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Logistics glossary

Here you find current terms and concepts in Supply Chain.

A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | X | Y | Z

 

ABC Classification

A classification of a group of items in decreasing order of annual dollar volume or other criteria. This array is then split into three classes called A, B and C. The A group represents 10-20 % by number of items and 50-70 % by projected dollar volume. The next grouping, B, represents about 20 % of the items and about 20 % of the dollar volume. The C class contains 60-70 % of the items and represents about 10-30 % of the dollar volume.

 


Activity Based Costing (ABC)

An accounting system that attributes costs to activities, objects and processes to support accurate product and process costing. The methodology for accounting also measures the cost and performance of specific activities performed in an organization.

 


Air Cargo

Freight that is moved by air transportation.

 


Air Container

Container conforming to standards laid down for air transportation.

 


Air Waybill (AWB)

Air consignment note. A document made out by or on behalf of the carrier(s), confirming receipt of the goods by the carrier and evidencing the contract between the shipper and the carrier(s) for the carriage of goods by aircraft as described therein.
  


ANSI (American National Standards Institute)

A non-profit organization chartered to develop, maintain, and promulgate voluntary U.S. national standards in a number of areas, especially with regards to setting EDI standards. ANSI is the U.S. representative to the International Standards Organization (ISO).		  

 

Articles Dangereux de Route (ADR)

A European agreement concerning the international carriage of dangerous goods by road.

 


ASCII

American Standard Code for Information Interchange; ASCII format – simple text based data with no formatting. The standard code for information exchange among data processing systems. Uses a coded character set consisting of 7-bit coded characters (8 bits including parity check).

 


Assemble To Order (ATO)

A type of manufacturing that converts lower-level components and raw materials to a predetermined level of manufacture and assembles or configures to customer order upon receipt or order.

 


Audit

A methodical examination and review of a situation or condition (as within a business enterprise) concluding with a detailed report of findings.

 


Automated Guided Vehicle System (AGVS)

Unmanned vehicles equipped with automatic guidanceequipment which follow a prescribed path, stopping ateach machining or assembly station for automatic ormanual loading and unloading of parts

 


Automatic Identification (Auto ID) 

A means of identifying an item by machine and enteringthe data automatically into a computer.The most widely used technology at present is barcode: others include optical character recognition (OCR), radio frequency (RF) and voice systems.

 


Average Inventory

The average inventory level over a period of time.

 

 

 

 

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