Distribution Channel: One or more organizations or people who take part in the move of products and companies from the producer to the ultimate consumer or customer.
Actual Expense Process: A cost technique that collects prices historically as These are placed on output, and allocates oblique costs to items determined by the particular expenses and reached volume of your merchandise.
Carnet: A Customs doc allowing the holder to carry or send Particular types of products briefly into selected international nations around the world without paying out duties or posting bonds.
Financial system of Scale: A phenomenon whereby much larger volumes of manufacturing reduce device Price tag by distributing set costs over a bigger quantity.
Container on Flat Auto (COFC): A container that may be transported with a rail flatcar. It can be shipped by means of tractor/trailer employing a chassis as the wheel part.
Density: A Actual physical attribute measuring a commodity's mass for every device volume or lbs for every cubic foot; a vital Consider ratemaking, because density has an effect on the utilization of the provider's vehicle.
Anti-Dumping Duty: An extra import responsibility imposed in cases exactly where imported goods are priced at lower than the "usual" price charged inside the exporter's domestic market and result in substance personal injury to domestic industry while in the importing place
Council of Provide Chain Administration Pros (CSCMP): The CSCMP is really a not-for-gain Specialist organization organization consisting of people all over the planet who definitely have passions and/or responsibilities in logistics and provide chain administration, and the associated capabilities which make up these professions.
AutoID: Referring to an automatic identification program. This incorporates technological know-how including bar coding and radio frequency tagging (RFID).
Agreement Carrier: A for-employ the service of carrier that doesn't serve most of the people but serves shippers with whom the carrier incorporates a continuing contract. The agreement carrier should protected a permit to work.
Price Ingredient: In Price accounting, the lowest level element of a resource action, or cost object.
Activity Analysis: The process of determining and cataloging actions for thorough best site understanding and documentation of their features. why not try these out An action analysis is completed via interviews, group classes, questionnaires, observations, and critiques of Bodily data of work.
Commodity Procurement System: The paying for plan to get a loved ones of items. This would include the prepare to control the supplier base and clear up difficulties.
Bulk Cargo: Unpacked dry cargo such as grain, iron ore or coal. Any commodity delivered in this way is claimed to become in bulk.