Container Freight Station (CFS): The placement selected by carriers for receipt of cargo to become packed into containers/gear because of the carrier. At location, CFS is The situation designated from the carrier for unpacking of cargo from devices/containers.
Establish to Stock: A "force" system of manufacturing and stock management. Merchandise is manufactured or acquired in response to revenue forecasts.
Demurrage: The carrier costs and charges applied when rail freight automobiles and ships are retained further than a specified loading or unloading time. Also see: Detention, Categorical.
General Arrangement on Tariffs and Trade (GATT): A multilateral trade agreement directed at expanding Global trade as a means of elevating environment welfare.
Drop Ship: To go ahead and take title with the merchandise although not truly handle, inventory, or deliver it, e.g., to get a person supplier ship on to Yet another or to possess a provider ship straight to the buyer's buyer.
Container Terminal: An area selected to be used for that stowage of cargo in containers That could be accessed by truck, rail, or ocean transportation.
Business enterprise Continuity Plan (BCP): A contingency strategy for sustained operations for the duration of intervals of significant hazard, such as labor unrest or natural catastrophe. CSCMP delivers strategies for helping companies do continuity arranging within their Securing the Supply Chain
Cost Trade-Off: The interrelationship recommended you read among system variables in which a transform in one variable impacts other variables' fees. A cost reduction in a single variable may perhaps maximize charges for other variables, and vice versa.
Cross Provide: The apply of aiming to visit the site promote added items to the buyer through a revenue contact. For instance, if the CSR presents a camera scenario and add-ons to your customer that is definitely ordering a digital camera.
Consignment Inventory: (one) Goods or products that are paid for when they are bought because of the reseller, not at the time they are shipped to your reseller. (two) Items or products and solutions which are owned by the vendor until eventually they are sold to The customer.
Circulation-Via Distribution: A course of action in the distribution Middle wherein products and solutions from various locations are brought in visit the site towards the D.C. and they are re-sorted by supply place and shipped in the identical working day. Also referred to as a "cross-dock" process during the transportation small business. See Cross Docking.
Activity Ratio: A economic ratio applied to ascertain how a corporation's means carry out relative towards the profits the methods develop. Action ratios involve stock turnover, receivables conversion period of time, mounted-asset turnover, and return on property.
Cross Docking: A distribution system through which merchandise gained in the warehouse or distribution Heart just isn't set away, but as an alternative is readied for cargo to retail shops.
Deal: An agreement amongst two or maybe more qualified individuals or organizations to carry out or to not accomplish particular acts or companies or to provide items.