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			ABC Classification - 




The prioritization of inventory by volume. 













	
	
Related Terms: ABC Classification - inventory | volume |

Absorption Costing - Applying variable and fixed costs to the value of inventory.

Related Terms: Absorption Costing - fixed costs | inventory | variable costs |

Black List - An inventory of dangerous substances discharged into the marine environment, first drawn up in 1976. Reference: Professor Derek Urwin, Department of Politics and International Relations, University of Aberdeen, Aberdeen, U.K., http://www.abdn.ac.uk/~pol028/index.htm

Related Terms: Black List - international | trade |

European Inventory of Existing Chemical Substances - Established in 1986 to record all chemical products available on the market. Acronym: EINECS Reference: Professor Derek Urwin, Department of Politics and International Relations, University of Aberdeen, Aberdeen, U.K., http://www.abdn.ac.uk/~pol028/index.htm

Related Terms: European Inventory of Existing Chemical Substances - international | trade |

Goods - Products, merchandise, commodities, supplies, raw materials, property, stock, inventory, liquids, chemicals, wares, perishables; items of commerce; dry goods, capital goods, consumer goods, perishable goods, canned goods, liquid goods.

Related Terms: Goods - durables | inventory | merchandise | products | retail | wholesale |

Information Superhighway - The Information Superhighway is a network that will potentially connect every government agency, business, and citizen providing a means of rapid access to information (in digital form) and electronic communication to every business and citizen in the country. This vision is an unprecedented nationwide (and ultimately worldwide) electronic communications network Reference: ECRC University of Scranton / Defense Logistics Agency

Related Terms: Information Superhighway - commerce | communications | electronic commerce | information management | internet | marketing | telecommunications | trade | world wide web |

Inventory - Supplies, wares, goods, durables, or materials on hand or in stock.

Related Terms: Inventory - decoupling | durables | goods | stock | supplies | wares |

Just-in-Time (1) - Manufacturing system which depends on frequent, small deliveries of parts and supplies to keep on-site inventory to a minimum. Reference: Truck Writers of North America (TWNA)

Related Terms: Just-in-Time (1) - inventory | manufacturing | trucking |

Just-In-Time Inventory - A method of controlling and reducing direct and work-in-process inventory by having suppliers deliver material "just in time" to manufacturing. [ed. May also be applied to other areas such as "just in time training" offered by IETMs] Acronym: JIT Reference: ECRC University of Scranton / Defense Logistics Agency

Related Terms: Just-In-Time Inventory - inventory | management | manufacturing | production | quality |

Lead Time (1) - A span of time required to perform an activity. In a production and inventory control context, the activity is normally the procurement of materials or product from either an outside supplier or a company's own manufacturing facility. The individual components of any given lead time can include some or all Reference: ECRC University of Scranton / Defense Logistics Agency Included with permission from: Gartner Group "Information Technology Glossary" Executive Reference, 1993

Related Terms: Lead Time (1) - acquisition | contracting | inventory | logistics | manufacturing | procurement | production | purchasing | supply | support |

Parts List Data Base - This tool controls parts inventory during fabrication and operation. PLDB provides inventory status of parts, prepares part list reports, generates purchase orders, and tracks cost/budget of parts. PLDB is linked to LSAR, Imaging, and Bar Coding. Acronym: PLDB Reference: ECRC University of Scranton / Defense Logistics Agency Included with permission from: National Security Industrial Association "CALS Expo '93, Proceedings and Reference

Related Terms: Parts List Data Base - components | data | data base | inventory | inventory control | logistics support analysis record | manufacturing | parts | production | purchasing |

Pilferage - The theft in small amounts of goods, merchandise, or inventory.

Related Terms: Pilferage - goods | insurance | inventory | merchandise | risk | security |

Rapid Acquisition of Manufactured Parts - The Navy's RAMP program will enhance logistic support by applying data-driven automated manufacturing, acquisition, and inventory management technologies to produce small lots of selected, hard-to-acquire parts and assemblies at reduced cost and significantly shortened lead times. Acronym: RAMP Reference: ECRC University of Scranton / Defense Logistics Agency Included with permission from: Education Working Group, US CALS/CE Industry Steering Group "Electronic Blue Book" 1993

Related Terms: Rapid Acquisition of Manufactured Parts - acquisition | data | component | inventory | logistics | manufacturing | parts | procurement | production | supply | support |

Supply Support - All management actions, procedures, and techniques necessary to acquire, catalog, receive, store, transfer, issue, and dispose of secondary items. This includes provisioning for initial support, as well as acquiring, distributing, and replenishing inventory spares and parts, and planning for direct and competitive spares procurement. Reference: Air Force Institute of Technology, Graduate School of Acquisition and Logistics

Related Terms: Supply Support - acquisition | integrated logistics support | logistics | military |


Unless otherwise indicated, all entries in the LogisticsWorld Logistics Glossary are copyright 1997, Matthew D. Cox, logistics@logisticsworld.com.

 

WWW Virtual Library of Logistics
Ver 4, Sep, 1999, Matthew D. Cox, logistics@logisticsworld.com
Sponsored by LogisticsWorld.
Copyright 1995, 1996, 1997, 1998, 1999 MDC, All rights reserved.