Barter: The exchange of commodities or products and services for other commodities or expert services in lieu of the purchase of commodities or expert services with funds.
Balanced Scorecard: A structured measurement system dependant on a combination of monetary and non-fiscal actions of organization effectiveness. A listing of financial and operational measurements used To guage organizational or supply chain functionality.
Density: A Actual physical attribute measuring a commodity's mass for every unit quantity or kilos for each cubic foot; a crucial factor in ratemaking, because density impacts the utilization of a provider's vehicle.
Price Element: In Price tag accounting, the bottom stage element of a resource action, or Expense item.
Absorption Costing: In Value management, an method of inventory valuation in which variable prices plus a percentage of set fees are assigned to every device of manufacturing.
Demurrage: The provider charges and fees applied when rail freight cars and ships are retained outside of a specified loading or unloading time. Also see: Detention, Express.
Bulk Cargo: Unpacked dry cargo like grain, iron ore or coal. Any commodity transported in this way is said to become in bulk.
Direct Channel: This is certainly when your individual revenue drive sells to The shopper. Your read business may well ship to The shopper, or maybe a third party might take care of shipment, but in either scenario, your business owns the income agreement and retains rights on the receivable from the check my reference customer.
Benchmarking: The process of comparing performance towards the methods of other top organizations for the objective of enhancing efficiency. Businesses also benchmark internally by monitoring and evaluating existing overall performance with earlier efficiency.
Certification of Insurance coverage: A negotiable doc indicating that insurance policies has actually been secured below an open coverage to address loss or harm to a cargo when in transit.
Billing: A provider terminal exercise that determines the appropriate price and full visit their website expenses for your shipment and troubles a freight Invoice.
Audit: In reference to freight expenses, the phrase audit is utilised to find out the precision of freight payments.
Container on Flat Vehicle (COFC): A container that may be transported over a rail flatcar. It may be transported by using tractor/trailer utilizing a chassis as being the wheel section.
Genuine Prices: The labor, materials, and affiliated overhead expenditures which can be charged versus a job since it moves from the generation method.