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W
A comprehensive analysis of the various components, offerings, and undertakings necessary to meet the terms and conditions stipulated in a contractual agreement.
Partially finished goods in the production process that have undergone some processing but are not yet ready for final assembly or shipment.
X
The American National Standards Institute (ANSI) standardizes the interindustry electronic transfer of business transactions.
Y
A software application used to manage the movement and storage of trailers and containers in the warehouse yard, improving yard efficiency and reducing wait times.
The ratio between the output that may be effectively utilized from a given process and the input provided to that process. The acronym "YMS" refers to Youth Mobility Scheme.
A pricing strategy used to maximize revenue by adjusting prices based on demand fluctuations and capacity constraints, commonly used in industries such as airlines and hospitality.
Toyota has embraced the concept of horizontal movement of information and knowledge inside its organizational framework, employing a specific word to encapsulate this notion. Yokoten can be conceptualized as a reciprocal process, necessitating purposeful engagement from both individuals seeking to acquire and cultivate knowledge, as well as those who stand to gain from a deeper comprehension of the prerequisites for achieving success.
Z
The notion of a corporation striving to function without any inventory on hand by effectively aligning manufacturing and supply chain operations with real-time client demand.
The budgeting strategy necessitates managers to thoroughly justify and evaluate each item independently, without relying on prior budgets as a reference point. This methodology aims to cultivate cost discipline and enhance operational efficiency.
One approach to enhance the efficiency and speed of order picking is the subdivision of a picking list based on different sections within a storehouse. In order to fulfill a zone-picked order, it is necessary to consolidate the individual components into a single site prior to delivery. Alternatively, the components may be supplied to distinct locations, such as work centers.
When utilizing the services of the United States Postal Service, it is advantageous to deposit mail at a facility that is situated one or more zones in proximity to the intended destination. This particular choice would be advantageous for customers who are located near a zone border or who are sending large enough quantities to compensate for any higher transportation expenses.
Railway companies are authorized to increase their rates based on a percentage increment in the railroad cost index as set by the Interstate Commerce Commission (ICC). Specifically, charges are allowed to be raised by 6% annually until the year 1984, and then by 4% thereafter.
Motor carriers are authorized to adjust their rates by up to 10% within a single year without intervention from the Interstate Commerce Commission (ICC). When the rate change falls within the designated zone of freedom, it is assumed to be justifiable.
The concept of a zone or limit exists in the aviation industry, wherein air carriers are granted the authority to modify their rates without undergoing regulatory scrutiny. As long as the rate adjustment falls within this designated zone, it is assumed to be acceptable.
The area in a company's supply chain where the capabilities of the supply chain match the "qualifiers" and "winners" of the business strategy.
The uniform pricing of a product across all geographical regions within a given zone.
C
Consignment inventory refers to a business arrangement in which a supplier or manufacturer entrusts their products to a retailer, who agrees to
E
A web-based platform that facilitates the exchange of goods and services by enabling individuals or corporations to either offer their own products and services or submit bids to purchase items or services. An instance of a consortium in the automotive industry is Covisint, which also serves as the designated name for the respective automotive eMarketplace.
M
Mobile commerce applications encompass the use of mobile phones as a medium for executing financial transactions. Generally, this involves making a payment in the form of currency in return for goods or services, or performing an electronic transaction to transfer funds. Electronic commerce applications involve the execution of financial transactions, including the transfer of funds between accounts and the facilitation of payments for a wide range of purchases. The emergence of electronic commerce as a rapidly growing domain has been facilitated by improvements in the mobile sector, such as the incorporation of dual slot phones, more intelligent terminals, and the establishment of standardized protocols. These technological advancements have facilitated increased levels of involvement, hence resulting in the delivery of more advanced services.
T
The overall duration encompassing the period from the collection of a shipment to its final delivery.
