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Preprocessing Lead Time (also known as "planning time" or "paperwork"): the time required to release a purchase order (if you buy an item) or create a job (if you manufacture an item), from the time you learn of the requirement. Processing Lead Time: the time required to procure or manufacture an item.
Return to vendor (RTV) is the process where goods are returned to the original vendor instead of the distributor.In many cases the RTV was originally returned to the seller by the end consumer.
A shipping market cycle or shipping cycle is a particular type of economic cycle. These cycles correct markets when supply and demand are out of balance. Shipping markets are driven by freight rates, which can move up, move down or remain unchanged. Shipping cycles are therefore determined by the fluctuations of these freight rates.
An advance ship notice or advance shipping notice (ASN) is a notification of pending and upcoming deliveries matched to the prior provided packing list. It is usually sent in an electronic format and is a common EDI document.
The prosecution of Hunter Biden on federal firearms charges stems from a 7-page form that would-be gun buyers must fill out when purchasing a weapon from a licensed gun business.
The transfer of title may occur at a different time (or event) than the FOB shipping term. The transfer of title is the element of revenue that determines who owns the goods and the applicable value. Import fees when they reach the border of one country to enter the other country under the conditions of FOB destination are due at the customs ...
In 1961, 19-year-old Robert Allen Zimmerman dropped out of college in his native Minnesota, made a pilgrimage to New York City to meet his folk music idol Woody Guthrie, and decided to become, in ...
Pre-shipment inspection (also preshipment inspection or PSI) is a part of supply chain management and an important quality control method for checking the quality of goods clients buy from suppliers.