Term Explanation Zero Control Control and stocktaking operation to increase the availability of stocks. If following a movement a storage space is empty, it must be checked and advised upon transport acknowledgement that the storage…
Became a retail mastermind you always wanted to be.
Term Explanation Yard Fenced off, outdoor storage and repair area. Yard cart A form of trailer used to transport containers in a yard storage area. Yard classification An area in a railroad yard where freight…
Term Explanation X.400 A CCITT recommendation designed to facilitate international message and information exchange between subscribers of computer based store-and-forward services and office information systems in association with public and private data networks. Relevant to…
Term Explanation WA With average , Term used in shipping and insurance in connection with the apportionment of loss or damage to goods or vehicles/vessels (eg apportionment of loss between joint owners or insurers). Wage…
Term Explanation V2 Take-off speed for an aircraft. Obviously varies with the size and type of aircraft. Vacuum brakes Brakes on (heavy) vehicles operated by vacuum system , as opposed to air. Not found on…
Term Explanation Ubiquity A raw material that is found at all locations at the same time. UCC See Uniform Code Council. UCP 500 See Uniform Customs and Practice for Documentary Credits. UIC See Union Internationale…
Term Explanation Tactical Planning The process of developing a set of tactical plants (e.g., production plan, sales plan, marketing plan, and so on). Two approaches to tactical planning exist for linking tactical plans to strategic…
Term Explanation S&OP See Sales and Operations Planning. SAD Single Administrative Document SAE Society of Automotive Engineers Safety Lead Time A hedge lead time added to the actual or calculated lead time that initiates earlier…
Term Explanation Rack A multi-tier storage system normally designed to handle pallets, cartons or other standard containers and designed for manual or automated pick/putaway access. Radio Frequency (RF) A form of wireless communications that lets…
Term Explanation Qualitative Forecasting Techniques In forecasting, an approach that is based on intuitive or judgmental evaluation. It is used generally when data are scarce, not available, or no longer relevant. Common types of qualitative…
