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A software application that optimizes the planning, execution, and tracking of freight movements, helping companies manage their transportation operations efficiently.
Linear programming is a mathematical method utilized to ascertain the optimal allocation of items for shipping purposes, with the objective of minimizing costs. This methodology is employed to discover the most cost-effective distribution of commodities either from manufacturing plants to warehouses or from warehouses to end customers.
The method or solution that a company uses to move its freight. This can include different modes such as truck, rail, ocean, air, or intermodal.
This study focuses on the establishment and upkeep of an integrated transportation strategy for a supply chain, encompassing the collection and management of pertinent information regarding the overall transportation needs of the supply chain. Additionally, it examines the management of transportation providers, both inside and across companies.
This study examines the optimization systems employed in the assignment of assignments from factories to distribution centers, as well as from distribution centers to stores. The systems integrate various "moves" in order to optimize cost-effectiveness.
The application of computer technology and utilization of existing data in Material Requirements Planning (MRP) and Distribution Requirements Planning (DRP) databases to strategically determine transportation requirements in accordance with the demand in the field.
The subject of discussion is a specific branch of the National Academy of Sciences that is dedicated to the field of transportation research.
The professional association in question serves as a platform for the exchange and examination of transportation concepts and methodologies within the academic and research community.
This encompasses the expenses related to all freight duties that are covered by the company, starting from the point of manufacture and extending to the final client or distribution channel.
The phenomenon of a variable's consistent increase or decrease over a period of time, as exemplified by the fluctuation in demand for a particular product. Trends are employed in the field of forecasting to facilitate the anticipation of temporal shifts in consumption patterns.
This study explores various methodologies for predicting sales data in situations when a clear and consistent upward or negative trend is observed. The models employed in this study encompass double exponential smoothing, regression analysis, and triple smoothing.
Trucking businesses are responsible for the transportation of complete truckloads of freight directly from the point of origin.
A truck consignment that is eligible for a reduced transportation cost due to its adherence to a specified minimum weight and/or volume requirement.
Oil pipelines are utilized for the transportation of crude oil, refined oil, and various liquid goods over significant distances.
The term "typically" is commonly used to denote the concept of Inventory Turnover. In the United Kingdom and other select nations, the term "turnover" denotes the total sales volume achieved within a certain fiscal year.
The standard unit for quantifying containers of diverse sizes and for characterizing the capacities of container ships or ports. A single 20-foot ISO container is equivalent to one twenty-foot equivalent unit (TEU). A single 40-foot ISO container is equivalent to two twenty-foot equivalent units (TEU). A standard 20-foot container normally measures 8.5 feet in height and 8 feet in width outside, with an internal capacity of 1170 square feet.
The value of Three Sigma is 66,800 per one million units.
The utilization of a planning bill of material to effectively master schedule an end product or a group of related products, incorporating specific essential features such as choices and accessories.
The inventory ordering system incorporates a mechanism to determine the optimal timing for placing an order for a certain item.
Metrics that are strategically coordinated and interconnected with the operational activities of frontline personnel.
U
The user interface (UI) is a crucial component of software systems, serving as the primary means through which users interact with the system
A ubiquitous raw material that is present in all geographical regions.
One rate-making approach employed by the ICC involved the establishment of specific rate levels in order to safeguard the transportation of goods via an alternative mode.
The phenomenon in which the disbursement of payment occurs independently from the corresponding information or particulars.
A collaborative forecasting process that integrates data from multiple sources and stakeholders to create a single, accurate demand forecast used for planning and decision-making across the supply chain.
The United States association responsible for the administration of Universal Character Set (UCS), Worldwide Interoperability for Microwave Access (WINS), and Vehicle identifying Coding System (VICS), as well as the provision of UCS identifying codes and Universal Product Codes (UPCs). Moreover, it is essential to establish a comprehensive framework of legal regulations that control all aspects of commercial transactions, including sales, contracts, bank deposits and collections, commercial paper, and letters of credit. The legal authority of the Uniform Commercial Code (UCC) is conferred upon individual states by the adoption of its articles of legislation.
The grocery sector utilizes a standardized collection of transaction sets that facilitate the electronic exchange of papers between trading partners, enabling a computer-to-computer, paperless communication system. Electronic Data Interchange (EDI) is a highly efficient and cost-effective means of commercial communication, offering speedy and precise data exchange. This technology is applicable to firms of diverse sizes and technical capabilities.
The retail industry has a conventional system for product numbering and bar coding. The administration of UPC codes falls under the jurisdiction of the Uniform Code Council. These codes serve the purpose of identifying both the manufacturer and the specific item, and are commonly found on nearly all forms of retail packaging.
A character sequence that provides the network location of a website or online resource on the global information system known as the World Wide Web, in addition to specifying the communication protocol used to reach the said site or resource. The predominant form of URL is http://, which serves as a means to specify the Internet location of a webpage. Another sort of URL that exists is gopher.
The legislative enactment that establishes the rules and provisions governing the operations and management of public warehousing facilities. The regulations establish the legal obligations of a warehouse manager and delineate the many categories of receipts that are issued.
The financial expenditure linked to the production of a singular unit of a product. The cost per unit is determined by dividing the overall cost of production for a certain product or service by the total number of units produced. The expense related to an individual unit of measurement that underlies a resource, activity, product, or service. The calculation is derived by dividing the aggregate cost by the quantified volume. The utilization of unit cost measurement necessitates careful consideration due to its potential impracticality and lack of relevance in certain areas of cost management.
A continuous and unbroken movement of a locomotive, cars, and a caboose, routed between a singular point of origin and a designated destination.
The shared element among clusters of analogous activities.
The unit by which the quantity of an object is controlled, such as pounds, individual units, a box containing 12 items, a package containing 20 items, or a case containing 144 items. Multiple units of measurement (UOMs) may potentially be associated with a single item. As an illustration, a product has the potential to be procured in bulk quantities, stored in containers, and distributed individually.
The conversion ratio is employed in situations where different units of measurement are utilized for the same item. For instance, in the scenario where a product is acquired in cases as indicated in the purchase order, rather than individual pieces, and subsequently stored as individual units, a conversion is necessary to enable the system to determine the quantity of individual units corresponding to a certain number of cases. In this manner, upon receiving the cases, your system would autonomously convert the quantity of cases into individual units.
The collaborative development of the project was undertaken by the United Nations in conjunction with Dun & Bradstreet (D&B). The coding structure consists of five levels (segment, family, class, commodity, business function) and encompasses around 9000 goods.
The institution responsible for the planning and allocation of funds for Conrail, which was established with the enactment of the Regional Rail Reorganization Act of 1973.
In the field of warehousing, unit consolidation refers to the process of combining multiple individual units into larger units, resulting in a reduced number of handling operations.
Orders that deviate from the prescribed volumes outlined in the plans derived from projections.
Additional charges are included in a bill, specifically a freight bill, in order to account for unforeseen expenses that were not originally included when the contract was drafted. These expenditures may encompass expenses associated with the escalating prices of fuel or expenses incurred due to governmental regulations.
The act of endeavoring to promote a product of greater value to the consumer.
The duration necessary for the production and transportation of an unforeseen, environmentally conscious augmentation of 20% in the final output of the primary range of products. The primary limitation that is projected to impede a 20% augmentation in the supply of final products, measured in terms of duration, is referred to as Upside Flexibility.
This term pertains to the segment of the supply chain that focuses on the provision of goods or services. Upstream partners refer to the suppliers that furnish the organization with necessary goods and services to meet requests originating from the point of demand or usage. Additionally, they are involved in other related activities such as the return of products and payment for purchases.
The United States possesses an agency. The Department of Transportation is tasked with the development of comprehensive mass transportation networks in urban areas, as well as the provision of financial assistance to transit systems.
The metric used to quantify the level of demand for a product during a specific time frame, such as units per month or any other relevant unit.
V
The concept being referred to is Voluntary Interindustry Commerce Standards (VICS). The CPFR standard is one of the responsibilities of the retail sector standards body. The VICS association is a non-profit organization that aims to assume a leadership position on a global scale in the advancement of business guidelines and specifications. Its primary objectives include promoting the adoption of these guidelines through educational initiatives and evaluating their implementation to enhance the efficiency and effectiveness of the retail supply chain. The ultimate goal is to meet or surpass the expectations of both customers and consumers.
In order to ascertain the suitability of a document for a specific Electronic Data Interchange (EDI) system, as mutually agreed upon by the trading partners, it is necessary to verify whether the document is originating from or destined for an authorized EDI user.
Enhanced value, worth, functionality, or usefulness.
The proposed approach aims to ascertain the correlation between the characteristics of a product or service and its associated costs, functionality, appeal, and utility from the perspective of the consumer. This methodology is commonly referred to as engineering value analysis.
A metric that quantifies the generation of value. The distinction lies in the disparity between economic profit and
A business process can be defined as a sequence of operations that are combined to achieve a specific objective. In the context of the industrial supply chain, this refers to the series of activities that occur from manufacturers to retail stores.
This study proposes a systematic approach for comprehensively identifying the constituent elements inside a firm's activity network, which encompasses the entire supply chain from the initial sourcing of materials and services to the manufacturing and distribution of products and services to the final consumer.
The proposed change is a result of a systematic analysis of the Department of Defense's systems, equipment, facilities, procedures, and supplies. The objective is to achieve the necessary functionality while minimizing the overall cost of ownership, while ensuring performance, reliability, quality, and maintainability requirements are met.
This inquiry pertains to the contributions made by supply chain members to their counterparts within the supply chain. In order to achieve optimal efficacy, the value proposition must encompass a dual-sided advantage, offering benefits to both purchasers and vendors.
The comprehensive set of operations encompassing both value-added and non-value-added tasks involved in transforming raw materials into a finished product, fulfilling client orders from initiation to delivery, and transitioning a design from its conceptual stage to its launch.
A visualization technique used to analyze and improve the flow of materials and information in a supply chain, identifying areas for process optimization and waste reduction.
The aggregate monetary worth, pertaining to the duration of a calendar year, linked to the transfer of inventory across different categories, such as the conversion of raw materials into work-in-process, work-in-process into finished goods, transportation of completed goods from the plant to the field or customers, and the transfer of field finished goods to customers. The determination of the value of transfers is contingent upon the value of inventory that has been withdrawn from a certain category. This assessment is commonly undertaken from a costing standpoint, employing cost accounts. The Raw Materials Value of Transfers refers to the monetary value connected with transfers made from the raw material cost accounts. It is worth noting that cost centers may be linked to inventory locations, but typically, all raw ingredients are accounted for in common cost accounts or can be consolidated into a single financial perspective. Similarly, the aforementioned applies to works in progress (WIP). Examine the cost centers associated with manufacturing operations and analyze the aggregate worth of withdrawals made from these specific cost centers. The Average Gross Inventory signifies the monetary worth of the inventory within the cost center at a specific point in time, whereas the Value of Transfers denotes the overall value of inventory that has been removed from the cost center over the course of the year. Theoretically, the value of transfers for Finished Goods is similar.
A corporate entity that serves as an intermediary for the exchange of electronic transactions among business partners. A third-party vendor that receives Electronic Data Interchange (EDI) transmissions from sending trading partners and stores them at a designated location until they are recovered by the receiving partners.
The employee contribution to the overall revenue generated by the products, after deducting the cost of materials, divided by the total number of employees. Total employment refers to the whole number of individuals who are employed inside the specific company under investigation. The metric being referred to is the mean value of the number of employees working on a full-time basis across various departments and functions inside an organization. These functions encompass sales and marketing, distribution, production, engineering, customer support, finance, general and administrative, as well as other miscellaneous areas. In order to accurately measure total employment, it is imperative to incorporate contract and temporary employees on a full-time equivalent (FTE) basis.
Additional services offered by 3PL providers, such as assembly, packaging, labeling, and product customization, to enhance the value of the product for the end customer.
Evaluating the comparative worth of activities based on their contribution to customer value or fulfillment of an organization's requirements. The extent of the contribution is indicative of the impact exerted by the cost driver(s) of an activity.
Pricing strategies in transportation are often determined by the perceived worth of the goods being transported. This can involve employing various pricing techniques such as third-degree price discrimination, demand-oriented pricing, and charging what the market can handle.
A variable expense is one that varies in direct proportion to the amount or level of company activity. The acronym "VBR" stands for Variable Bit Rate, which refers to a method of
The velocity at which a product traverses a warehouse
The entity responsible for the production or distribution of a specific item or range of products. Additionally, it is worth noting
A distinct identifier, typically in the form of a numerical value, and occasionally the company's DUNS number, designated by a Customer to identify the Vendor from which it procures goods or services. A grocery store chain purchases Oreo cookies from the Nabisco company. The Grocery Store Chain designates Nabisco as Vendor #76091 for the purpose of accounting. It is possible for a single organization to own multiple vendor codes. Welch's Foods offers a diverse range of products for sale. The items under consideration include frozen grape juice concentrate, cooled grape juice, bottled grape juice, and grape jelly. Due to the distinct nature of the products, namely frozen food, chilled food, beverages, and dry food, each item may have a separate buyer at the Grocery Store Chain, hence necessitating distinct vendor codes for each product category.
The adherence of suppliers to a set of standards and requirements defined by the buyer, ensuring that products meet quality, packaging, and labeling specifications.
An inventory management arrangement where the supplier is responsible for monitoring and replenishing stock levels at the customer's location, streamlining inventory management.
Catering exclusively to a particular industry. Vertical portal websites are online platforms that specifically target consumers within a certain industry. These websites can be categorized as sector-specific, akin to the concept of "vertical industry." They function as portals, utilizing Internet technology and employing customization technology to enhance user experience. In addition to industry-specific vertical portals that appeal to customers, an alternative interpretation of a vertical portal pertains exclusively to catering to other businesses.
The extent to which a company has chosen to engage in the direct production of various steps that add value, starting from the acquisition of raw materials and concluding with the sale of the final product to the end consumer. As the number of steps in the sequence increases, there is a corresponding increase in vertical integration. The act of a manufacturer initiating the production of parts, components, and materials that it typically procures is sometimes referred to as backward integration. Similarly, when a manufacturer chooses to assume control of the distribution process, including potential sales to the end customer, it is referred to as forward integration.
The practice of including advertisements within web portals, utilizing pop-up windows, and employing e-mail attachments as a means to promote items or services to individuals who may not have otherwise expressed interest in them.
The natural progression of the concept of outpartnering. The virtual corporation is characterized by the integration of the firm's capabilities and systems with those of its suppliers, leading to the emergence of a novel corporate entity in which the delineation between the suppliers' systems and those of the firm becomes indiscernible. The virtual corporation exhibits dynamism as it adapts its relationships and structures in response to evolving client demands.
The virtual corporation is commonly associated with a modified transformation process. The transformation process entails the integration of the firm's competencies and capacity with those of its suppliers. In general, suppliers tend to deliver components that are unrelated to the firm's key competencies, whereas the firm manages components that are directly associated with its core competences. An advantageous feature of the virtual factory is its ability to swiftly adapt and reorganize in accordance with evolving client expectations and requirements.
The capacity to retrieve or observe relevant data or information pertaining to logistics and the supply chain, irrespective of its location within the chain.
The collective perception of the organization's future, encompassing its envisioned accomplishments and the underlying philosophical framework. The attainment of this collective vision necessitates the backing of strategic objectives, tactics, and action plans that facilitate its progression towards the intended outcome.
Voice command systems that provide guidance to users, specifically warehouse staff.
The articulated demands and anticipations of clientele pertaining to goods or services, as formally recorded and communicated to the constituents of the supplying entity.
W
The lot-sizing technique under consideration is a mathematically intricate and dynamic approach that systematically assesses all feasible ordering options to fulfill net requirements throughout each period of the planning horizon. The objective is to determine the theoretically optimal ordering strategy for the full net requirements schedule.
The utilization of an inventory management strategy wherein raw materials are directly processed within a manufacturing facility, bypassing the need for storage in a designated stock area, resulting in the production of completed items.
A facility designed for the safekeeping and organization of goods and merchandise. The primary operations conducted within a warehouse facility encompass the acceptance of merchandise, its subsequent storage,
The practice of consolidating warehousing functions and operations into a single large facility instead of multiple smaller ones. This can lead to economies of scale and improved operational efficiency.
A software application used to manage and optimize warehouse operations, including inventory tracking, order processing, and warehouse layout planning.
The act of retaining or preserving commodities.
This encompasses the costs associated with materials, labor, and the identification of issues for products that are returned for the purpose of repair or refurbishment.
In the context of Lean and Just-in-Time methodologies, non-value-added activities refer to any processes or tasks that do not contribute to the perceived value of a product or service from the perspective of the consumer. 2) A secondary outcome resulting from a specific process or task, possessing distinct attributes that necessitate the implementation of specialized management protocols. The generation and management of waste may typically be strategically planned and effectively regulated. Scrap material is commonly unplanned and can arise from the same production process as waste.
Barge carriers are subjected to a per-gallon fee for the utilization of waterways.
This study proposes a methodology for the selection and sequencing of picking lists with the aim of minimizing the waiting time associated with the delivery of materials. The process of selecting shipping orders can be organized into waves based on common product, common carrier or destination. Similarly, manufacturing orders can be grouped into waves based on their association with specific work centers.
This document comprises a comprehensive description of the products that constitute a freight consignment handled by a common carrier. This report presents the details regarding the origin and destination of the shipment, as well as the consignee/consignor involved. Additionally, it includes information on the price charged for the transaction. Travel documents accompany merchandise and are kept by the agents responsible for its origin and delivery. The utilization of internal record-keeping and control mechanisms by carriers, particularly during the transportation process, is a common practice. This document does not pertain to a transportation contract.
The term "World Wide Web" is commonly employed in computer science to denote the global interconnected network of computers and information resources accessible via the Internet.
The technologies under consideration, which are dependent on user participation, encompass Web services and peer-to-peer networking.
The client program is responsible for retrieving and presenting various web pages and other resources from the World Wide Web to the end user.
The computer industry refers to information processing services that are outsourced and offered by third-party entities through internet portals as a cloud computing model. Standardized technology communication protocols refer to established sets of rules and guidelines that govern the exchange of information between different devices or systems. Network services, on the other hand, can be seen as a compilation of communication formats or endpoints that possess the capability to transmit and receive messages.
An online destination.
The point at which the charges for less-than-truckload (LTL) shipments are equivalent to the charges for full truckload (TL) shipments, considering the minimum weight requirement. Verification of Weight
The proposed methodology for supplier selection and rating incorporates the data collected through the categorical plan approach, wherein weights are allocated to each assessment category. A weighted summation is computed for each supplier, followed by a subsequent comparison. It is imperative that the cumulative sum of weights assigned to each category equals 100%.
An editing interface is designed to present a file in the same format it will appear when finalized.
A data communications system, whether public or private, designed to connect computers that are dispersed across a vast geographical region.
Web-based services, such as those provided by Wikipedia. Wikis are online platforms that facilitate collaborative publishing, enabling multiple authors to participate to the creation and modification of documents or engage in discussions.
The act of accepting requests for goods or services that will be collected by the purchaser at the designated selling establishment. A designated location within the selling facility where purchasers can retrieve their orders. The utilization of this method is extensively employed within the service parts industry.
The vector graphics format primarily employed for Windows-compatible computers is predominantly utilized for the purpose of word processing clip art.
