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Grandfather Clause: A provision that enabled motor carriers engaged in lawful trucking operations before the passage on the Motor Provider Act of 1935 to protected frequent carrier authority w/o proving public benefit and requirement; a similar provision exists for other modes.

Company Continuity Strategy (BCP): A contingency strategy for sustained operations during periods of superior hazard, including labor unrest or normal disaster. CSCMP gives solutions for helping firms do continuity preparing of their Securing the provision Chain

Cost, Coverage, Freight: A freight term indicating that the vendor is liable for cost, the marine coverage, and the freight prices on an ocean shipment of products.

Dashboard: A functionality measurement Resource utilized to capture a summary of the key overall performance indicators/metrics of a corporation. Metrics dashboards/scorecards should be easy to read through and usually have purple, yellow, inexperienced indicators to flag when the corporate isn't Conference its metrics targets. Ideally, a dashboard/scoreboard must be cross practical in nature and involve both economic and non-fiscal actions.

Can-Order Place: An buying technique utilized when multiple things are requested from one particular vendor. The can-buy level is a degree better than the original get point. When any on the list of products triggers an purchase by achieving the have to-buy level, all products below their can-purchase stage are also ordered.

Artificial Intelligence: A discipline of analysis searching for to pop over to these guys be familiar with and computerize the human thought process.

Consolidator: An organization that gives products and services to team shipments, orders, and/or items to aid movement.

Electronic Money Transfer (EFT): A computerized technique that procedures monetary transactions and information regarding these transactions or performs the Trade of benefit.

ABC Program: In Price administration, a technique that maintains economical and running details on a company's methods, pursuits, motorists, objects and actions. ABC Products are made and maintained inside This method.

Chain of shoppers: The sequence of consumers who, in turn, view eat the output of each other, forming a series. For example, individuals are prospects of the Office shop which consequently is The shopper of the producer that is The shopper of a material provider.

Channels of Distribution: Any number of firms or people that participates while in the stream of products and solutions from the Uncooked content provider and producer to the final consumer or shopper. Also see: Distribution Channel.

Certification of General public Comfort and Requirement: The grant of functioning authority that typical carriers obtain. A provider will have to prove that a community have to have exists and which the carrier is in good shape, inclined, and equipped to deliver the wanted services. The certification may specify the commodities the provider may possibly haul, along with the routes it could use.

Doc: In EDI, a sort, including an invoice or acquire buy, that buying and selling companions have agreed to exchange and that the EDI application handles inside of its compliance-examining logic.

Acknowledgement: A conversation by a provider to recommend a purchaser that a buy get has been been given. It always indicates acceptance of the purchase through the provider.

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