Customer orders which cannot be immediately fulfilled and are awaiting future stock delivery/manufacture before fulfillment.
An approach to measuring performance that looks at multiple variables. The variables might be equally important, or given different weightings to reflect degrees of importance.
An optical, machine-readable representation of data.
Often high costs or high levels of competition, linked to supplying a new product or service into a market.
The initial price of something without the added costs such as handling, transport and profit.
Amount of products produced at a time.
Comparing an element of one business, such as price, quality or service, against another.
Made or provided especially for a specific end user.
A result intended in the acquisition of all goods and services. Price must be one of the evaluation criteria when acquiring goods and services. Other evaluation criteria may include, but are not limited to environmental considerations, quality, and vendor performance.
Offer of a price.
A potential supplier who makes an offer (a bid is an offer or tender).
An exchange agreement between two nations or trading groups that gives each party favored trade status connected to certain goods obtained from the signatories. The agreement sets purchase guarantees and removes tariffs and other trade.
A written receipt or contract, given by a carrier, showing a list of goods delivered to it for transportation. The straight bill of lading is a contract which provides for direct shipment to a consignee. The order bill of lading is negotiable; it enables a shipper to collect for a shipment before it reaches its destination (this is done by sending the original bill of lading with a draft drawn on the consignee through a bank). When the consignee receives the lading indicating that payment has been made, the lading will be surrendered to the carrier’s agent, and the carrier will then ship the goods to the consignee, and the bill of lading will be surrendered to the carrier. Note: Shippers frequently consign shipments to themselves on order bills of lading so that delivery is made only upon the shipper’s order; the person or firm to be notified upon arrival of the shipment at destination must be designated.
A comprehensive list of components, items, materials and parts to create a product, essentially a recipe for the production of an item.
Biodiversity is short for biological diversity. It refers to a high level of the variety of plant and animal life in the world or in a particular habitat – it is considered to be both important and desirable.
Biomass is organic matter or plant material converted for use as a fuel (biofuel).
A branch of science concerned with the application of physical principles and methods to biological problems.
A contract under which a vendor agrees to provide goods or services on a purchase-on-demand basis. The contract generally establishes prices, terms, conditions and the period covered (no quantities are specified); shipments are to be made as required by the purchaser.
An encrypted network that stores records of a transaction and communicates this to all other nodes points within the network.
Regularly held meetings between all the directors of an organization.
A specific stage in a process which slows down the flow of production and limits the overall output rate.
An accounting term meaning a company’s income after all expenses have been deducted from revenues.
An automated e-mail sent in response to an e-mail or contact form.
The image of an organization. The name, logo, slogan, colors, etc., that differentiate it from the competition.
A specification that uses one or more manufacturers brand names or catalog numbers to describe the standards of quality, performance and other characteristics needed to meet the requirements of a solicitation and provide for the submission of equivalent products.
The point at which a business recovers what it has spent and starts to make a profit.
A business that carries no inventory and that has no written ongoing agreement with any manufacturer or manufacturer’s authorized distributor to sell the products of the manufacturer.
Financial plan for a set period of time on how much can be spent.
Amount of stock held in stores at any time in addition to actual requirements.
A contractor, subcontractor, supplier, consultant, or provider of technical, administrative, or physical services organized as a sole proprietorship, partnership, association, corporation, or other entity formed for the purpose of doing business for profit.
A supply or service without which the business could not operate.
A transaction between businesses (e.g., in the supply chain).
A transaction between a business and the end user of its product or service (e.g., an individual shopper).
A justification for a proposed project or undertaking on the basis of its expected benefits.
The rise and fall over time of output in an economy as measured by gross domestic product (GDP).
The buyer’s perspective on a supply market and the suppliers and products in it.
The physical act of placing orders to make a purchase.
When people believe and support an idea.
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