Movement of Goods: The transfer of goods from one location to another.Full Truckload (FTL): Same as Full Containerload, but in reference to motor carriage instead of containers.Bin Center: A drop off facility that is smaller than a public warehouse.Call Center: A facility housing personnel who respond to customer phone queries.Portal: A web site that serves as a starting point to other destinations or activities on the Internet.Actual Cost System: A cost system that collects costs historically as they are applied to production, and allocates indirect costs to products based on the specific costs and achieved volume of the products.Example: a grocery store chain buys Oreo cookies from Nabisco.Co-packers are more frequently seen in consumer packaged goods and foods.Prepaid: A freight term which indicates that charges are to be paid by the shipper.
Pro Number: Any progressive or serialized number applied for identification of freight bills, bills of lading, etc.By entering the Fixya site you declare that you have read and agreed to its Terms.AMB uses activity-based cost information and performance measurements to influence management action.In addition, the causes of items missing from the buffer are identified, and the frequency of occurrence is used to prioritize improvement activities.Carmack Amendment: An Interstate Commerce Act amendment that delineates the liability of common carriers and the bill of lading provisions.The request for the change can be from a customer or from production, quality control, another department, or a supplier.
Supply Chain Management (SCM): Supply chain management encompasses the planning and management of all activities involved in sourcing and procurement, conversion, and all logistics management activites.Double Bottoms: A motor carrier operation that involves one tractor pulling two trailers.An inventory reduction strategy that feeds production lines with products delivered just in time.Conformance: An affirmative indication or judgment that a product or service has met the requirements of a relevant specification, contract, or regulation.Sending payment instructions across a computer network, or the company-to-company, company-to-bank, or bank-to bank electronic exchange of value.
All Water: Term used when the transportation is completely by water.2 meanings of LOC acronym and LOC abbreviation in Nursing. Get the definition of LOC in Nursing by All Acronyms dictionary. Top Definition: Loss Of Consciousness In.
Product-related activity levels may include unit, batch, and product levels.Orders that were not shipped within 24 hours due to consolidation but were available for shipment within 24 hours are reported separately.Customer Relationship Management (CRM): This refers to information systems that help sales and marketing functions as opposed to the ERP (Enterprise Resource Planning), which is for back-end integration.Fair Return: A profit level that enables a carrier to realize a rate of return on investment or property value that the regulatory agencies deem acceptable for that level of risk.Profit Ratio: The percentage of profit to sales--that is, profit divided by sales.
Examples are the costs of information systems, process engineering, and purchasing.Export Declaration: A document required by the U.S. Treasury department and completed by the exporter to show the value, weight, consignee, destination, etc., pertinent to the export shipment.
Dangerous Goods: Articles or substances capable of posing a significant risk to health, safety, or property, and that ordinarily require special attention when transported.Landed Cost: Cost of product plus relevant logistics costs, such as transportation, warehousing, handling, etc.
Conducting business electronically via traditional EDI technologies, or online via the Internet.Receiving Dock: Distribution center location where the actual physical receipt of the purchased material from the carrier occurs.Cube Out: The situation when a piece of equipment has reached its volumetric capacity before reaching the permitted weight limit.Carnet: A Customs document permitting the holder to carry or send special categories of goods temporarily into certain foreign countries without paying duties or posting bonds.Batch Picking: A method of picking orders in which order requirements are aggregated by product across orders to reduce movement to and from product locations.Free of Particular Average: See Marine Cargo Insurance (FPA).