Audit Path: Handbook or computerized tracing on the transactions affecting the contents or origin or perhaps a document.
Price and Freight (C & F): The vendor rates a rate that includes the cost of transportation to a selected point. The customer assumes duty for loss and damage and pays to the coverage in the shipment.
CAPEX: A phrase utilized to describe the monetary necessities (Cash EXpenditure) of the initial investment decision in new devices or machines.
Popular Carrier: Transportation available to the general public that doesn't present Particular treatment to Anybody celebration and is particularly regulated as on the rates charged, the liability assumed, plus the service furnished.
Dangerous Substance: A compound or materials which the Section of Transportation has decided for being able to posing a hazard to wellness, security, and home when saved or transported in commerce.
Metropolis Driver: A motor carrier driver who drives a neighborhood route as opposed to a long-distance, intercity route.
Cycle Inventory: An inventory system wherever counts are executed continuously, often reducing the need check my source for an yearly Total inventory.
Clearance: A doc stating that a cargo is cost-free to generally be imported in to the state In spite of everything lawful specifications are already met.
Doubles: Double trucks are two 28-foot trailers which are pulled by 1 tractor. Doubles are also generally known as "double bottoms."
Acquire Sharing: A technique of incentive compensation wherever source chain partners share collectively in financial savings from efficiency advancements. The concept offers an incentive to both equally the getting and supplier organizations to give attention to continuously reevaluating, reenergizing, and maximizing their organization romance.
Commuter: An exempt for-use air provider that publishes a time schedule on distinct routes; a Exclusive type of air taxi.
Price Allocation: In accounting, the assignment of prices that cannot be instantly associated with production pursuits view website through a lot more measurable suggests, e.g., assigning company costs to distinct merchandise via direct labor prices or hrs.
Monthly bill of Lading (BOL): A transportation doc that is the contract of carriage made up of the stipulations amongst the shipper and provider.
Action Driver: The most beneficial single quantitative measure in the frequency and depth of the calls for put on an action by cost objects or other functions. It see here now can be used to assign action costs to Value objects or to other actions.