A thru D Trucking & Logistics Glossary - Flatbed Source
ABC Analysis The classification of items in an inventory according to importance defined in terms of criteria such as sales volume and purchase volume.
Absorption Costing Applying variable and fixed costs to the value of inventory.
Acquisition Logistics Acquisition Logistics is everything involved in acquiring logistics support equipment and personnel for a new weapons system. The formal definition is "the process of systematically identifying, defining, designing, developing, producing, acquiring, delivering, installing, and upgrading logistics support capability requirements through the acquisition process for Air Force systems, subsystems, and equipment.
Advance Cost Models The development of costing analysis that span a total supply chain network. Network constituents pinpoint the values at each point of connection - from initial supplies to final consumption and post-sale service.
Advanced Supply Chain Management Creating and maintaining a network of organizations dedicated to building and constantly improving a value chain constellation focused on a particular industry, market segments and consumer groups. This concept is the culmination of supply chain management, in which a trusting network of suppliers, manufacturers, distributors, and sales and support specialists works interdependently to achieve market dominance.
Air Freight Forwarder An intermediary that solicits shipments and tenders consolidated loads to airlines.
Air Ride Suspension Suspension which supports the load on air-filled rubber bags rather than steel springs. Compressed air is supplied by the same engine-driven air compressor and reservoir tanks which provide air to the air brake system.
American Standard Code for Information Interchange The American Standard Code for Information Interchange is used extensively in data transmission. The ASCII character set includes 128 upper and lower case letters, numerals and special purpose symbols, each encoded by a unique 7-bit binary number.
Available-to-Promise (API) Inventory An online display of the goods in inventory, throughout a full supply chain network, offering the viewer the opportunity to determine what is available for immediate delivery, where any particular order has progresses, and what back-up supplies can be accessed to complete an intended order.
Backhaul The portion of a transportation trip that returns carrier's equipment to the origin point or back to their home terminal.
Bar Coding Graphical representation (generally narrow and wide bars) that represent one of a number of numeric or alphanumeric standards.
Benchmarking A management tool for comparing performance against an organization that is widely regarded as outstanding in one or more areas, to improve performance in those areas.
Bill of Lading (BOL) A shipping document that acts as a contract, a receipt, and evidence of title (ownership).
Bonding Generally used by service companies as a guarantee to their clients that they have the necessary ability and financial backing to meet their obligations.
Breakbulk Trucking Terminal A facility that receives loads from local, other breakbulk, and relay terminals and sorts the cargo for shipment to further points.
Break-Even-Analysis An analysis method used to determine the number of jobs, products, and/or services that needs to be sold to reach a break even point in a business.
Broker (trucking) An intermediary who tries to match trucking companies desiring traffic with shippers needing trucking services.
Capital The resources, usually cash or credit, available for investing in assets that produce output.
Cash-to-Cash Cycles The time accumulated between the expenditure for necessary raw materials and supplies until the receipt of payment from the customer for receipt of the finished goods.
Collaborative Planning The process through which a firm works together with its suppliers and customers to design and forecast demand for products.
Continuous Replenishment Process (CRP) A system used to reduce inventories and safety stocks while improving service to customers and consumers.
Crossdocking The holding and movement of goods directly from a receiving position to accumulation of full order and direct loading to an outbound carriers, to eliminate storage and handling expense.
Current Ratio A ratio Used to determine the difference between total current asset and total current liabilities.
Customer Service Activities occurring between the buyer and seller that enhance or facilitate the sale or use of the seller's products and/or services.
Database Mining The analysis of information residing in collective databases across a supply chain network to develop information for sales groups. The sales force can then offer opportunities and solutions for specific business customers and consumer groups.
Deadhead A transportation industry term used to describe when a truck & trailer is moving down the highway without a load on the trailer. Also referred to as "Deadheading".
Direct Store Delivery A logistics system designed to improve service and reduce warehouse inventories by having the seller move the ordered goods directly to the retail outlet.
Distribution The transfer of goods from a manufacturer, producer, or distributor to a business customer or end consumer.
Downstream The processes in a supply chain that occur after manufacturing or conversion that are dedicated to getting goods and services to customers and consumers. These processes usually involve warehousing and distribution, with subsequent transportation to retail outlets.
Driver Assist Cost This is where a driver is asked to assist in the loading or unloading process. Depending on contract or situation, this is treated as an extra charge on a per hour or flat rate basis.
Dry Van A non-refrigerated, non-insulated semi-trailer handling general commodity freight or Freight-All-Kinds (FAK) which can withstand outside temperatures without suffering damage. Dry vans come in varying lengths and widths - Lengths of 45' to the most common and popular length of 53' and widths of 96" to 102". Dry vans also have either duel swing doors in the rear of the trailer or a roll-up single door. Depending on the unladen weight of the tractor, most dry vans can legally carry up to 46,000 lbs in product weight.
"E" thru "O" on next page
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