Glossary

When a motor carrier has both common and contract carrier operating authority. Carrier can provide service to the general public and private contracted service.

International water carrier pricing system where a shipper signing an exclusive use agreement with the conference pays a 10 to 15 percent lower rate than others.

Selling product below cost in a foreign market and/or selling product at a lower price in the foreign market than in a domestic market to drive out competition.

Packing material used around cargo to prevent damage or material (such as lumber) used to secure the cargo to prevent movement during transport.

Unique, nine-digit series of numerals created by Dun & Bradstreet (D&B), that identifies a business (USA).

A tax imposed by a government on goods imported from another country. The amount depends on the value of the goods, origin country, and type of goods.

Refund of duty paid on imported merchandise when it is later exported (whether in the same or a different form). Can be complex, but yields significant savings.

Area where cargo or goods can be stored without paying import customs duties while awaiting manufacturing or future transport.

See Deadweight Tons (DWT).

Constantly drives process improvement by focusing on the weakest areas for immediate results, focusing on maximum efficiency and schedule adherence.

See Enterprise Application Integration (EAI).

The European Article Number-Uniform Code Council (EAN-UCC). The original name of the barcode standards body currently known as GS1.

Engaging suppliers early in the product design process to draw on their expertise, insights, and knowledge to generate better designs at lower costs.

Indicator of a company's profitability. Calculated as revenue minus expenses excluding tax and interest. Also referred to as operating earnings or operating profit.

See Earnings Before Interest and Taxes (EBIT).

See E-Commerce.

See Engineering Change Order (ECO).

Business conducted online - electronically - via the Internet. Most common types are B2B (Business-to-Business) and B2C (Business-to-Consumer).

Inventory model designed to determine the optimal order quantity to meet demand while minimizing total costs for ordering, receiving, and holding inventory.

Measures a company's financial performance based on the residual wealth calculated by deducting its cost of capital from its operating profit, adjusted for taxes.

Cost advantage that occurs when increased volumes of production reduce unit cost by distributing fixed costs over a larger amount of goods.

See Efficient Consumer Response (ECR).

Acronym for Electronic Data Interchange. An avenue for intercompany communication of business information and documents in a standard format.

See Electronic Data Interchange Association (EDIA).

Electronic Data Interchange For Administration, Commerce and Transport. An international standard developed by the United Nations.