All-Cargo Carrier: An air carrier that transports cargo only.
Boxcar: An enclosed rail car typically 40 to 50 feet long; used for packaged freight and some bulk commodities.
Collect Freight: Freight payable to the carrier at the port of discharge or ultimate destination. The consignee does not pay the freight charge if the cargo does not arrive at thedestination.
Dynamic Rescheduling: A functional capability ofresource planning and operations management systems which provides the ability to reschedule activities “on the fly” in the event ofa change in oneofthe factors affecting the schedule—such as a late shipment or equipment failure.
E-Commerce: commercial transactions conducted electronically on the Internet.
Freight Forwarder: An organization which provides logistics services as an intermediary between the shipper and the carrier, typically on international shipments. Freight forwarders provide the ability to respond quickly and efficiently to changing customer and consumer demands and international shipping (import/export) requirements.
Going-concern value: The value that a firm has as an entity, as opposed to the sum of the values of each of its parts taken separately; particularly important in determining what constitutes a reasonable railroad rate
Hoshin Planning: Also “Hosin Kanri” Hoshin Kanri is a step-by-step strategic planning process that assesses breakthrough strategic objectives against daily management tasks and activities. It provides a visual map at all levels of the organization provides clear strategic direction. a company develops up to four vision statements that indicate where the company should be in the next five years. Company goals and work plans are developed based on the vision statements. Periodic audits are then conducted to monitor progress
IATA: International Air Transport Association
Joint Supplier Agreement (JSA): Indicative of Stage 3 Sourcing Practices, the JSA includes termsandconditions, objectives, process flows, performance targets, flexibility, balancing and incentives.
Knock-Down (KD): A flat, unformed cardboard box or tray. Knock-downs, also known as KDs, are constructed and glued in the recoup or packaging areas and used for repacked product. Many KDs are provided by the customer for their recouped products.
Lockbox: A method for receiving payments where customers make their remittance directly to a bank or other financial institution ratherthan to the invoicing company. The bank then applies the funds received directly to the company’s account, and provides the company with a listing (printed or electronic) ofall thepayments received.
Manifest: A document which describes individual orders contained within a shipment.
Order Management: The process of managing activities involved in customer orders, manufacturing orders, and purchase orders. For customer orders this includes order entry, picking, packing, shipping, and billing. For manufacturing it includes order release, routing, production monitoring, and receipt to inventory. For P.Os the activities are order placement, monitoring, receiving, and acceptance
Packing List: List showing merchandise packed and all particulars. Normally prepared by shipper but not required by carriers. Copy is sent to consignee to help verify shipment received, it may be inside of the box or attached to the outside in a clear envelope. The physical equivalent of the electronic Advanced Ship Notice (ASN).
Quick Response (QR): A strategy widely adopted by general merchandise and soft lines retailers and manufacturers to reduce retail out-of-stocks, forced markdowns and operating expenses. These goals are accomplished through shipping accuracy and reduced response time. QR is a partnership strategy in which suppliers and retailers work together to respond more rapidly to the consumer by sharing point-of-sale scan data, enabling both to forecast replenishment needs. Also seeEfficient Consumer Response and CollaborativePlanning, Forecasting and Replenishment.
Refrigerated Carriers: Truckload carriers designed to keep perishables good refrigerated. The food industry typically uses this type ofcarrier
Shipper’s Agent: A firm that acts primarily to match up small shipments, especially single-traffic piggyback loads to permit use of twin-trailer piggyback rates
Total Supply Chain Response Time: The time it takes to rebalance the entire supply chain after determining a change in market demand. Also, a measure ofa supply chain’s ability to change rapidly in response to marketplace changes
Unit Load Device (ULD): Refers to airfreight containers and pallets.
Value-of-Service Pricing: Pricing according to the value of the product being transported; third-degree price discrimination; demand-oriented pricing; charging what thetraffic will bear.
Wave Picking: A variation on zone picking where rather than orders moving from one zone to the next for picking, all zones are picked at the same time and the items are later sorted and consolidated into individual orders/shipments. Wave picking is the quickest method for picking multi item orders however the sorting and consolidation process can be tricky.Picking waves are often designed to isolate shipments to specific carriers, routes, etc.
XML: Extensible Markup Language
Yard Management System (YMS): A system which is designed to facilitate and organize the coming, going and staging of trucks and trucks with trailers in the parking “yard” that serves a warehouse, distribution or manufacturing facility.
Zone Picking: A method of picking orders where a warehouse is divided into several pick zones with order pickers assigned to a specific zone and only picking the items in that zone, orders are moved from one zone to the next (usually on conveyor systems) as they are picked (also known as “pick-and-pass”).