Facts About Ocean carriers case solution Revealed

Credit history Conditions: The arrangement concerning two or even more enterprises regarding the amount of money and timing of payment for products or companies.

Accuracy: In quality administration, the diploma of independence from error or perhaps the diploma of conformity to a regular. Precision differs from precision.

Intercontinental Civil Aeronautics Organization: A global company accountable for air security and for standardizing air site visitors control, airport style and design, and safety characteristics worldwide.

Competitive Bid: A cost/assistance featuring by a supplier that should contend with choices from other suppliers.

Consolidator's Invoice of Lading: A Monthly bill of lading issued by a consolidator being a receipt for merchandise that could be grouped with cargo acquired from other shippers. See also Property Air Waybill.

Density: A physical attribute measuring a commodity's mass per unit quantity or kilos for each cubic foot; an important Think about ratemaking, since density has an effect on the utilization of the carrier's car.

Catalog Channel: A phone Middle or purchase processing facility that receives orders straight from The client determined by outlined catalog choices, and ships on to The shopper.

Useful Acknowledgement (FA): A specific EDI Transaction Set (997) sent read through the receiver of an EDI message to confirm the receipt of information but with no indicator as into the receiver software's reaction towards the message.

Balanced Scorecard: A structured measurement process based upon a combination of financial and non-economic steps of company performance. A list of monetary and operational measurements employed To guage organizational or offer chain performance.

Environmentally Delicate Engineering: Planning features in an item and its packaging that make improvements to recycling, etcetera. It could possibly incorporate elimination of compounds that happen to be hazardous to the environment.

Consignment Stock: (one) Items or products which are paid for when they are marketed from the reseller, not at enough time They may be delivered towards the reseller. (2) Merchandise or solutions which happen to be owned by the vendor right up until They are really marketed to the consumer.

Activity-Centered Budgeting (ABB): An approach to budgeting the place an organization takes advantage of an idea of its routines and driver relationships to quantitatively estimate workload and useful resource needs as A part of an ongoing business enterprise program.

Drayage Companies: Motor carriers that provide nearby pickup and supply of trailers and containers (on view it now chassis)

Enterprise Application Integration (EAI): A pc time period for your instruments and procedures used in linking ERP and also other company programs alongside one another. Linking techniques is key for e-organization. Gartner claims "companies applying company applications commit not less than thirty% on position-to-level interfaces."

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