Economic Buy Quantity (EOQ): A listing model that establishes just how much to order by deciding the quantity which will meet up with customer support concentrations although minimizing complete purchasing and Keeping fees.
Precise Charge Method: A cost procedure that collects expenses historically as They can be placed on manufacturing, and allocates indirect costs to solutions based on the particular expenditures and accomplished quantity of your products.
Ideal in Class: A company, typically in just a certain industry, regarded for excellence in a selected course of action area.
Buyer Acquisition or Retention: The rate at which new consumers are acquired, or present consumers are retained. A essential providing level to potential marquis companions.
Vital Success Issue (CSF): Those people routines and/or procedures that have to be done and/or managed to help an organization to achieve its ambitions.
Doubles: Double vans are two 28-foot trailers which have been pulled by one particular tractor. Doubles also are called "double bottoms."
Airport and Airway Have image source confidence in Fund: A federal fund that collects passenger ticket taxes and disburses Those people funds for airport amenities.
Distributed Stock: Stock that may be geographically dispersed. For instance, the place a business maintains inventory in several distribution centers to provide a higher level of customer care.
Databases: Details saved in Pc-readable form, ordinarily indexed or sorted in the reasonable purchase by which buyers can discover a particular merchandise of knowledge they have to have.
Committed Agreement Carriage: A third party company that dedicates gear (automobiles) and drivers to only one consumer for its exclusive use over a contractual basis.
Extranet: A computer phrase describing a private network (or a secured connection on the public World wide web) that links independent companies and takes advantage of exactly the same program and protocols as the world wide web.
Buyer-Supplier find here Partnership: A long-term partnership among a buyer plus a supplier characterized by teamwork and mutual self-confidence. The supplier is considered an extension of the buyer's organization.
Detention: The carrier prices and costs utilized when rail freight cars and trucks and ships are retained past a specified loading or unloading time. Also see: Demurrage, Specific
Cube Utilization: In warehousing, a measurement with the utilization of the entire storage potential of the auto or warehouse.