Consular Invoice: A doc, essential by some overseas countries, describing a cargo of goods and showing information and facts like the consignor, consignee, and worth of the cargo. Certified by a consular Formal with the foreign place, it truly is used by the region's custom made.
Barge: The cargo-carrying motor vehicle which may or may not have its have propulsion system for the objective of transporting items. Mainly utilized by Inland water carriers, primary barges have open tops, but you can find lined barges for equally dry and liquid cargoes.
Credit history Level: The quantity of buying credit score a client has accessible. Normally outlined by The inner credit history Section and reduced by any current unpaid charges or open orders.
Barter: The Trade of commodities or expert services for other commodities or expert services in lieu of the purchase of commodities or solutions with cash.
Break-Bulk: The separation of a consolidated bulk load into smaller sized specific shipments for delivery to the final word consignee. The freight could possibly be moved intact inside the trailer, or it may be interchanged and rehandled to connecting carriers.
Consolidation: Combining two or even more shipments as a way to comprehend reduce transportation premiums. Inbound consolidation from vendors is known as make-bulk consolidation; outbound consolidation to prospects known as crack-bulk consolidation.
Attributes: A label applied to supply further classification or details about a source, activity, or Price tag item. Useful for concentrating interest and could be subjective. Examples really are a characteristic, a rating or grade of solution or activity, or groupings of this stuff, and functionality actions.
ABC Classification: Classification of a group of things in reducing get of yearly dollar volume or other requirements. This array is then break up into a few courses identified as A, B, and C.
Collect Freight: Freight payable for the provider within the port of discharge a knockout post or supreme place. The consignee won't spend the freight cost In the event the cargo does not get there within the destination.
Finance Lease: An products-leasing arrangement that provides the lessee with a method of financing for the leased gear; a common system for leasing motor provider trailers.
Bill of Lading (BOL): A transportation doc that is the agreement of carriage containing the conditions and terms amongst the shipper and provider.
Distribution Channel Administration: The organizational and pipeline approach for getting products to consumers. Direct channels require company sales forces, he has a good point services, and/or immediate shipments to consumers; oblique channels require the use of wholesalers, distributors, and/or other functions to produce the products and solutions to buyers. Numerous businesses use equally methods, dependant upon markets and efficiency.
Action-Based mostly Budgeting (ABB): An approach to budgeting in which a corporation utilizes an idea of its things to do and driver interactions to quantitatively estimate workload and useful resource necessities as Section of an ongoing small business prepare.
Constant Replenishment: Continuous replenishment could be the observe of partnering among distribution channel members that modifications the standard replenishment method from distributor-produced order orders determined by financial buy quantities into the replenishment of goods depending on genuine and forecasted product demand.