Deregulation: Revisions or complete elimination of economic regulations controlling transportation. 2) A by-product of a process or task with unique characteristics requiring special management control. All you need to do is monitor your assortment from one easy-to-use portal. Commodities Clause: A clause that prohibits railroads from hauling commodities that they produced, mined, owned, or had an interest in. Point of Use Delivery: Delivery right to the production floor of an item. Acquisition Cost: In cost accounting, the cost required to obtain one or more units of an item. Field Service Parts: Parts inventory kept at locations outside the four walls of the manufacturing plant (i.e., distribution center or warehouse. Port of Loading : Port where cargo is loaded aboard the vessel. Activity Level: A description of types of activities dependent on the functional area. Call Center: A facility housing personnel who respond to customer phone queries. SMART: See Specific, Measurable, Achievable, Realistic, Time Based. Unplanned Order: Orders which are received that do not fit into the volumes prescribed by the plans developed from forecasts. Value Analysis: A method to determine how features of a product or service relate to cost, functionality, appeal and utility to a customer (i.e., engineering value analysis). Rules: Documented definitions of how work is to be performed. Also see: Inventory Turns. LeadSift is a B2B intent data provider that helps organizations identify and prioritize the prospects and accounts they should be targeting. Outsource: To utilize a third party provider to perform services previously performed in house. Also see: ABC Classification, Pareto. SCEM: *See Supply Chain Event Management (SCEM). Exclusive Patronage Agreements: A shipper agrees to use only a conference's member liner firms in return for a 10 to 15 percent rate reduction. Inland Bill of Lading: The carriage contract used in transport from a shipping point overland to the exporter's international carrier location. Also see: Forecast. Dangerous Goods: Articles or substances capable of posing a significant risk to health, safety, or property, and that ordinarily require special attention when transported. To illustrate: advanced casting processes for making steel require the integration of machine design with sophisticated sensors to track temperature and speed, and the sensors require mathematical modeling of heat transfer. FTZ: See Foreign Trade Zone and Free Trade Zone. See Zone Picking. It is often referred to as an actual demand to distinguish it from a forecasted demand. As a further illustration: consider a computer company that allows customers to configure a complete computer from a selection of standard components. Manufacturing Planning - MRP, production scheduling, tracking, manufacturing engineering, manufacturing documentation management, inventory/obsolescence tracking. For-Hire Carrier: A carrier that provides transportation service to the public on a fee basis. Various forecasting techniques attempt to predict one or more of the four components of demand: cyclical, random, seasonal, and trend. Goods: A term associated with more than one definition: 1) Common term indicating movable property, merchandise, or wares. Multiple-Car Rate: A railroad rate that is lower for shipping more than one carload at a time. The supplier is considered an extension of the buyer's organization. The term is usually associated with Motorola which named one of its key operations initiatives Six-Sigma Quality. Committee of American Steamship Lines: An industry association representing subsidized U.S. flag steamship firms. Bill of Material Accuracy: Conformity of a list of specified items to administrative specifications, with all quantities correct. ITE is a more precise term, connoting many-to-many transactions, whereas the others do not specify the transactions. Center-of-Gravity Approach: A supply chain planning methodology for locating distribution centers at approximately the location representing the minimum transportation costs between the plants, the distribution centers, and the markets. Support Costs: Costs of activities not directly associated with producing or delivering products or services. Cost and Freight (C & F): The seller quotes a price that includes the cost of transportation to a specific point. Also see: Fourth Party Logistics. Changeovers usually lead to downtime and for the most part, companies try to minimize changeover time to help reduce costs. Component: Material that will contribute to a finished product but is not the finished product itself. Examples include manufacturing of products and call center/customer support. 7. A manufacturer that decides to begin producing parts, components, and materials that it normally purchases is said to be backward integrated. Free Along Side (FAS): The seller agrees to deliver the goods to the dock alongside the overseas vessel that is to carry the shipment. Finished Goods Inventory (FG or FGI): Products completely manufactured, packaged, stored, and ready for distribution. Drayage agents usually handle full-load containers for ocean and rail carriers. CPFR is considered a standard, endorsed by the Voluntary Inter-Industry Commerce Standards. Commercial zone: The area surrounding a city or town to which rate carriers quote for the city or town also apply; the ICC defines the area. Double Bottoms: A motor carrier operation that involves one tractor pulling two trailers. Financial Responsibility: Motor carriers must have bodily injury and property damage (not cargo) insurance of not less than $500,000 per incident per vehicle; higher financial responsibility limits apply for motor carriers transporting oil or hazardous materials. Logistics line functions include traffic management, inventory control, order processing, warehousing, and packaging. Actual demand nets against or consumes the forecast, depending on the rules chosen over a time horizon. Granger Laws: State laws passed before 1870 in Midwestern states to control rail transportation. Logistics management activities typically include inbound and outbound transportation management, fleet management, warehousing, materials handling, order fulfillment, logistics network design, inventory management, supply/demand planning and management of third party logistics services providers. Free of Particular Average: See Marine Cargo Insurance (FPA). Dumping: When a product is sold below cost in a foreign market and/or when a product is sold at a lower price in the foreign market than in a domestic market, with the intention of driving out competition in the foreign market. This practice can help assure contract compliance and facilitate automated payments (self billing). Over, Short, and damaged (OS&D): This is typically a report issued at the warehouse when goods are damaged. Distribution Resource Planning (DRP II): The extension of distribution requirements planning into the planning of the key resources contained in a distribution system: warehouse space, workforce, money, trucks, freight cars, etc. Terms and Conditions (T's & C's): All the provisions and agreements of a contract. Cost Element: In cost accounting, the lowest level component of a resource activity, or cost object. Leverage can be financial or technological. Offshore: Utilizing an outsourcing service provider located in a country other than where the client is located. This should be based on your company's own cost of capital standards using the following formula. Dock Receipt: A document used to accept materials or equipment at an ocean pier or accepted location. Cab Extenders: Also called gap seals, which help to close the gap between the tractor and the trailer. Field Service/Support - Field service, customer and field support, technical service, service/call management, returns, warranty tracking. Costs for any outsourced IT activities should be included. SWOT analysis is useful in developing strategy. External Factory: A situation where suppliers are viewed as an extension of the firm's manufacturing capabilities and capacities. 1. (Example: purchased parts, solder, SMT glues, adhesives, mechanical parts, bill-of-materials parts, etc.). 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