Clearinghouse: A standard or confined-function entity usually restricted to supplying specialized providers, such as clearing money or settling accounts.
Exempt Provider: A for-seek the services of provider which is free from economic regulation. Vans hauling specific commodities are exempt from Interstate Commerce Commission financial regulation. Definitely, the most important percentage of exempt carriers transports agricultural commodities or seafood.
State-of-the-art Cargo See (ASN): An EDI phrase referring to a transaction set (ANSI 856) in which the provider sends out a notification to intrigued parties that a shipment is now outbound in the availability chain.
Density: A physical characteristic measuring a commodity's mass for every device volume or pounds per cubic foot; a significant Think about ratemaking, since density affects the utilization of the carrier's car or truck.
Certificate of Compliance: A supplier's certification that the supplies or services in concern satisfy specified requirements.
Cash Towards Files (CAD): A technique of payment for goods during which documents transferring title are given to the client upon payment of money to an intermediary performing for the vendor.
Extended Company: The notion that offer chain associates sort a larger entity which works jointly as though it were being only one unit.
Doubles: Double vans are two 28-foot trailers which might be pulled by 1 tractor. Doubles are also referred to as "double bottoms."
Allocation: one) A distribution of charges using calculations That could be unrelated to physical observations or direct or repeatable lead to-and-effect associations.
Consignment Inventory: (1) Items or products which are paid for when they're bought because of the reseller, not at visit this web-site time They're delivered into the reseller. (2) Products or products which might be owned by The seller right until These are bought to The patron.
Council of Supply Chain Management Specialists (CSCMP): The CSCMP can be a not-for-profit professional business enterprise Business consisting of people throughout the environment which have pursuits and/or tasks in logistics and provide chain administration, as well as the similar capabilities that make up these professions.
Export License: A document secured from a authorities authorizing an exporter to export a selected amount of a controlled commodity to a specific region. An export license is frequently required if a govt has put embargoes or other limits upon exports.
Catalog Channel: A phone center or order processing facility that gets orders site web straight from The client dependant on outlined catalog offerings, and ships directly to The client.
Cooperative Associations: Groups of companies or folks getting frequent passions; agricultural cooperative associations could haul up to 25 p.c of their total interstate non-farm, nonmember goods tonnage in actions incidental and needed to their Main business.