FOB Spot: Title passes at desired destination, and seller has complete responsibility right up until shipment is shipped.
Distribution Necessities Setting up (DRP): A program of analyzing needs for stock at distribution centers and consolidating desire information in reverse as input towards the production and materials process.
Air Taxi: An exempt for-employ air carrier that may fly wherever on desire; air taxis are limited to a most payload and passenger capacity for every aircraft.
Bulk Place: A storage location for big goods which at a least are most efficiently managed from the palletload.
Acceptance Sampling: 1) The process of sampling a part of products for inspection instead of analyzing your entire large amount. The whole good deal might be accepted or rejected dependant on the sample Despite the fact that the particular units within the large amount are much better or even worse than the sample. There's two types: characteristics sampling and variables sampling.
Conformance: An affirmative indication or judgment that a goods and services has fulfilled the requirements of a pertinent specification, contract, or regulation. Synonym: Compliance.
Enterprise Continuity Approach (BCP): A contingency program for sustained functions through periods of substantial possibility, including labor unrest or purely natural catastrophe. CSCMP offers solutions for helping companies do continuity arranging inside their Securing the provision Chain
Bullwhip Effect: An Serious alter in the provision placement upstream in the offer chain produced by a small change in demand downstream in the provision chain. Stock can quickly transfer from remaining backordered to becoming in excess.
Cycle Inventory: A listing system find more information where counts are executed constantly, typically reducing the necessity for an once-a-year In general inventory.
Co-Managed Inventory (CMI): A sort of continual replenishment where the producer is liable for replenishment of ordinary goods, whilst the retailer manages the replenishment of marketing products.
ABC Website Design: In Price administration, a illustration of useful resource costs throughout a time period that happen to be consumed via things to do and traced to solutions, products and services, and consumers, or to another object that makes a demand for the exercise for being performed.
Airport and Airway Belief Fund: A federal fund that collects passenger ticket taxes and disburses Those people cash for airport facilities.
In a few cases, backorders usually are not authorized. This leads to a missing sale when sufficient quantities are usually not accessible to totally ship an purchase or buy line.
Balanced Scorecard: A structured measurement system based on a combination of monetary and non-economic steps of business efficiency. A listing of monetary and operational measurements made use of To judge organizational or offer chain performance.