Certification of Compliance: A provider's certification that the provides or services in question fulfill specified requirements.
Accounts Payable (A/P): The worth of products and solutions obtained for which payment hasn't still been created.
Well balanced Scorecard: A structured measurement process determined by a combination of economic and non-money measures of organization functionality. A list of financial and operational measurements made use of to evaluate organizational or offer chain functionality.
AutoID: Referring to an automatic identification procedure. This consists of technological innovation such as bar coding and radio frequency tagging (RFID).
Confirming Get: A purchase buy issued to some provider listing the goods or solutions and terms of an get positioned orally or or else before the standard invest in document.
Make to Stock: A "press" process of production and inventory administration. Products is created or acquired in response to income forecasts.
Twin fee system: An international water provider pricing system where a shipper signing an unique use agreement While using the conference pays a fee 10 to 15 per cent reduce than non-signing shippers do for A similar shipment.
Companies that worth agility are willing to reward experimentation and speedy responses to industry modifications. They have confidence in personnel’ Concepts and every staff’s study course of action.
Auditability: A attribute of contemporary information and facts methods gauged by the ease with which details can be substantiated by tracing it to supply paperwork, and also the extent to which auditors can find out here now trust in pre-confirmed and monitored Management procedures.
Consolidation: Combining two or even more shipments in an effort to know lower transportation prices. Inbound consolidation from suppliers is known as make-bulk consolidation; outbound consolidation to buyers is named break-bulk consolidation.
Bar Code: A symbol consisting of the series click for source of printed bars representing values. A system of optical character examining, scanning, tracking of units by examining a number of printed bars for translation into a numeric or alphanumeric identification code. A popular instance is the UPC code used on retail packaging.
Air Waybill (AWB): A Invoice of lading for air transportation that serves for a receipt for that shipper, implies which the carrier has approved the goods stated, obligates the provider to carry the consignment on the airport of spot In line with specified problems.
American Waterway Operators: A domestic water provider sector association symbolizing barge operators on inland waterways.
Kind B tanks limit sloshing difficulties, an advancement about Membrane LNG carrier tanks which may crack because of sloshing affect, hence destroying the ship's hull. This is often also of key relevance for FPSO LNG (or FLNG).