Crucial Price Analysis: A modified ABC analysis during which a firm assigns a subjective critical worth to each item in a listing.
Enterprise Source Organizing (ERP) Process: A category of program for setting up and handling business-large the resources required to get shopper orders, ship them, account for them, and replenish all necessary merchandise In keeping with purchaser orders and forecasts.
In some cases, backorders are certainly not allowed. This leads to a missing sale when adequate portions usually are not available to completely ship an order or get line.
Reasonable Return: A financial gain stage that allows a provider to appreciate a price of return on investment or house worth which the regulatory businesses deem acceptable for that standard of threat.
Bulk Cargo: Unpacked dry cargo including grain, iron ore or coal. Any commodity transported in this manner is alleged to get in bulk.
Crack-Bulk: The separation of a consolidated bulk load into lesser particular person shipments for shipping and delivery to the final word consignee. The freight may very well be moved intact In the trailer, or it could be interchanged and rehandled to connecting carriers.
Airport and Airway Believe in Fund: A federal fund that collects passenger ticket taxes and disburses Those people funds for airport services.
Build to Get: A technique of lowering stock by not manufacturing solution until eventually There's an precise buy from The shopper.
Action-Based mostly Costing Product: In activity-based mostly Charge accounting, a product, by period of time, of source prices created because of functions linked to merchandise or expert services or other merchandise resulting in the exercise to get completed.
Contribution: The distinction between profits price and different charges. Contribution is accustomed to address preset costs and profits.
Finance Lease: An machines-leasing arrangement that gives the lessee with a method of financing learn this here now for the leased equipment; a common system click for info for leasing motor carrier trailers.
Harmful Goods: Posts or substances able to posing a major danger to health, protection, or residence, Which ordinarily need Exclusive notice when transported. Also called Perilous Products.
Diversion: The process of altering the vacation spot and/or even the consignee while the shipment is enroute.
Cooperative Associations: Teams of companies or people getting common passions; agricultural cooperative associations could haul around twenty five per cent of their full interstate non-farm, nonmember merchandise tonnage in actions incidental and necessary to their Main organization.