Glossary

A Manufacturing Resource Planning system used for production planning and inventory control with a feedback feature for dynamic adjustments during processes.

See Co-Managed Inventory (CMI).

See Cost and Freight (CFR).

Carbon monoxide (CO). A colorless, odorless, and toxic gas that is predominantly produced by incomplete combustion of carbon-containing materials.

Carbon Dioxide (CO2). Occurs naturally and through burning fossil fuels. Considered a "greenhouse" gas and subject to regulations in many countries.

Water carriers that provide service along coasts serving ports on the Atlantic Ocean, Pacific Ocean, and the Gulf of Mexico.

Numeric or alphanumeric text for exchanging commonly used information such as commodity codes and carrier codes.

A strategic relationship where the organizations involved choose to share common aspects of their business, such as supply chain coordination, for mutual benefit.

The process of establishing a new standard. Also, to reduce to a code.

See Container On Flat Car (COFC).

See Cost-of-Goods Sold (COGS).

A business practice where multiple trading partners work together in supply chain (and other) planning to improve customer service and reduce logistics costs.

In trucking, specifies the carrier to be paid upon delivery by the consignee. Is not applicable for ocean freight - not an Incoterm and should not be used.

All documents (such as bills of ladings and commercial invoices) presented to the buyer to receive payment for a shipment.

See Vendor-Managed Inventory (VMI).

A specialized type of aircraft used for carrying unitized cargo loads (packed into specific sized containers) that can be more quickly loaded and unloaded.

Documentation used when more than one mode of transport, and often more than one carrier, is used to move the goods to the final destination.

See Cumulative Lead Time.

Seller created document which includes the name and address of the buyer and seller, the products being shipped, and their value (for customs and other purposes).

A designated area around a city to which a carrier’s rate quote for the city may apply. Also, portions of the U.S. southern border with some limited regulations.

The portion of the production capability that is being used or is planned for use.

Any article exchanged in trade. Often a term applied to raw materials and agricultural products.

A provision of the Hepburn Act (1906) intended to prohibit railroads transporting in interstate commerce commodities they produced, mined, controlled or owned.

The grouping of similiar parts or materials under the control of one buyer for their procurement to support production.

A series of numbers used to identify products by classes and sub-classes. Used in carrier tariffs and for international trade.