No vessel of the present fleet in the shipping enterprise has achieved purchaser specifications. Mary Linn, consequently, was regardless of whether ocean carriers should straight away purchase a fresh capsize carrier for being completed in two decades and might be rented to customers.
ABC Stock Management: An inventory Manage solution based on the ABC volume or income earnings classification of products and solutions (A objects are maximum volume or earnings, C - or perhaps D - are cheapest volume SKUs.)
APU: APUs routinely shut down the principle locomotive motor idle though keeping all important primary motor techniques at significantly lessened gasoline consumption
In January 2001, Mary Linn, Vp of Finance for Ocean Carriers, experienced to determine no matter whether to simply accept an supplied leasing agreement for the length of 3 decades. Even so, the corporate doesn't at present have any capesize carriers inside their fleet that satisfies The shopper's needs.
Competitive Bid: A cost/services featuring by a provider that have to contend with choices from other suppliers.
Steady Replenishment Organizing (CRP): A method that triggers the producing and movement of solution in the offer chain if the similar merchandise is ordered by an conclusion consumer.
Containerization: A shipment method during which commodities are positioned in containers, and soon after First loading, the commodities, per se, are not rehandled in shipment till they are unloaded at the vacation spot.
Container Chassis: A auto developed for the goal of transporting a container so that, each this article time a container and chassis are assembled, the developed device serves like a road trailer.
Accounts Payable (A/P): The worth of products and services acquired for which payment has not nevertheless been created.
The container line landscape is continually evolving as sector dynamics existing new difficulties to the field. See how the businesses included have transformed because of mergers and acquisitions considering that 1977.
Benchmarking: The entire process of comparing effectiveness versus the techniques of other foremost organizations for the purpose of increasing functionality. Businesses also benchmark internally by monitoring and comparing current functionality with earlier efficiency.
Shut Loop MRP: A method Establish all around product necessities planning that features the extra scheduling processes of production preparing (income and operations preparing), master output scheduling, and potential demands setting up. At the time this planning period is comprehensive and also the programs happen to be approved as reasonable and attainable, the execution processes appear into Engage in.
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Drayage Corporations: Motor carriers that deliver area pickup and shipping and delivery of trailers and containers (on chassis)