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Grandfather Clause: A provision that enabled motor carriers engaged in lawful trucking operations prior to the passage of the Motor Carrier Act of 1935 to secure typical carrier authority w/o proving public usefulness and requirement; an analogous provision exists for other modes.

Consular Bill: A doc, essential by some international countries, describing a shipment of goods and exhibiting data such as the consignor, consignee, and price of the shipment. Qualified by a consular Formal in the foreign region, it's employed by the place's personalized.

Demand Chain Administration: Similar to offer chain management, but with the emphasis on consumer pull versus supplier press.

Dashboard: A general performance measurement Resource used to seize a summary of the key overall performance indicators/metrics of a corporation. Metrics dashboards/scorecards need to be simple to read and usually have crimson, yellow, environmentally friendly indicators to flag when the corporation will not be meeting its metrics targets. Ideally, a dashboard/scoreboard should be cross functional in nature and incorporate equally financial and non-financial steps.

Purposeful Silo: A perspective of a company exactly where Each and every Division or practical team is operated independently of other groups within the Group. Every single group is known as a "Silo." This is the opposite of the integrated construction.

Classification property: A railroad terminal region in which railcars are grouped collectively to type practice models.

ABC Analysis: A classification of items in an inventory In line with value outlined in terms of requirements including profits quantity and purchase quantity.

Agility: The opportunity to productively manufacture and industry a wide selection of very low-Value, superior-quality services and products with brief guide occasions and various volumes more that present enhanced benefit to prospects via customization. Agility merges the 4 exclusive competencies of Value, high-quality, dependability, and adaptability.

Expense Trade-Off: The interrelationship between technique variables in which a modify in a single variable influences other variables' expenses. A cost reduction in one variable might raise costs for other variables, and vice versa.

Extended Enterprise: The notion that supply chain companions type a larger entity which functions jointly as if it ended up one unit.

EDI Interchange: Conversation in between partners in the shape of a structured list of messages and service segments starting up by having an interchange control header and ending with the interchange Management trailer. Inside the context of X.400 EDI messaging, the contents of the first human body of the EDI concept.

Need Pull: The triggering of material movement to a piece center only when that do the job over at this website Centre is ready to get started the following position. In influence, it gets rid of the queue from in from of a piece Centre, nonetheless it may cause a queue at the conclusion of a previous operate Heart.

Grid Procedure: A quantitative strategy to determine the least-Expense Middle, provided raw supplies sources and markers, for locating a plant or warehouse.

Container on Flat Vehicle (COFC): A container that is transported on a rail flatcar. It may be shipped through tractor/trailer using a chassis as being the wheel section.

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