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A measurable value that demonstrates how effectively a company is achieving key business objectives. In supply chain, KPIs might measure on-time deliveries, warehouse space utilization, etc.
The procedure of integrating individual components or parts into pre-established units before the commencement of manufacture or the distribution to customers. The utilization of kitting reduces the need for maintaining a stock of completely completed products, but it increases the time and effort required for shipping.
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The software solution provides a means for establishing and recording the most effective strategy for implementing a process or undertaking a task. Additionally, it offers a structured approach for establishing the anticipated duration of a task, as well as tools for organizing tasks and evaluating performance in accordance with defined benchmarks.
The commodities conveyed within a vehicle with the intention of facilitating commercial or logistical activities.
The aggregate sum acquired by incorporating the expenses associated with manufacturing and shipping. The utilization of the laid-down cost idea holds significant value in facilitating comparative analyses.
The transfer of containers from Japan to Europe entails a multimodal process, namely employing the ship-rail-ship technique. This process involves the transference of containers from maritime vessels to railway transportation, then followed by another transference onto maritime vessels for further conveyance to the United States. Railway systems on the Pacific Coast serve as a means of facilitating the transit of containers to an East Coast port. Following this, the aforementioned containers are carried through maritime vessels to multiple destinations around Europe.
During the developmental phase of railroads, land grants were allocated to aid the establishment of railway infrastructure.
The aggregate costs related to a product, encompassing the price of the product itself as well as diverse logistical outlays such as transportation, warehousing, handling, and other pertinent fees. meaning to another word or phrase.
A notable origin-destination coupling, sometimes referred to as a traffic lane, pertains to the linkage between a certain point of origin and a designated destination. The manufacturer, situated in Chicago, is involved in the transportation of goods to a certain destination in New York, so constructing a traffic lane connecting Chicago and New York.
Covered barges, which are loaded onto oceangoing vessels for the purpose of transit to international destinations. The Last In, First Out (LIFO) principle is a widely employed idea within the field of computer science and data structures.
An inventory management method where the most recently received goods are the first to be sold or used, often used in industries with perishable items or changing product specifications.
The final stage of the delivery process, where products are transported from a local distribution center to the end customer's doorstep, often a critical and costly phase in the supply chain.
This organization functions as a mediator for the organization and oversight of many third-party logistics providers, with the objective of delegating logistical operations.
The time it takes for an order to be processed and fulfilled, including the time required for production, transportation, and delivery to the customer.
This measure refers to the time period from when an order is readied for shipment to when the client actually receives the order. The time period that encompasses the entirety of the production process till the product is received by the consumer, which includes the following components:
This study examines the time period from when an order is received to when order entry is completed, the duration from order entry completion to the start of the building process, and the interval from the initiation of the building process to when the order is considered ready for shipment. The time interval between when an order is received to when the order entry process is finished includes the following elements:
A production approach that aims to eliminate waste, reduce inefficiencies, and optimize resources to create a more efficient and cost-effective manufacturing process.
The supply chain model being discussed prioritizes the optimization of efficiency and velocity, typically achieved by the decrease of inventory levels and the associated carrying costs.
The methodology being offered is a dynamic lot-sizing tool that aims to ascertain the most effective order quantity by assessing the relative costs associated with setup (or ordering) and transportation for various lot sizes. The optimal lot size is chosen based on minimizing the gap between the associated expenses, hence identifying the most appropriate alternative.
The methodology being presented utilizes a dynamic approach in order to ascertain the most favorable lot size, considering both the costs connected with placing an order and the costs associated with carrying inventory for each trial lot size. The methodology employed in this technique entails the computation of the unit cost for each deal size. This is achieved by aggregating the ordering cost and inventory carrying cost, and subsequently dividing the resulting total by the number of units in the corresponding lot size. The ideal choice is determined by selecting the lot size that yields the lowest unit cost.
The term "less-than-carload shipment" pertains to a consignment of goods that is of lower dimensions compared to a full rail car load. Less-Than-Truckload (LTL) carriers are transportation businesses that have expertise in the transportation of relatively modest freight loads that do not require the utilization of a full truck.
The term "lessee" pertains to an individual or organization that has been granted a lease agreement.
A lessor is an individual or organization that offers a contractual arrangement for leasing purposes.
A letter of credit is a widely acknowledged commercial instrument that offers the seller reassurance regarding payment. The issuing bank undertakes the responsibility to transfer the funds specified in the letter of credit upon the successful fulfillment of the sales agreement.
The process of explosion can be utilized to increase the size of a diminutive entity. The topic matter may encompass either financial or technological concerns. The focus of investigation pertains to the alphanumeric identification plate that is securely attached to a motor vehicle, often known as a license plate.
The product life cycle, a notion within the realm of cost accounting, comprises the complete lifespan of a product, starting from its initial conceptualization and ending with its withdrawal from the market and final disposal. The product life cycle is characterized by discrete phases, namely research, development, introduction, maturity, decline, and abandonment. The concept of life cycle cost pertains to the aggregate expenditures incurred by a product across its diverse stages.
Vehicles utilized for the specific objective of raising, conveying, organizing, storing, or otherwise manipulating diverse types of freight. Within the domain of material handling, practitioners utilize a wide array of specialized terminology to classify various types of lift trucks. Various terminology are employed to designate specific categories of vehicles, while others are informal colloquialisms or brand names that are sometimes misapplied in the context of trucks. The terminology encompasses a variety of industrial vehicles, including but not limited to industrial trucks, forklifts, reach trucks, motorized pallet trucks, turret trucks, counterbalanced forklifts, walkies, riders, walkie riders, walkie stackers, straddle lifts, side loaders, order pickers, high lifts, cherry pickers, Jeeps, Towmotors, Yale, Crown, Hyster, Raymond, Clark, and Drexel.
A nautical vessel in which the operations of loading and unloading are carried out through the use of cranes and derricks.
A waterborne vessel characterized by a planar underside, designed with a primary focus on facilitating the transportation of goods within harbors or inland water systems.
In the context of a flow shop plan, a designated physical space for the manufacturing of a product is represented graphically as a linear arrangement. In actuality, this may encompass an assemblage of mechanical devices that are interconnected via a network of pipelines or conveyor systems. The discussed manufacturing method relates to the creation of a restricted range of standardized products distinguished by their identical or roughly similar designs. The production volumes exhibit a substantial scale, accompanied by the implementation of specialist manufacturing and material handling machinery. Moreover, it is conventional for all items to undergo a predefined series of activities.
The decision-making areas pertaining to routine operational activities. The responsibilities of the logistics department involve the management of traffic.
The metric under evaluation pertains to the relative worth of raw materials and work-in-process inventory that becomes inoperable as a result of inadequate processing or assembly. This value is expressed as a percentage of the total production value at standard cost.
A shipment that is transported within urban regions covering distances ranging from 100 to 150 kilometers.
International water carriers refer to maritime transportation corporations that engage in operations along pre-established routes based on schedules that are accessible to the public.
The transportation mode utilized to establish connections between different nodes, such as plants and warehouses, within a logistics system.
The computer systems under consideration are independent entities, each affiliated with distinct organizations. These systems are integrated in a manner that enables the seamless flow of updates between them. This scenario can be exemplified by the integration of a client's computer system with that of a supplier, facilitating the direct generation of orders or releases by the customer within the supplier's system.
During the Second World War, the federal government undertook the construction of a pipeline to establish a connection between the cities of Corpus Christi and Houston in the state of Texas.
One hypothetical situation involves the presence of the equipment operator alongside the trailer or boxcar throughout the loading or unloading procedure.
Airline companies adopt a performance indicator called load factor to evaluate operational effectiveness. This metric measures the percentage of an aircraft's seating capacity that is utilized. The calculation is derived by dividing the entire count of passengers by the overall capacity of available seats.
The process of providing a carrier with detailed information and agreed-upon pricing (referred to as the tender) before to scheduling the pickup. This specific technique has the capacity to guarantee compliance with contractual responsibilities and optimize the automated payment process, specifically by employing self-billing technologies.
A reduced fee offered to people or organizations engaged in the process of loading and unloading Less Than Truckload (LTL) or Air-qualified (AQ) cargo.
A local area network (LAN) refers to a data communications network that encompasses a relatively limited geographical area, often extending over a few miles or less. The major objective of this technology is to enhance the exchange of information between computer systems and peripheral devices.
A tariff is implemented for the provision of transportation services between two designated places, which are offered exclusively by a solitary carrier.
The categorization of air carriers applies to the provision of services between locations of varying levels of significance, specifically from regions of lesser relevance to those of greater significance.
The factors that impact the location selection of a facility. The impact of logistics on industrial facilities is of paramount importance.
Locator systems are inventory-tracking systems that provide the allocation of accurate physical locations to inventory items, hence improving tracking capabilities and enabling the storage of products in a random manner. The software's location functionality encompasses a range of complexity, ranging from a simple text field linked to an item that captures a single location, to more sophisticated systems that allow multiple locations per item and enable inventory tracking based on location. Warehouse management systems (WMS) augment the functionalities of locator systems by integrating characteristics that enable the effective coordination of movement across several locations.
The suggested methodology involves clients initiating direct payments to a bank or another financial institution, rather than making direct payments to the invoicing company. Following this, the bank proceeds to assign the funds received directly to the company's account, while providing the company with a detailed record of all the payments received, available in either printed or electronic version.
The primary objective of this study is to examine the daily recording of the time spent by interstate drivers on various activities, including driving, resting, being off-duty, sleeping in the berth, and being on duty without actively engaged in driving tasks.
The process of planning, implementing, and controlling the efficient flow and storage of goods, services, and information from the point of origin to the point of consumption.
The proposed plan entails the deployment of resources throughout the logistics chain to meet its requirements.
The supply chain network comprises several entities engaged in operations such as storage, handling, transfer, transportation, and communication. These entities work together to facilitate the efficient and smooth flow of goods.
The system under consideration is a computer-based platform specifically developed to electronically transmit logistics information.
As per the definition provided by the Council of Supply Chain Management Professionals (CSCMP),
Any business that provides logistics services. This classification includes businesses commonly referred to as third-party logistics providers (3PL), fourth-party logistics providers (4PL), lead logistics providers (LLP), and similar organizations. The scope of services offered may include several facets such as provisioning, transportation, warehousing, packaging, and other associated operations.
The weight is equal to 2,240 pounds.
A set of procedures, including the assignment of unique batch numbers and the monitoring of each batch, are implemented to maintain
The process of ascertaining the quantity of goods to be procured or produced at a specific moment in anticipation of their subsequent consumption or sale.
The lot-sizing technique utilized in this particular context entails the creation of planned orders that are equal to the net requirements for each corresponding period.
The term used to describe an individual who assists a proprietor-operator of a motor carrier in the task of loading and unloading products.
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The concept of minimum planned inventory amount pertains to the designated minimum quantity of inventory that is expected to be upheld at a certain ship-to or selling location. If the projected forecast exceeds the predetermined upper threshold, precedence will be granted to this amount above the anticipated numerical number. The upper limit of stock availability.
Downtime is defined as the duration during which a machine is non-functional and unable to be employed. Downtimes of machines are possible occurrences that may take place during operational periods.
The concept of "remote machine monitoring" pertains to the methodical practice of monitoring machines from a remote location, whereby the state and problems of the machines are reported and rectified automatically or scheduled for repair by the monitoring systems.
The external environment of a corporation comprises a range of aspects that are outside the purview of marketing efforts, including technological advancements, economic situations, environmental elements, and regulatory impacts.
The specialist service provider primarily concentrates on the preparation of mailing goods, encompassing operations such as label application, sorting for bulk rates, bag tag production, and bagging, among other associated activities.
The term is also used in a general sense to refer to the central computer system of an organization. Indeed, the most expansive classification of computer systems manufactured.
1) The aforementioned elements refer to the supply of comprehensive operational and maintenance support, including maintenance supplies, replacement parts, and consumables used in the manufacturing process and related operations. The term typically used to describe the software utilized for the facilitation of asset maintenance and management is Computerized Maintenance Management System (CMMS).
An air carrier that operates under a certification for commercial services and possesses an annual revenue above $1 billion.
A production strategy that typically allows consumers to purchase products that are customized to their specifications. The manufacturer only starts making the product once the order is received.
The decision-making process involved in evaluating the choice between internal manufacturing and external procurement of a certain item. There are several aspects that need consideration when making a selection. These criteria include costs, availability of capacity, possession of proprietary or specialized knowledge, considerations of quality, skill requirements, volume, and scheduling.
The manufacturing process strategy under consideration is initiating the manufacture of a product upon the receipt of a genuine client order or release, rather than relying on a market prediction. In the context of Make-to-Order goods, it has been noted that more than 20% of the value-added activities take place after the order or release has been received. Furthermore, it is crucial to acknowledge that all pertinent design and process documentation is readily available upon receipt of an order.
A manufacturing approach where products are produced based on forecasts and stocked in inventory before customer orders are received.
The manufacturing process being considered entails the ongoing storage of completed products within a defined facility or inventory location. This methodology is employed to efficiently fulfill projected incoming orders or releases, which are determined on the basis of a prediction.
The document offers a thorough record of the particular orders encompassed within a given shipment.
This study examines the average duration of a production process, encompassing both make-to-stock and make-to-order products. Engineering and testing durations are commonly excluded.
A person involved in the activity of selling goods on behalf of several companies, without taking ownership of the products or maybe even physically managing them.
The inventory and production planning operations utilize a unique calendar that allocates consecutive numerical values exclusively to operational days. This facilitates the organization of components and work orders to be executed based on the exact number of workdays that are available.
The current valuation of the "Manufacturing fixed assets" after factoring in depreciation. Several types of equipment are frequently utilized in manufacturing processes. These include surface mount technology (SMT) placement machines, conveyors, automated guided vehicles, robot cells, testers, X-ray solder machines, burn-in chambers, logic testers, automated packing equipment, programmable logic controller (PLC) station controllers, and scanning equipment. Furthermore, the utilization of PWB magazines is also observed in these missions.
The concept of shop floor control comprises a range of programs and systems that are designed to assist both direct and supervisory management over industrial equipment. The aforementioned technologies encompass programmed logic controllers and process control computers. Furthermore, process information systems are utilized for the purpose of gathering historical performance data, which is subsequently utilised in the generation of reports. Graphical representations and alarm systems are employed to deliver real-time information to operational staff regarding the present condition of the facility, together with a concise summary of recent occurrences. Incorporation of a laboratory information management system (LIMS) into the design is a typical practice, alongside the collection of quality control data. The purpose of this Laboratory Information Management System (LIMS) is to establish a correlation between the conditions of a given procedure and the corresponding quality data obtained. Therefore, it is feasible to establish causal relationships. The control parameters used to meet product standards can be modified by quality data, either in real-time or during offline analysis.
The total time required for the manufacturing of a certain product, omitting the time required for lower-level procurement processes. The lead time for make-to-order items encompasses the period starting from the initiation of an order and extending through the commencement of the production process, culminating in the delivery of the final product to the end user. The lead time for make-to-stock products is defined as the time interval between the release of an order for production and the subsequent receipt of the final goods into inventory. This context includes various elements, namely order preparation time, queue time, setup time, run time, move time, inspection time, and put-away time.
This study presents an approach aimed at optimizing the allocation and utilization of resources within a manufacturing company. Ideally, the system should incorporate operational planning at the unit level, financial planning in monetary units, and possess a simulation functionality to efficiently address hypothetical scenarios. The subject matter being examined encompasses a wide range of interrelated processes.
The discussed computer terminology concerns the visual representation of data meant for electronic communication. It encompasses specifications related to its usage and the integration needs of business management systems. The first stage in the construction of a software application's connectivity. Carried out by the functional manager responsible for overseeing a business management system.
The concept of marginal cost pertains to the costs that are accrued in the process of manufacturing each additional unit of output. The concept of marginal cost refers to the change in total variable cost resulting from a one-unit change in production.
The presence of insurance coverage is important in order to effectively manage and reduce the potential risks associated with the loss or damage of cargo throughout the course of its transit via water. The marine Administration (MARAD) is a governmental organization tasked with the oversight and facilitation of the growth and advancement of the marine sector within the United States.
In the realm of marketing, the notion of market potential pertains to the aggregate level of demand that can be expected within a distinct consumer segment situated in a specific geographical area during a predetermined timeframe, under the assumption of employing a pre-established marketing approach.
In this particular context, the term "transportation rating" refers to the limited presence of significant competition encountered by railroads from alternative carriers and modes of transportation for the specific traffic to which the rate is relevant. Based on the provisions of the Staggers Act, it was established that the presence of market dominance would not be acknowledged if the rate fell below the specified levels of 160% in 1981 and 170% in 1983, as measured by the revenue-to-variable-cost ratio.
A group of potential customers displaying discernible characteristics related to demographics, psychographics, lifestyle, geography, benefits, and other pertinent aspects.
The warehouse has been strategically positioned in order to effectively replenish client inventory assortments and enhance the consolidation of incoming transportation, hence leading to cost reductions in the transportation of goods from different inventory sources to the warehouse. Moreover, the warehouse serves as a means to enable local distribution within reduced geographical distances.
The principal strategic alliances. The element indicated above has emerged as a crucial driver of competitive advantage and a barrier to entry in the domain of electronic marketplaces. The primary focus should be on ensuring the involvement of crucial stakeholders, potentially through the provision of equity as a motivating factor.
This particular service is limited to the realm of international trade and is applicable to an entity or organization that possesses specialized knowledge in one or more pre-transportation activities. The activities encompassed in this category may involve the processes of consolidation, packaging, labeling, sorting of items, inspection, storage, and other tasks that are directly associated with these operations. Based on scholarly literature, it has been determined that the phrases "Marshaling Agent," "Consolidation Agent," and "Freight Forwarder" are considered synonymous.
A production approach that combines the efficiency of mass production with the personalization of customized products, allowing companies to meet individual customer demands with minimal inventory.
A large receptacle utilized for the purpose of containing numerous smaller boxes or containers. The utilization of aids facilitates the safeguarding of smaller cartons or packages, hence leading to a decrease in the number of cartons that necessitate handling throughout the material management procedure.
The utilization of the master schedule, alternatively referred to as the top-level schedule, is implemented for the purpose of formulating the production plan inside a manufacturing establishment.
One of the basic elements that comprise the overall expenses associated with managing the supply chain of a firm. The prices include the following components.
The notion of inventory carrying costs pertains to the expenditures accrued by an organization in the process of maintaining and overseeing its inventory. The aforementioned costs involve a range of factors, including but not limited to storage, insurance, obsolescence, and financing. Through the process of analysis
The ratio of the aggregate weight of the specific raw components to the weight of the ultimate product.
The jobs described above encompass the tasks of documenting and distributing component specifications, as well as conducting evaluations with the goal of improving the manufacturability of the item obtained.
The document stated above is a crucial element of the materials information system and functions as a supplementary resource to the product. The Material Safety Data Sheet (MSDS), often furnished by the manufacturer, encompasses extensive information regarding the safety considerations and chemical properties of the product. Moreover, it may include guidance for the proper storage, handling, and disposal of the product for an extended duration, if judged necessary. The Material Safety Data Sheet (MSDS) offers comprehensive information on multiple variables, including the hazardous components of a specific product, protocols for handling incidents such as leaks, spills, and fires, and guidelines for managing instances of improper human exposure to the substance in question.
The expenses associated with various activities, including the identification of suppliers, negotiation and evaluation of contracts, as well as the preparation, filing, and monitoring of purchase orders, encompassing all financial expenditures pertaining to buyer/planner functions.
The efficient management of the physical handling and transportation of goods and commodities, encompassing the entire supply chain from procurement through shipment.
The inbound logistics process involves the methodical management and coordination of the transportation and distribution of products and resources from suppliers to the production process. The discipline of supply chain management involves the systematic organization and control of the flow of resources and products, starting with the procurement stage and continuing throughout the production process.
