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Bullwhip Effect: An Severe improve in the supply posture upstream inside of a source chain created by a little transform in demand downstream in the provision chain. Inventory can speedily move from remaining backordered to remaining in surplus.
Accumulate Freight: Freight payable into the carrier for the port of discharge or ultimate vacation spot. The consignee does not pay out the freight charge If your cargo doesn't arrive at the vacation spot.
Competitive Gain: Worth established by an organization for its consumers that Plainly distinguishes it with the Competitors, presents its customers a cause to remain faithful.
Organization Software Integration (EAI): A computer phrase to the instruments and approaches Utilized in linking ERP and other company programs together. Linking techniques is essential for e-company. Gartner says "firms applying enterprise purposes expend a minimum of thirty% on stage-to-level interfaces."
ABC Analysis: A classification of things in an inventory In accordance with importance defined with regards to conditions including revenue quantity and purchase volume.
Conceptualized useful link in India, the program complements Maersk’s international technological ecosystem and open up innovation initiatives.
Component: Content that will get more lead to your finished item but is not the concluded merchandise alone. Illustrations include tires for an auto, power source for your pc, or simply a zipper for the ski parka.
The ATA does an excellent job in laying out the facts, projections, and likely solutions, too. Do yourself a favor, choose some time to read this analysis and turn out to be A part of the solution, not Element of the continuing trouble.
Chargeable Fat: The cargo bodyweight used in figuring out freight fees. The chargeable fat will be the dimensional body weight or, for container shipments, the gross fat in the cargo significantly less the tare fat with the container.
Chain of Customers: The sequence of shoppers who, subsequently, consume the output of each other, forming a sequence. For example, men and women are buyers of the Division retail outlet which consequently is the customer of the producer that's the customer of a cloth supplier.
Estimates on the expense of the container transport marketplace meeting the mandate vary from $five billion to tens of billions of dollars, but ocean carriers are uniform regarding 1 facet of this considerably bigger Expense.
Comparative Advantage: A basic principle dependant on the belief that a location will focus on creating merchandise for which it's got the best benefit or the least comparative downside.
Cross Shipment: Material stream activity where by products are delivered to prospects from a secondary transport point rather than from a preferred delivery stage.