Storage and distribution solutions to facilitate an efficient supply chain
Procurement and highly customized, mistake-free projects at scale
You focus on bringing in more sales and we'll handle the rest
Full-service printing and finishing services designed for streamlined distribution
Comprehensive FBA prep services include everything you need to succeed
S
The intrinsic characteristic of a system, encompassing its design, technical support data, and maintenance methods, that enables the identification, containment, and prompt rectification or replacement of any abnormalities inside the system. This encompasses various factors such as diagnostics, prognostics, real-time maintenance data collection, considerations for support during the design phase, support of the design itself, corrosion protection and mitigation, minimizing logistical requirements, and other elements that contribute to creating and maintaining an optimal environment for the development and sustainability of a stable, operational system.
In addition to the relevant charges, motor carriers impose a fuel surcharge, whereas railroads have the authority to levy a surcharge on any joint rate that fails to generate at least 110% of variable cost.
A viable alternative to the concept of an ideal driver, yet strongly associated with it, is represented by the [item], which encompasses the elements of Resource, Activity, and Cost Object. The utilization of a surrogate driver serves the purpose of substantially decreasing the expenses associated with measurement, without causing a substantial decrease in accuracy. For instance, the quantity of production runs does not provide a comprehensive description of the material disbursing activity. However, it can serve as an activity driver if there is a strong correlation between material disbursements and the number of production runs.
Corporate sustainability encompasses the initiatives undertaken by a corporation to conduct its commercial operations in a manner that is both socially and environmentally responsible. The aforementioned components encompass sustainable development, corporate social responsibility (CSR), stakeholder interests, and corporate accountability.
An endeavor that yields advantages to a whole organizational unit, without conferring any direct benefits to a particular cost item. The acronym SWAS refers to a specific concept or term that is not explicitly mentioned in the
A "Swimlane Chart" is a form of business process diagram that is utilized to indicate the department or individual accountable for a specific process or activity. The figure displays the identification of the responsible area or party on the left side, while the processes are arranged from left to right. Lines of connectivity are utilized to illustrate the handoffs between different regions.
A locomotive employed for the purpose of transporting rail cars over small distances within a terminal or industrial facility. Transitioning between companies
The notion of complete integration and real-time interaction among all supply chain processes, wherein modifications made in one area are automatically propagated throughout the whole supply chain.
A sequential arrangement of interconnected activities, wherein each activity is dependent on the completion of its preceding activity before it can commence.
The EDI standard is defined by a set of grammar rules that govern its structure.
A collection of interdependent elements, variables, components, or entities that exhibit functional interconnectedness and mutual relationships.
The decision-making approach prioritizes the total efficiency of the system as a whole, rather than focusing just on the efficiency of its individual components.
T
The procedure involved in formulating a series of strategic plans, such as a production plan, sales plan, marketing strategy, and others. There are two distinct techniques to establishing a connection between tactical plans and strategic plans, namely production planning and sales and operations planning.
The utilization of off-line quality control technologies during the product and process design phases within the product development cycle is a significant topic. The notion, as articulated by Genichi Taguchi, comprises three distinct phases of product design.
The synchronization of production pace with customer demand is a critical component of lean production systems, serving as a fundamental driver of operational efficiency. The calculation involves dividing the available production time by the rate of consumer demand. As an illustration, let us consider a scenario where the demand is 10,000 units per month, equivalent to 500 units per day. The planned available capacity for production, on the other hand, is 420 minutes each day. The takt time is calculated by dividing the total available time in a day, which is 420 minutes, by the desired number of units to be produced in a day, which is 500 units. This results in a takt time of 0.84 minutes per unit. The term "takt time" refers to the average duration within which a unit is expected to exit the manufacturing system, with a specific value of 0.84 minutes.
A physical document utilized by businesses to document the quantity of goods received or shipped, typically by the use of a suitable notation. Tally sheets are frequently incorporated into the permanent inventory records in numerous operational contexts.
A vehicle equipped with two drive axles or a trailer equipped with two axles.
Rail cars that have been specifically engineered to transport large quantities of liquid or gaseous commodities.
The rate has a positive correlation with distance, albeit not in a linear fashion, with regards to the transportation of the commodity.
The mass of a substance can be determined by subtracting the mass of the container when empty from the total mass of the container when filled.
The determination of a target cost involves the deduction of a preferred profit margin from an estimated or market-based pricing, resulting in a desired cost for production, engineering, or marketing purposes. The aforementioned cost may not pertain to the initial production phase, but rather to the projected cost anticipated to be attained during the later stage of production maturity. Target costing is a strategic approach employed in the evaluation of product design, which entails the estimation of a predetermined cost and thereafter developing the product or service to align with this cost.
A tariff imposed by a governing body on commodities being imported or exported from a nation. The terminology is also employed within the realm of transportation to denote the charges and regulations imposed by a carrier for the provision of its services.
One approach to integrating warehouse picking and putaway processes. Warehouse management systems (WMS) refer to software applications that are designed to support and optimize the operations of a warehouse. These systems are used to manage various aspects of warehouse
The process of dividing a task or activity into smaller components.
A constituent element of a product that is characterized by a restricted pool of suppliers. The fabrication of these components poses significant challenges, necessitating a greater investment of time and skill from suppliers compared to the production of ordinary components.
Storage facilities are fitted with temperature control systems in order to safeguard and maintain the quality of temperature-sensitive products, including perishable food items and pharmaceuticals.
The International Chamber of Commerce (ICC) has the power to issue a temporary operating license to a common carrier for a maximum duration of 270 days.
A principle can be defined as a broad and fundamental rule or statement that represents an observable truth. Over the course of time, it has been discovered that there are certain fundamental truths pertaining to the domain of material handling. The principles of material handling are frequently employed in the analysis, planning, and management of material handling activities and systems. At a minimum, these elements establish a fundamental groundwork from which individuals can initiate the development of proficiency in the domain of material handling.
The document that delineates a commercial deal to be executed.
A discounted fee provided in exchange for the party responsible for shipping or receiving the goods submitting or collecting them.
The entirety of the stipulations and arrangements of a contractual agreement.
Strategies for the Manufacturing Process. In the case of Make-to-Stock products, the lead-time originating from
The duration of the consecutive process required for a solitary unit to accomplish all phases of a task.
The production management theory posits that the volume of output is regulated by a set of limitations encompassing work center capacity, component availability, financial considerations, and other relevant factors. The overall throughput is limited by the capacity of the most restrictive restriction, and any surplus capacity or inventory buffers at unrelated work centers are considered wasteful.
The process of organizing and strategizing activities in order to achieve specific goals and objectives.
A service provider that manages all or a significant part of an organization’s logistics requirements and performs transportation, locating and sometimes product consolidation activities.
The company offers a range of logistical services that are available for customers to utilize. Ideally, these services are consolidated or bundled together by the service provider. These companies play a crucial role in enabling the transportation of components and materials from suppliers to manufacturers, as well as the distribution of final products from manufacturers to distributors and retailers. The company offers a range of services including transportation, warehousing, cross-docking, inventory management, packaging, and freight forwarding.
The practice of delegating distribution and logistical functions to an external service provider, enabling firms to concentrate on their primary areas of expertise and decrease operational expenses.
The practice of entrusting a specialized business with the entirety or a significant portion of a corporation's logistical operations. The terminology "third-party logistics" (3PL) was initially employed during the early 1970s to designate intermodal marketing firms (IMCs) inside the realm of transportation agreements. Until that juncture, transportation contracts had exclusively included two entities, namely the shipper and the carrier. With the introduction of Intermodal Marketing Companies (IMCs) as intermediates responsible for receiving cargo from shippers and then delivering them to rail carriers, they assumed the role of a third party within the contractual agreement, commonly referred to as a Third-Party Logistics provider (3PL). The contemporary interpretation of the term "3PL" has expanded significantly, to the extent that in current usage, any business entity providing logistical services for external hire identifies itself as a third-party logistics provider. Ideally, the provider integrates or bundles these services together. The range of services offered by the company includes transportation, warehousing, cross-docking, inventory management, packaging, and freight forwarding. The legislative act of 2008 established that a third-party logistics provider (3PL) is defined as an individual or entity engaged in the routine business practice of exclusively receiving, storing, or transporting consumer products, without assuming ownership of these products.
The practice of transferring the warehousing function from the seller of the products to an external entity.
The fundamental framework and functional operations of an organization; the tripartite hierarchy comprises
A metric quantifying the volume of output in a warehouse, typically measured in terms of weight or the number of units. Additionally, the sum of units received and units supplied, divided by two, is calculated.
The data from multiple days has been condensed and presented in a columnar format. A weekly time interval would encompass all pertinent data for a complete week. In order to facilitate successful Material Requirements Planning (MRP), it is widely acknowledged that weekly time buckets are the most suitable and expansive option, particularly in the foreseeable future.
A policy or guideline is implemented to document the locations where different limits or modifications in operational procedures are enacted. For instance, modifications to the master production schedule can be readily implemented beyond the cumulative lead time. However, alterations inside the cumulative lead time progressively become more challenging, reaching a threshold where resistance to changes is advisable. Time barriers can be employed to delineate these specific junctures.
The value generated by a product through its timely availability to meet consumer demand. Transportation and warehousing are essential components of the supply chain that contribute to the creation of time utility.
The duration between the inception of a product and its subsequent commercial availability. This aspect holds significant importance within highly competitive businesses.
The provision of delivery services ensures that items will be delivered on a predetermined day or within a specified time frame. The concept being referred to is the rate of time or service.
The temporal duration separating the process of product concept development from its subsequent launch into the marketplace. The process encompasses specification development, product development, and the subsequent release to production.
The overall duration encompassing order placement, order fulfillment, and product delivery for an established item, commencing from the moment the customer initiates the order until the customer takes possession of the product.
The time schedules pertaining to the departures and arrivals of various modes of transportation, such as air, bus, and train, are commonly employed for passenger transportation purposes. These schedules provide information regarding the specific times at which vehicles or aircrafts depart from and arrive at their respective origins and destinations.
The freight transportation output is quantified by a metric that takes into account both the weight of the shipment and the distance it is transported. This metric is calculated by multiplying the weight of the shipment in tons by the distance traveled.
The expenses linked to the creation, advancement, and reduction in value of the equipment necessary for manufacturing a procured commodity. A corporation would bear a tooling cost if it were to cover the expenses associated with procuring equipment and/or maintaining it for a contract manufacturer responsible for producing their product. In certain instances, a contract manufacturer may lack sufficient motivation to enhance the quality of their plant equipment to meet the standards set by a company. Consequently, the corporation may assume the financial responsibility of funding the necessary upgrades and maintenance in order to guarantee a high level of quality. The prevalence of this phenomenon may vary across different industries, such as the Chemicals sector.
The monetary value attributed to the entirety of direct materials acquired over the period spanning from January 1 to December 31.
Total annual sales refer to the sum of total product revenue and additional revenues generated after the delivery of products. These additional revenues may include income from maintenance and repair services, royalties, sales of other services, revenue from spare parts, and rental or lease revenues.
The summation of average regular use stock, average lead stock, and safety stock.
The decision-making technique under consideration involves the minimization of total costs while also acknowledging the importance of recognizing other relevant factors.
In the context of cost-volume-profit (breakeven) analysis, the total cost curve is constructed by multiplying the sum of total fixed costs and total variable costs per unit by the quantity of units produced. The point of breakeven amount is reached when the total cost curve and the total sales revenue curve cross. Observation
The comprehensive expenditure associated with a computer asset across its entire lifespan, encompassing the stages of procurement and eventual disposal. The Total Cost of Ownership (TCO) refers to the comprehensive expenses associated with the ownership and maintenance of networked information assets, encompassing both tangible and intangible costs. The category of 'hard' costs encompasses several expenses, including the initial purchase price of the asset, fees associated with implementation, upgrades, and maintenance, as well as costs related to support and disposal. Additionally, license fees, which may be charged upfront or on an annual basis, are also considered as part of these 'hard' costs. The aforementioned expenses are categorized as 'hard costs' due to their palpable nature and ease of quantification.
The mean duration from the initiation of upstream processing to the conclusion of final packaging for shipping operations, along with the authorization for shipment release. The exclusion of work-in-progress (WIP) storage time is recommended.
The aggregate monetary worth of inventory at its standard cost, prior to any provisions made for surplus or obsolete items. This pertains solely to the inventory that is recorded in the financial records and presently possessed by the corporate entity. Excluded from consideration are forthcoming obligations, such as consignments received from suppliers.
The mean duration including all stages of manufacture, excluding packaging and labeling activities, from the initiation of upstream processing through the conclusion of the final manufacturing steps, resulting in a formed product prepared for primary packing. Please exclude the duration of holding, testing, and releasing.
Inventory reserves are allocated for the purpose of addressing obsolescence and scrap. This allocation encompasses products that have beyond their shelf life and are no longer suitable for their intended use. It is important to note that reserves taken for Field Service Parts are not included in this category.
The mean duration including the entirety of the processing activities from the initiation of primary packaging and labeling procedures to the conclusion of the final packaging operations for transportation.
The aggregate worth of transactions conducted with external clients, along with the assessment of transfer prices for intra-organizational transfers, after accounting for any deductions such as discounts, coupons, allowances, and rebates. The revenue recognized in this context encompasses solely the intra-company revenue generated through the transfer of products out of an entity. Additionally, it includes the revenue generated from the sale of installation services when these services are bundled with the end products. Furthermore, the revenue recognized also encompasses leases commenced at the same period as revenue shipments, with revenue being credited at the average selling price.
The sources of money for system integration include royalties, sales of ancillary services, revenue from spare parts, and income from rental or leasing agreements.
The team-based maintenance method is specifically designed to optimize machine availability, enhance machine performance, and improve product quality.
The management method under consideration involves the consistent communication between managers and organizational stakeholders, with the primary objective of highlighting the significance of ongoing quality enhancement.
The cumulative lead time refers to the overall average duration encompassing various stages such as inside-plant planning, supplier lead time (whether internal or external), receiving, handling, and other relevant processes. This time frame starts from the point of demand identification at the factory and extends until the materials are made available in the production facility. The objective is to procure 95% of the dollar value (per unit) of raw materials from both internal and external suppliers.
The duration required for the complete realignment of the supply chain subsequent to the identification of a shift in market demand. Additionally, the capacity of a supply chain to adapt swiftly in accordance with shifts in the marketplace.
The whole expenditure associated with order processing, material acquisition, inventory management, supply-chain finance, planning, and IT expenditures, expressed as a percentage of revenue. The precise allocation of costs associated to information technology is a significant challenge. Activity-Based Costing (ABC) methodologies or conventional procedures can be employed to accomplish this task. Reasonable ways for allocation can include user counts, transaction counts, or departmental headcounts. The primary focus should be on comprehensively documenting all expenses, regardless of whether they are accrued by the survey-conducting company or by a supporting organization acting on behalf of said firm. Empirical evidence-based estimations were acknowledged as a valid approach for evaluating overall performance. All calculations considered the complete weight of actual expenses, including salary, benefits, space and facilities costs, and general and administrative allocations.
The mean duration encompassing the entire process of conducting tests, reviewing documentation, and approving batches, starting from the initiation of manufacturing until the final packaged product is ready for transportation.
In 1978, the Toto Company was granted operating authority as a common carrier by a private motor carrier, allowing them to transport freight for the public on the carrier's backhaul.
The labor force responsible for enhancing the value of the product encompasses several roles, such as assemblers and welders. Indirect resources, such as material handlers who are responsible for moving and staging products, as well as mechanical and electrical technicians tasked with equipment maintenance, are not encompassed under this scope.
1) The characteristic enabling the continuous determination of the whereabouts of a shipment. 2) The process of recording and monitoring the utilization of components, procedures, and substances employed in manufacturing, categorized by batch or unique identifier.
The process of ascertaining the whereabouts of a shipment throughout the duration of its transportation.
The process of monitoring and recording the movement and location of products or shipments throughout the supply chain using technology such as RFID or GPS.
The ratio between the cumulative algebraic sum of the variances between the forecasts and actual values and the mean absolute deviation. The purpose of this indicator is to indicate instances where there may be uncertainty over the accuracy and reliability of the forecasting model.
The process of monitoring and documenting the transit of shipments from their point of origin to their final destination.
Organizations that engage in commercial transactions through Electronic Data Interchange (EDI), wherein they exchange various business documents, including but not limited to purchase orders.
The formal agreement that delineates the mutually agreed-upon terms between electronic data interchange (EDI) trading partners.
The department or function is tasked with the job of organizing the most cost-effective categorization and transportation method for both inbound and outbound commodities and products.
The administration and regulation of various transportation modes, carriers, and services.
A specific variant of containerization that involves the coordination between vehicle and rail transportation.
A tramp ship, which refers to an international water carrier lacking a predetermined itinerary or publicly disclosed timetable, is typically chartered for a specific purpose.
An instance of a fully executed transmission, such as the transfer of an invoice through an Electronic Data Interchange (EDI) network. Similar to its application in data processing, the term "transaction" can encompass many activities such as inquiries, updates, and trade transactions. The term holds significance for operators of Electronic Data Interchange (EDI) services, since they are tasked with the responsibility of interpreting invoices and other pertinent documents.
The business transactions that are frequently employed, such as purchase orders and invoices, are systematically arranged in a formal and structured manner. This arrangement comprises a Transaction Set header control segment, one or more Data Segments, and a Transaction Set trailer Control Data Segment.
A transaction set is identified by a three-digit numerical representation.
The Purchase Order Acknowledgement (855) is a particular type of transaction set that serves the purpose of acknowledging the receipt of an order. Additionally, it contains specific status information such as reschedules, price adjustments, back order situations, and other relevant details.
The transfer pricing refers to the determination of prices for goods or services that are exchanged between different segments within a firm. Transfer price typically encompasses the expenses related to executing the transfer, resulting in item costs that are typically greater compared to those incurred through conventional channels.
An alternative approach to the transportation method in linear programming that takes into account
The movement of inventory between manufacturing and stocking facilities, or between warehouses in a dispersed warehousing strategy, is referred to as inventory in transit.
The overall duration encompassing the period starting from the collection of a shipment through its final delivery.
A transportation service that allows the sender to halt the shipment while it is in progress in order to carry out a specific task.
The software facilitates the conversion or translation of business application data into EDI standard forms, as well as the reverse process.
A logistics infrastructure utilized for the intermodal transfer of cargo between trucks and trains in both directions. The process involves the unloading and palletization of inbound ocean containers or other cargo, followed by the reloading of the palletized items into 53-foot over-the-road trailers. These trailers are then transported via train or road to reach their ultimate destination.
The receipt of a complete message without any detected mistakes is duly acknowledged.
The capacity to acquire information without considering the underlying systems landscape or architecture. One instance could involve an online consumer who use a vendor's website to initiate a purchase and obtain information regarding product availability, which is derived from an external manufacturer contracted by the vendor, as well as shipment details provided by a third-party logistics provider.
A national organization that represents the entirety of the United States. The transportation system, including carriers, users, and the general public, is currently no longer operational.
The performance metric of the logistics service provider/transporter. The lead time required for the product to reach its final destination refers to the duration between the day it departs from the warehouse and the day it arrives at its intended location.
