not yet been built.
Affirmation: With regards to EDI, a formal detect (by concept or code) from a Digital mailbox method or EDI server indicating that a message despatched to the buying and selling husband or wife has attained its intended mailbox or continues to be retrieved by the addressee.
Well balanced Scorecard: A structured measurement technique depending on a mixture of financial and non-money measures of company general performance. A list of economic and operational measurements used to evaluate organizational or source chain functionality.