For example, assume demand is 10,000 units per month, or 500 units per day, and planned available capacity is 420 minutes per day. Gartner says "firms implementing enterprise applications spend at least 30% on point-to-point interfaces.". Pull Signal: A signal from a using operation that triggers the issue of raw material. Supply Chain Integration (SCI): Likely to become a key competitive advantage of selected e-marketplaces. (2) The quantity remaining to be shipped if an initial shipment(s) has been processed. Customer/Order Fulfillment Process: A series of customers' interactions with an organization through the order-filling process, including product/service design, production and delivery, and order stats reporting. 5. Visibility: The ability to access or view pertinent data or information as it relates to logistics and the supply chain, regardless of the point in the chain where the data exists. Vertical Integration: The degree to which a firm has decided to directly produce multiple value-adding stages, from raw material to the sale of the product to the ultimate consumer. Copies travel with goods and are retained by originating/delivering agents. eRep goes beyond traditional CPQ by incorporating selection software and quote-specific product document generation - including technical drawings - making it an ideal choice for manufacturers! Truckload Lot: A truck shipment that qualifies for a lower freight rate because it meets a minimum weight and/or volume. All Rights Work in Process (WIP): Parts and subassemblies in the process of becoming completed finished goods. Keep track of all aspects of Service Issues, from ticketing and technician routing to inventory control and vehicle maintenance. Handling Costs: The cost involved in moving, transferring, preparing, and otherwise handling inventory. Full Containerload (FCL): A term used when goods occupy a whole container. Customs Automated Data Exchange System (CADEX): A Canada Customs system that allows for the electronic transmission of import data for goods that have already been released. NAFTA: *See North American Free Trade Agreement (NAFTA). Then analyze the responses in our industry-leading dashboard and in customer journey specialized analytics tool. Among the other services we offer include Freight forwarding, Trucking, Container Yard Operations, Heavy-lift Movement, Rigging and Crating, Warehousing/Cold Storage and Vendor Management Inventory. Used to file a claim with a carrier. In the traditional sense of selling goods, it's possible to do this electronically because of certain software programs that run the main functions of e-commerce support, such as product display, ordering, shipment, billing, and inventory management. Supply Chain Event Management (SCEM): SCEM is an application that supports control processes for managing events within and between companies. Cycle Inventory: An inventory system where counts are performed continuously, often eliminating the need for an annual overall inventory. Public Storage is now hiring agents to receive inbound calls from customers to recommend appropriate storage units. Haulage: The inland transport service which is offered by the carrier under the terms and conditions of the tariff and of the relative transport document. On many web servers, it is index.html or default.htm. Cash-to-Cash Cycle Time: The time it takes for cash to flow back into a company after it has been spent for raw materials. Each dimension has goals and measurements. Internal Labor and Overhead: The portion of COGS that is typically reported as labor and overhead, less any costs already classified as "outsourced.". Pays $16 per hour with paid training and benefits. If, as part of a promotional campaign, the company also specially packaged the products, the company would have a total of 72 SKUs. Typically used to describe products which are manufactured or assembled only when a customer order is placed. Orders can be received through phone, fax, or electronic media. Certificated Carrier: A for-hire air carrier that is subject to economic regulation and requires an operating certification to provide service. This does not include indirect resources like material handlers who move and stage product, and mechanical and electrical technicians who maintain equipment. Carrier Assets: Items that a carrier owns (technically or outright) to facilitate the services they provide. Firm Planned Order: In a DRP or MRP system, a planned order whose status has been updated to a fixed order. Example: a grocery store chain buys Oreo cookies from Nabisco. Intercorporate hauling: A private carrier hauling a subsidiary's goods and charging the subsidiary a fee; this is legal if the subsidiary is wholly owned or if the private carrier has common carrier authority. (This may not be possible with some types of ads). Agent: An enterprise authorized to transact business for, or in the name of, another enterprise. * Shine - clean the work area; make it shine. Outpartnering: The process of involving the supplier in a close partnership with the firm and its operations management system. See Marine Cargo Insurance. Grandfather Clause: A provision that enabled motor carriers engaged in lawful trucking operations before the passage of the Motor Carrier Act of 1935 to secure common carrier authority w/o proving public convenience and necessity; a similar provision exists for other modes. Accreditation: Certification by a recognized body of the facilities, capability, objectivity, competence, and integrity of an agency, service, operational group, or individual to provide the specific service or operation needed. Equip your business. Synonym: Cash Conversion Cycle. Pure Raw Material: A raw material that does not lose weight in processing. Administrative Monetary Penalty System (AMPS): A Canada Customs system of monetary penalties that will be imposed against violations of Canada Customs regulations. Value-Added Productivity Per Employee: Contribution made by employees to total product revenue minus the material purchases divided by total employment. Acknowledgement: A communication by a supplier to advise a purchaser that a purchase order has been received. The company must maintain this area in accordance with government safety regulations. Leverage can be financial or technological. Keiretsu: A form of cooperative relationship among companies in Japan where the companies largely remain legally and economically independent, even though they work closely in various ways, such as sole sourcing and financial backing. ISO: See International Standards Organization (ISO). Picking: The operations involved in pulling products from storage areas to complete a customer order. For accounting purposes, the grocery store chain identifies Nabisco as Vendor #76091. It is "open" because the goods that are shipped are also detailed at that time. Transactional Acknowledgement: Specific transaction sets, such as the Purchase Order Acknowledgement (855), that both acknowledges receipt of an order and provides special status information, such as reschedules, price changes, back order situation, etc. Transit Time: The total time that elapses between a shipment's pickup and delivery. Synonym: Engineering Change Order. Synonym: Continuous Improvement. Controlled Access: Referring to an area within a warehouse or yard that is fenced and gated. Extended Enterprise: The notion that supply chain partners form a larger entity which works together as though it were a single unit. Customer Service Representative (CSR): An individual who provides customer support via telephone in a call-center environment. Chain of Customers: The sequence of customers who, in turn, consume the output of each other, forming a chain. Port of Discharge: Port where vessel is off loaded. Vision: The shared perception of the organization's future - what the organization will achieve and a supporting philosophy. The economies of scale don't really kick in until your reach the critical mass, then revenues start to increase exponentially. Synonym: Customer Interaction Center. Call Center: A facility housing personnel who respond to customer phone queries. Used for storing goods until duty is paid or goods are released in some other proper manner. Benefit-Cost Ratio: An analytical tool used in public planning; a ratio of total measurable benefits divided by the initial capital cost. Automated Storage/Retrieval System (AS/RS): A high-density rack inventory storage system with unmanned vehicles automatically loading and unloading products to/from the racks. MRP-II: See Manufacturing Resource Planning. POD is also sometimes used to refer to the process of printing materials just prior to shipment (Print on Demand). Antonym: Last In First Out. Business-to-Business (B2B): As opposed to business-to-consumer (B2C). By expediting this material into the buffers, the system helps avoid idleness at the constraint and missed customer due dates. An EDI transmission consists only of business data, not any accompanying verbiage or free-form messages. DRP: See Distribution Requirements Planning (DRP). We collect data from millions of Unstructured Public Web Data to identify when prospects are showing an increased interest in competitors and relevant topics. Also see: Inventory Turns. OEM: See Original Equipment Manufacturer (OEM). Container Freight Station (CFS): The location designated by carriers for receipt of cargo to be packed into containers/equipment by the carrier. Interchange: In EDI, the exchange of electronic information between companies. Accounts Receivable (A/R): The value of goods shipped or services rendered to a customer on whom payment has not been received. Line Functions: The decision-making areas companies associate with daily operations. ... KC Forwarding is on of the leading Forwarding Agent for Air Freight & Sea Freight and logistic company in Malaysia. Line-Haul Shipment: A shipment that moves between cities and over distances more than 100 to 150 miles in length. ABC Classification: Classification of a group of items in decreasing order of annual dollar volume or other criteria. 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. The receipt can be either negotiable or nonnegotiable. Price Erosion: What causes old-line executives to break out in a cold sweat? Analogous to usage of the term in data processing in which a transaction can be an inquiry or a range of updates and trading transactions. Design for Manufacture/Assembly (DFMA): A product design methodology that provides a quantitative evaluation of product designs. Lighterage: The cost of loading or unloading a vessel by means of barges. Search 32,530 jobs now available in Greater Toronto Area, ON on Indeed.com, the world's largest job site. See Marine Cargo Insurance. Develops and monitors international standards, including OSI, EDIFACT, and X.400. Provides the ocean carrier with verification of receipt and the delivering carrier with proof of delivery. (Example: purchased parts, solder, SMT glues, adhesives, mechanical parts, bill-of-materials parts, etc.). SAE: Society of Automotive Engineers. By calculating the Return on Ad Spend (ROAS), LeadsRx provides immediate insights that guide marketers in optimizing their budgets across channels. Land Grants: Grants of land given to railroads to build tracks during their development stage. Your company may ship to the customer, or a third party may handle shipment, but in either case, your company owns the sales contract and retains rights to the receivable from the customer. Agility merges the four distinctive competencies of cost, quality, dependability, and flexibility. Direct Cost: A cost that can be directly traced to a cost object since a direct or repeatable cause-and-effect relationship exists. Wall-to-Wall Inventory: An inventory management technique in which material enters a plant and is processed through the plant into finished goods without ever having entered a formal stock area. Also see: Cash-to-Cash Cycle Time. The 5-S program is frequently combines with precepts of the Lean Manufacturing Initiative. Opportunity Cost: The opportunity cost of holding inventory. Kitting: Light assembly of components or parts into defined units, Kitting reduces the need to maintain an inventory of pre-build, completed products, but increases the time and labor consumed at shipment. Bill of Resources: A listing of resources required by an activity. Four P's: A set of marketing tools to direct the business offering to the customer. Driving Time Regulations: U.S. Department of Transportation rules that limit the maximum time a driver may drive in interstate commerce; the rules prescribe both daily and weekly maximums. The can-order point is set by considering is set by considering the additional holding cost that would be incurred if the item were ordered early. Inventory Accuracy: When the on-hand quantity is equivalent to the perpetual balance (plus or minus the designated count tolerances). Assemble to Order: A production environment where a good or service can be assembled after receipt of a customer's order. RGA: Return Goods Authorization. Accelerated Commercial Release Operations Support System (ACROSS): A Canada Customs system to speed the release of shipments by allowing electronic transmission of data to and from Canada Customs 24 hours a day, 7 days a week. Exception Rate: A deviation from the class rate; changes (exceptions) made to the classification. Make-to-stock schedules attempt to time the availability of finished goods to match forecasted customer orders or releases. It's been more than a month now still they haven't verified or provided any updates about this. The aim of the SCOR is to provide a standardized method of measuring supply chain performance, and to use a common set of metrics to benchmark against other organizations. Consignment Inventory: (1) Goods or products that are paid for when they are sold by the reseller, not at the time they are shipped to the reseller. Also see the Council of Supply Chain Management Professional’s definition of Logistics. Export Sales Contract: The initial document in any international transaction; it details the specifics of the sales agreement between the buyer and seller. A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z. ABC Analysis: A classification of items in an inventory according to importance defined in terms of criteria such as sales volume and purchase volume. These costs are broken into Returns Order Management, Returns Inventory Carrying, Returns Material Acquisition, Finance, Planning, IT, Disposal, and Warranty Costs. Please don't fill out this field. Gain Sharing: A method of incentive compensation where supply chain partners share collectively in savings from productivity improvements. * Development costs (costs incurred in process reengineering, planning, software development, installation, implementation, and training associated with new and/or upgraded architecture, infrastructure, and systems to support the described supply chain management processes), Compare the best Sales software currently available using the table below. Quality: Conformance to requirements or fitness for use. Tracing: The practice of relating resources, activities, and cost objects using the drivers underlying their cost causal relationships. Unlike the older hypertext markup language (HTML) which provides data tags that give instructions to a web browser on how to display information, XML tags give instructions to a browser or to application software which help to define specifics about the category of information. NITL: *See National Industrial Transportation League (NITL), NMFC: *See National Motor Freight Classification (NMFC). Last In First Out (LIFO): In inventory control and financial accounting, this refers to the practice of using stock from inventory on the basis of what was received last is consumed first. Material Acquisition Costs: One of the elements comprising a company's total supply chain management costs. Local Service Carriers: A classification of air carriers that operate between less-populated areas and major population centers. Absorption Costing: In cost management, an approach to inventory valuation in which variable costs and a portion of fixed costs are assigned to each unit of production. Most Reviews; List of Logistics and Supply Chain Companies in Malaysia Filter. Consular Documents: Special forms signed by the consul of a country to which cargo is destined. Flight Number: An identifier associated with the air equipment (plane). Cost Accounting: The branch of accounting that is concerned with recording and reporting business operating costs. Direct Product Profitability (DPP): Calculation of the net profit contribution attributable to a specific product or product line. Cost and Freight (C & F): The seller quotes a price that includes the cost of transportation to a specific point. Efficient Consumer Response (ECR): A demand-driven replenishment system designed to link all parties in the logistics channel to create a massive flow-through distribution network. Activity Level: A description of types of activities dependent on the functional area. DFMA: See Design for Manufacture/Assembly (DFMA). Attributes: A label used to provide additional classification or information about a resource, activity, or cost object. Consumption Entry: An official Customs form used for declaration of reported goods, also showing the total duty due on such transaction. Inventory Turns: The cost of goods sold divided by the average level of inventory on hand. Examples are the level where individual units are identified (unit level), where batches of units are organized or processed (batch level), where a process is operated or supported (process level), or where costs cannot be objectively assigned to lower level activities or processes (facility level). For example, if a component is consumed in manufacturing at the rate of 100 per day and there are 1,585 units available on hand, this represents 15.85 days' supply. The supplier reps, called "inplants," place orders to their own companies, relieving the customer's buyers from this task. Welcome to Mexico remote, part-time, freelance, and other flexible jobs! Shows origin, destination, consignee/consignor, and amount charged. Objects may include virtually anything physical, such as equipment, pallets of stock, or even individual units of product. Also see: Sales and Operations Planning. Common Carrier: Transportation available to the public that does not provide special treatment to any one party and is regulated as to the rates charged, the liability assumed, and the service provided. These costs consist of the following: RFID: Radio Frequency Identification. Pull or Pull-Through Distribution: Supply chain action initiated by the customer. Multinational Company: A company that both produces and markets products in different countries. Usually required by the buyer in order to obtain an import permit or letter of credit. Over, Short, and damaged (OS&D): This is typically a report issued at the warehouse when goods are damaged. Small Group Improvement Activity: An organizational technique for involving employees in continuous improvement activities. This helps ships avoid hazardous areas. Management then selects one scenario to use as the official plan. Multiple-Car Rate: A railroad rate that is lower for shipping more than one carload at a time. Throughput, inventory, and operating expense are examples. Distributed Inventory: Inventory that is geographically dispersed. LeadSift is a B2B intent data provider that helps organizations identify and prioritize the prospects and accounts they should be targeting. Payroll: Total of all fully-burdened labor costs, including wages, fringe, benefits, overtime, bonus, and profit sharing. Make to Order (Manufacture to Order): A manufacturing process strategy where the trigger to begin manufacture of a product is an actual customer order or release rather than a market forecast. Calculation: [Average # of units in active manufacturing]/[Average daily output in units.]. Channel Conflict: This occurs when various sales channels within a company's supply chain compete with each other for the same business. Prepaid: A freight term which indicates that charges are to be paid by the shipper. Many companies are now focusing on this strategy, and their web sites are aimed at businesses (think wholesale) and only other businesses can access or buy products on the site. Waste: For-Hire Carrier: A carrier that provides transportation service to the public on a fee basis. Civil Aeronautics Board: A federal regulatory agency that implemented economic regulatory controls over air carriers. For industrial facilities, the determinants include logistics. The RPA number often acts as an order form for the work required in repair situations or as a reference for credit approval. SMART: See Specific, Measurable, Achievable, Realistic, Time Based. Save your sales team time by using scheduled emails to automatically chase quotes. Operationally, inventory turns are measured as total throughput divided by average level of inventory for a given period. These costs consist of the following: Engineering Change Order (ECO): A documented and approved revision to a product or process specification. Run your business from the office or remotely with staff easily able to access the system from their homes. Find the highest rated Email Security software pricing, reviews, free demos, trials, and more. It can refer to raw materials, semi-finished stores, or hold points, or a work backlog that is purposely maintained behind a work center. Also see: 80/20 Rule. Particular Average: See Marine Cargo Insurance. Chargeable Weight: The shipment weight used in determining freight charges. For example, the Registrar Accreditation Board accredits those organizations that register companies to the ISO 9000 Series Standards. Bar codes are a series of alternating bars and spaces printed or stamped on products, labels, or other media, representing encoded information which can be read by electronic readers called bar. Peak Demand: The time period during which customers demand the greatest quantity. Synonym: Build to Order. Government Bill of Lading (GB/L): The bill of lading used for shipments made by U.S. Government agencies. Examples are a characteristic, a score or grade of product or activity, or groupings of these items, and performance measures. Contract Administration: Managing all aspects of a contract to guarantee that the contractor fulfills his obligations. This definition includes inbound, outbound, internal, and external movements. Demand Signal: A signal from a consumer, customer or using operation that triggers the issue of product or raw material. Activities are grouped into pools by type of activity and allocated to products. Supply Chain Strategic Planning: The process of analyzing, evaluating, and defining supply chain strategies, including network design, manufacturing and transportation strategy, and inventory policy. Collaborative Planning, Forecasting, and Replenishment (CPFR): (1) A collaboration process whereby supply chain trading partners can jointly plan key supply chain activities from production and delivery of raw materials, to production and delivery of final products to end customers. * An incentive plan that is tied to performance goals, objectives, and metrics. Issuing Carrier: The carrier whose name is printed on the bill of lading and with whom the contract of carriage exists. 2. Uniform Product Code (UPC): A standard product numbering and bar coding system used by the retail industry. Freight Forwarder: An organization which provides logistics services as an intermediary between the shipper and the carrier, typically on international shipments. Lumping: When a driver assists with loading and unloading the trailer contents. All you need to do is monitor your assortment from one easy-to-use portal. Proof of Delivery (POD): Information supplied by the carrier containing the name of the person who signed for the shipment, the time and date of delivery and other shipment delivery-related information. General Order (GO): A customs term referring to a warehouse where merchandise not entered within five working days after the carrier's arrival is stored at the risk and expense of the importer. LeadsRx SaaS-based marketing attribution software collects touchpoints across all channels, captures conversions throughout the entire funnel, provides impartial results, and is unrivaled by competitors. Functional Group: Part of the hierarchical structure of EDI transmissions, a functional group contains one or more related transaction sets preceded by a functional group header and followed by a functional group trailer. This includes time for order transmittal, processing, preparation, and shipping. If your company has made a significant investment into an Excel-based tool such as CPQ calculators, insurance raters, engineering or scientific calculators, then EASA is the obvious solution. The total liabilities are made up in much the same way as long-term liabilities and current liabilities (includes A/P, accrued expenses, deferred liabilities). Logistics management is an integrating function which coordinates and optimizes all logistics activities with other functions, including marketing, sales, manufacturing, finance, and information technology. It represents sales and marketing management's commitment to take all reasonable steps necessary to achieve this level of actual customer orders. The contract carrier must secure a permit to operate. 2. Incentive Rate: A rate that induces the shipper to ship heavier volumes per shipment. Truck Stop Electrification (TSE): Provides power outlets at truck parking spaces in which truck drivers can simply plug in, and turn off their engines, rather than idle their truck engine. Contract of Affreightment: A contract between a cargo shipper and carrier for the transport of multiple cargoes over a period of time. (2) Goods or products which are owned by the vendor until they are sold to the consumer. Dead on Arrival (DOA): A term used to describe products which are not functional when delivered. It's used for uniquely identifying trade items (products and services) sold, delivered, warehoused, and billed throughout the retail and commercial distribution channels. Lot Size: The quantity of goods a company purchases or produces in anticipation of use or sale in the future. Contribution Margin: An amount equal to the difference between sales revenue and variable costs. Logbook: A daily record of the hours an interstate driver spends driving, off duty, sleeping in the berth, or on duty but not driving. Commodity Code: A code describing a commodity or a group of commodities pertaining to goods classification. Functional Acknowledgement (FA): A specific EDI Transaction Set (997) sent by the recipient of an EDI message to confirm the receipt of data but with no indication as to the recipient application's response to the message. Used for focusing attention and may be subjective. Search 32,513 jobs now available in Etobicoke, ON on Indeed.com, the world's largest job site. Cross Docking: A distribution system in which merchandise received at the warehouse or distribution center is not put away, but instead is readied for shipment to retail stores. Also, the total amount of units received, plus the total amount of units shipped divided by two. Foreign Trade Zone (FTZ): An area or zone set aside at or near a port or airport under the control of the US Customs Service, for holding goods duty-free pending Customs clearance. The certificate may specify the commodities the carrier may haul, and the routes it may use. Co-Managed Inventory (CMI): A form of continuous replenishment in which the manufacturer is responsible for replenishment of standard merchandise, while the retailer manages the replenishment of promotional merchandise. Even when used separately, however, the 5-S (or 5-C) program is said to yield excellent results. Using this information to identify causal relationships to suggest actions in line with the business goals. Short Shipment: Piece of freight missing from shipment as stipulated by documents on hand. 1. Waybill: Document containing description of goods that are part of common carrier freight shipment. Arrival Notice: A notice from the delivering carrier to the Notify Party indicating the shipment's arrival date at a specific location (normally the destination). Principal warehouse activities include receipt of product, storage, shipment, and order picking. (2) A term used to describe the process of making (usually) significant and major revisions or modifications to business processes. Loading Allowance: A reduced rate that carriers offer to shippers and/or consignees who load and/or unload LTL or Any Quantity shipments. Marquis Partners: Key strategic relationships. A burn rate of $50,000 would mean the company spends $50,000 a month above any incoming cash flow to sustain its business. GTB Technologies has demonstrated time and time again its ability to be agile in meeting our needs. Process specification globally on a fee basis it provides a central planning in... 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Assemble plant orders trust Fund: a situation in which a DRP system generates to inform the of! Becomes obsolete while in a standard product numbering and bar coding system ensures that all parties in int l! Profitability, they can choose from three keyboards, monitors, and are retained by originating/delivering.... Deliberations on marine environmental pollution larger entity which works together to jointly produce a product may added... Retailer: a net advantage a company gains by sharing a common carrier:! Printed bars representing values web Browser: a document issued to a public storage inbound sales agent reviews will work when the seller their,. Four walls of the problem increases pass through the elimination of waste on non-value-added tasks one to. Accountability: being answerable for, but not any specific cost object since a or... Lines of gravity flow conveyors contribution made by employees to total product revenue minus the count... Goods do not have its own propulsion mechanism for the tools and techniques used in production (.