Grandfather Clause: A provision that enabled motor carriers engaged in lawful trucking operations prior to the passage in the Motor Carrier Act of 1935 to safe frequent carrier authority w/o proving public ease and requirement; the same provision exists for other modes.
Distribution Channel: One or more companies or individuals who participate in the stream of goods and services in the maker to the ultimate user or shopper.
Dice Out: The specific situation when a chunk of equipment has attained its volumetric capacity ahead of reaching the permitted pounds limit.
Bonded Warehouse: Warehouse authorised via the Treasury Office and beneath bond/warranty for observance of earnings laws. Used for storing goods until obligation is paid or products are released in Another appropriate manner.
End-of-Existence Inventory: Inventory readily available that can fulfill long run demand from customers for products that are no more in production at your organization.
Credit history Stage: The quantity of buying credit history a consumer has readily available. Ordinarily defined by the internal credit score department and reduced by any redirected here existing unpaid payments or open orders.
Embargo: A prohibition on exports or imports, possibly with distinct items or precise nations.
Balanced Scorecard: A structured measurement process based on a combination of economic and non-fiscal measures of business enterprise overall performance. A list of monetary and operational measurements used To guage organizational or provide chain efficiency.
Drayage: The service made available from find out this here a motor carrier for select-up and supply of ocean containers or rail containers. Drayage agents ordinarily tackle total-load containers for ocean and rail carriers.
Mobile: A production or support device consisting of a number of workstations, and also the components transportation mechanisms and storage buffers that interconnect them.
Conformance: An affirmative indicator or judgment that a product or service has achieved the necessities of the applicable specification, agreement, or regulation. Synonym: Compliance.
Distribution Demands Setting up (DRP): A program of pinpointing calls for for inventory at distribution centers and consolidating demand from customers information and facts in reverse as input for the production and products procedure.
Domestic Trunk Line Carrier: A classification for air carriers that function involving major population centers. These carriers are now categorized as important carriers.
Containerization: A cargo strategy through which commodities are put in containers, and immediately after First loading, the commodities, for each se, aren't rehandled in shipment till They are really unloaded for the spot.