Tender economic definition. Tender Evaluation 5 Criteria & 2 Tips 2019-01-15

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Glossary of Transportation, Logistics, Supply Chain, and International Trade Terms

tender economic definition

Customer Service: The series of activities involved in providing the full range of services to customers. Cross Docking: A distribution system in which merchandise received at the warehouse or distribution center is not put away, but instead is readied for shipment to retail stores. Buffer Management: In the theory of constraints, a process in which all expediting in a shop is driven by what is scheduled to be in the buffers constraint, shipping, and assembly buffers. Activity Driver: The best single quantitative measure of the frequency and intensity of the demands placed on an activity by cost objects or other activities. A complete order must be complete to be considered fulfilled.

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Grahnlaw: EU procurement: Economic operators

tender economic definition

Consolidation: Combining two or more shipments in order to realize lower transportation rates. And just what is , anyway? Courier Service: A fast, door-to-door service for high-valued goods and documents; firms usually limit service to shipments weighing fifty pounds or less. Gathering Lines: Oil pipelines that bring oil from the oil well to storage areas. Forecast: An estimate of future demand. A direct cost uses a direct assignment or cost causal relationship to transfer costs. Two approaches to aggregate planning exist - production planning and sales and operations planning.

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Tender

tender economic definition

An assembly may be an end item or a component of a higher-level assembly. Collect Freight: Freight payable to the carrier at the port of discharge or ultimate destination. These activities encompass the functions of transportation, warehousing, inventory control, material handling, order administration, site and location analysis, industrial packaging, data processing, and the communications network necessary for effective management. Inventory Cost: The cost of holding goods, usually expressed as a percentage of the inventory value; includes the cost of capital, warehousing, taxes, insurance, depreciation, and obsolescence. Committee of American Steamship Lines: An industry association representing subsidized U. Aggregate Tender Rate: A reduced rate offered to a shipper who tenders two or more class-related shipments at one time and one place.


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MEAT

tender economic definition

Competitive tendering is also used in deciding who runs rail franchises. A core competency could be the capability of a firm to coordinate and harmonize diverse production skills and multiple technologies. Certified Supplier: A status awarded to a supplier who consistently meets predetermined quality, cost, delivery, financial, and count objectives. Consular Invoice: A document, required by some foreign countries, describing a shipment of goods and showing information such as the consignor, consignee, and value of the shipment. Assignment: A distribution of costs using causal relationships. Distribution Channel Management: The organizational and pipeline strategy for getting products to customers.

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Fiat Money Definition Economics

tender economic definition

Resource attributes could include cost and volumes. Deconsolidator: An enterprise that provides services to un-group shipments, orders, goods, etc. Full-Service Leasing: An equipment-leasing arrangement that includes a variety of services to support the leased equipment; a common method for leasing motor carrier tractors. Change Order: A formal notification that a purchase order or shop order must be modified in some way. By expediting this material into the buffers, the system helps avoid idleness at the constraint and missed customer due dates.

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Tender

tender economic definition

A fabricator may turn steel rods into nuts, bolts, and twist drills, or may turn paper into bags and boxes. Activity-Based Costing Model: In activity-based cost accounting, a model, by time period, of resource costs created because of activities related to products or services or other items causing the activity to be carried out. Empirical: Pertaining to a statement or formula based on experience or observation rather than on deduction or theory. A specific measure can be compared to itself over time, compared with a present target, or evaluated along with other measures. Fixed Overhead: Traditionally, all manufacturing costs, other than direct labor and direct materials, that continue even if products are not produced. Forecasting: Predictions of how much of a product will be purchased by customers.

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What is legal tender? definition and meaning

tender economic definition

Center-of-Gravity Approach: A supply chain planning methodology for locating distribution centers at approximately the location representing the minimum transportation costs between the plants, the distribution centers, and the markets. Logbook: A daily record of the hours an interstate driver spends driving, off duty, sleeping in the berth, or on duty but not driving. Sometimes major activity is used for larger bodies of work. The buffers establish the protection against uncertainty so that the system can maximize throughput. This is the port reported to the U. Domestic Trunk Line Carrier: A classification for air carriers that operate between major population centers. Container Yard: The location designated by the carrier for receiving, assembling, holding, storing, and delivering containers, and where containers may be picked up by shippers or redelivered by consignees.

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Legal Tender

tender economic definition

Gross Weight: The total weight of the vehicle and the payload of freight or passengers. Commodity Buying: Grouping like parts or materials under one buyer's control for the procurement of all requirements to support production. Express: 1 Carrier payment to its customers when ships, rail cars, or trailers are unloaded or loaded in less than the time allowed by contract and returned to the carrier for use. A common carrier must obtain a certificate of public convenience and necessity from the Federal Trade Commission for interstate traffic. Air Cargo: Freight that is moved by air transportation. Used for focusing attention and may be subjective.

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