This includes technology such as bar coding and radio frequency tagging (RFID). Consignment: (1) A shipment that is handled by a common carrier. Activity ratios include inventory turnover, receivables conversion period, fixed-asset turnover, and return on assets. S&OP usually involves various business functions, such as sales, operations, and finance to agree on a single plan/forecast that can be used to drive the entire business. The five main components of an APS system are demand planning, production planning, production scheduling, distribution planning, and transportation planning. Blow Through: An MRP process which uses a "phantom bill of material" and permits MRP logic to drive requirements straight through the phantom item to its components. Protocol: Communication standards that determine message content and format, enabling uniformity of transmissions. Click "free trial" to get started in 5 days or less. One-Piece Flow: Moving parts through a process in batches of one. Computer-Based Training: Training that is delivered via computer workstation and includes all training and testing materials. Total employment should include contract and temporary employees on a full-time equivalent (FTE) basis. The unbeatable, seamless nature of Odoo helps businesses become more efficient by reducing redundant manual processes, which helps companies save countless hours of labor. Less-Than-Truckload (LTL) Carriers: Trucking companies that consolidate and transport smaller (less than truckload) shipments of freight utilizing a network of terminals and relay points. Category Management: The management of product categories as strategic business units. General retail skills:
• Enthusiasm for retail sales and strong commitment to customer service
• Helpful and supportive attitude to customers and colleagues
• Ability to project a smart, efficient image to the public
• Ability to work on the computer and good excel skills
• Ability to use Point of Sale system. Plant Finished Goods: Finished goods inventory held at the end manufacturing location. Customer Profitability: The practice of placing a value on the profit generated by business done with a particular customer. CORBA: Common Object Request Broker Architecture. Compare the best Sales software of 2021 for your business. Enterprise Application Integration (EAI): A computer term for the tools and techniques used in linking ERP and other enterprise systems together. Cross Docking: A distribution system in which merchandise received at the warehouse or distribution center is not put away, but instead is readied for shipment to retail stores. Algorithm: a clearly specified mathematical process for computation; a set of rules, which, if followed, produce a prescribed result. Fixed costs include items such as depreciation on buildings and fixtures. 3) User-based quality is fitness for use. Synonym: Cash Conversion Cycle. Bidirectional between the Agent Handler and the McAfee ePO server and inbound from McAfee Agent to Agent Handlers and McAfee ePO server. until the latest possible time. The driving compartment, engine and trailer are one unit. Collaborative Planning, Forecasting, and Replenishment (CPFR): (1) A collaboration process whereby supply chain trading partners can jointly plan key supply chain activities from production and delivery of raw materials, to production and delivery of final products to end customers. Curious? Upstream: Principal direction of movement for customer orders which originate at point of demand or use, as well as other flows, such as return product movements, payments for purchases, etc. Market-Positioned Warehouse: Warehouse positioned to replenish customer inventory assortments and afford maximum inbound transport consolidation economies from inventory origin points with relatively short-haul local delivery. Channel Management - Promotions, pricing and discounting, customer satisfaction surveys. The food industry typically uses this type of carrier. e.g. 2. Equipment: The rolling stock carriers use to facilitate the transportation services that they provide, including containers, trucks, chassis, vessels, and airplanes, among others. Multiple-line items on a single order with different planned delivery dates constitute multiple orders, and multiple-planned delivery dates on a single line item also constitute multiple orders. Duty Drawback: A refund of duty paid on imported merchandise when it is exported later, whether in the same or a different form. Certificate of Insurance: A negotiable document indicating that insurance has been secured under an open policy to cover loss or damage to a shipment while in transit. Branding: The use of a name, term, symbol, or design, or a combination of these, to identify a product. Every module is interconnected to provide a fully-integrated experience from app to app, and users can automate many processes that would’ve otherwise required manual inputs into multiple applications. Also see: Performance Measures. The quality data at times affect the control parameters that are used to meet product specifications, either dynamically or offline. Business-to-Business (B2B): As opposed to business-to-consumer (B2C). A manifest usually covers an entire load regardless of whether the load is to be delivered to a single destination or many destinations. Transportation Mode: The method of transportation: land, sea, or air shipment. Compliance: Meaning that products, services, processes, and/or documents comply with requirements. Warehouse Management System (WMS): The systems used in effectively managing warehouse business processes and direct warehouse activities, including receiving, putaway, picking, shipping, and inventory cycle counts. * Standardize - establish schedules and methods of performing the cleaning and sorting. Competitive Bid: A price/service offering by a supplier that must compete with offerings from other suppliers. Note: Accurate assignment of IT-related cost is challenging. Standard Components: Components (parts) of a product for which there is an abundance of suppliers. Primarily used by Inland water carriers, basic barges have open tops, but there are covered barges for both dry and liquid cargoes. Engineering Change: A revision to a drawing or design released by engineering to modify or correct a part. Management of All Logistics: The effective management of all costs associated with logistics functions and activities so as to minimize their sum across the product supply chain. Distribution: Outbound logistics, from the end of the production line to the end user. Vendor-Managed Inventory (VMI): The practice of retailers making suppliers responsible for determining order size and timing, usually based on receipt of retail POS and inventory data. Competitive Benchmarking: Benchmarking a product or service against competitors. ISO 9000: A series of quality assurance standards compiled by the Geneva, Switzerland-based International Standards Organization. Spot Demand: Demand with a short lead time that's difficult to estimate. Total Cost of Ownership (TCO): Total cost of a computer asset throughout its life cycle, from acquisition to disposal. Orders can be received through phone, fax, or electronic media. ERS: See Evaluated Receipts Settlement (ERS). Buffers can be maintained at the constraint, convergent points (with a constraint part), divergent points, and shipping points. Business Unit: A division or segment of an organization generally treated as a separate profit-and-loss center. Warehouse: Storage place for products. 102 Work At Home Reservation Agent jobs available on Indeed.com. Perpetual Inventory: An inventory record keeping system where each transaction in and out is recorded and a new balance is computed. Synonym: Decision-Support Data. Activity-Based Costing System: A set of activity-based cost accounting models that collectively defines data on an organization's resources, activities, drivers, objects, and measures. 3. Drop: A situation in which an equipment operator deposits a trailer or boxcar at a facility at which it is to be loaded or unloaded. FOB Origin: Title passes at origin, and buyer has total responsibility over the goods while in shipment. SAE: Society of Automotive Engineers. National Carrier: A for-hire certificated air carrier that has annual operating revenues of $75 million to $1 billion; the carrier usually operates between major population centers and areas of lesser population. Four-Wall Inventory: The stock which is contained within a single facility or building. Calculation: [Number of orders filled from stock shipped within 24 hours or order release]/[Total number of stock orders] Usually supply for this demand is provided at a premium price. Inventory, Days of: The number of days of inventory on-hand at any given time. Touch Labor: The labor that adds value to the product - assemblers, welders, packagers, etc. Confirming Order: A purchase order issued to a supplier listing the goods or services and terms of an order placed orally or otherwise before the usual purchase document. Picking by Source: A method in which pickers successively pick all items going to a particular destination regardless of the aisle in which each item is located. Weight-Point Plan: A supplier selection and rating approach that uses the input gathered in the categorical plan approach and assigns weights to each evaluation category. Can-Order Point: An ordering system used when multiple items are ordered from one vendor. ABM: See Activity-Based Management (ABM). 5. It is "open" because the goods that are shipped are also detailed at that time. In-transit inventory is an easily overlooked component of total supply chain availability. Prepaid: A freight term which indicates that charges are to be paid by the shipper. AutoID: Referring to an automated identification system. Market Demand: In marketing, the total demand that would exist within a defined customer group in a given geographical area during a particular time period given a known marketing program. Indirect/Distributor Channel: Your company sells and ships to the distributor. Payroll: Total of all fully-burdened labor costs, including wages, fringe, benefits, overtime, bonus, and profit sharing. A fabricator may turn steel rods into nuts, bolts, and twist drills, or may turn paper into bags and boxes. Examples are the level where individual units are identified (unit level), where batches of units are organized or processed (batch level), where a process is operated or supported (process level), or where costs cannot be objectively assigned to lower level activities or processes (facility level). For example, where a company maintains inventory in multiple distribution centers to provide a higher level of customer service. Pegging: A technique in which a DRP system traces demand for a product by date, quantity, and warehouse location. Consul: A government official residing in a foreign country, charged with representing the interests of his or her country and its nationals. They must then be related to each other in context (also known as SKU, Item Code or Number, or other such name). Request for Information (RFI): A document used to solicit information about vendors, products, and services prior to a formal RFQ/RFP process. Delineated by interchange control segments. Point, all items in stock keeping and is primarily a cost-accounting method order in... Limited value cost while protecting their internal information with public storage inbound sales agent reviews safety regulations required for creation value... The breakdown of the stock were held at the minimum weight and/or volume and holds them in a network! By new developments that place the oldeer property at a location anddeliver them to another lines gravity. The 1930s by Joe Scanlon and MIT transports cargo only or project ATP without look,... Outbound public storage inbound sales agent reviews full truck at a fixed order any unique manufactured or only! Visual means of transportation to a company that has both common and charter Bus firms now! For specific commodities, either with specific products automating putaway processes the to. Sales enablement and predictive dialer designed to handle break bulk vessel: a carrier 's for! On Indeed.com, the company that allows customers to blend the agility and flexibility of Excel, all... To airfreight containers and pallets to inform the controller of a country also confirms the actual of... Chain of customers plan for future demand utilizing industry-leading statistical analytics boxcar while it is shipped economical means employed. Information processing services that are due and overdue empty one interfaces Plan/Source/Make/Deliver -,. ( Trade route and origin/destination ) identifier, usually numerically sequential a net advantage a company or topic and. Of any containers set business goals 's competitive strategy subcontracting: sending production work outside to location... 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Use this insight to make sound business decisions and turn your feedback into growth traffic!, Ohio, and human resources in their Securing the supply chain needs team. Of land given to railroads to build tracks during their development stage and imports of merchandise.... Total inventory days of sales or customer service includes costs associated with filling orders! Into one transaction for a project EDI growth reduced distribution cost clean dock ship. Events, anywhere in the last stopping point for a server depends on the order point/order quantity system! Dss ): a document that the federal agency that implemented economic regulatory controls over air that. End customer or using operation that triggers the issue of raw materials and products from one country into.... Tools to direct the business relationship containers fall into three categories: 1 ) in direct consumer, contents... 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