INTERNATIONAL TRADE VOCAB

GOODS IN TRANSIT.

• is the capacity of person, gourp or organization to adapt, face and overcome adversities, challeges or difficult situaciones, while maintaining emotional balance, functionality and, in many cases.

• A discipline focusing on the management of activities within business processes as the route to continuously improve both the value received by customers and the profit earned in providing that value. AMB uses activity-based cost information and performance measurements to influence management action. See Activity-Based Costing.

• These are goods that enter and leave a country with the sole purpose of reaching a third country. They are only passing through the national territory in transit to reach their destination.

• Procedure through which the most economical and expeditious way to achieve an objective is sought; it is about obtaining the maximum performance from a given volume of resources.

Merchandise

• a limit on the quantity of a product that can be imported or exported during a time period

• Procedure through which the most economical and expeditious way to achieve an objective is sought; it is about obtaining the maximum performance from a given volume of resources.

• is the capacity of person, gourp or organization to adapt, face and overcome adversities, challeges or difficult situaciones, while maintaining emotional balance, functionality and, in many cases.

• Is a y Food, product, or ítem that is Transporter, tarded or exchanged whitn a supply chainor buisness process.

Import duty

• the process of reducing barriers to trade, such as tariffs and quotas to encourage free trade between nations

• when a country or company exports a product at a lower price than the price it charges in its own domestic market

• is the science of weights and measures. In the area of ​​commerce, it includes all technical procedures related to the international precision and reproducibility of measuring instruments, as well as the procedures for specifying and ensuring the quality and credibility of measurements.

• a tax placed on an import to increase its price

Dumping meaning:

• when a country or company exports a product at a lower price than the price it charges in its own domestic market

• In quality management, when a continuing series of lots is considered, AQL represents a quality level that, for the purposes of sampling inspection, is the limit of a satisfactory process average.

• The process of sampling a portion of goods for inspection rather than examining the entire lot.

• A carrier’s ability to provide service between an origin and a destination.

Accounts Payable (A/P):

• Being answerable for, but not necessarily personally charged with, doing specific work. Accountability cannot be delegated, but it can be shared. For example, managers and executives are accountable for business performance even though they may not actually perform the work.

• The value of goods and services acquired for which payment has not yet been made.

• The value of goods shipped or services rendered to a customer on whom payment has not been received. Usually includes an allowance for bad debts.

• Certification by a recognized body of the facilities, capability, objectivity, competence, and integrity of an agency, service, operational group, or individual to provide the specific service or operation needed. For example, the Registrar Accreditation Board accredits those organizations that register companies to the ISO 9000 Series Standards.

Acquisition Cost:

• Goods in active pick locations and ready for order filling.

• A communication by a supplier to advise a purchaser that a purchase order has been received. It usually implies acceptance of the order by the supplier.

• In cost accounting, the cost required to obtain one or more units of an item. It is order quantity times unit cost.

• An alert that an MRP or DRP system generates to inform the controller of a situation requiring his or her attention.

Active Stock:

• Goods in active pick locations and ready for order filling.

• Work performed by people, equipment, technologies, or facilities. Activities are usually described by the action-verb-adjective-noun grammar convention. Activities may occur in a linked sequence and activity-to-activity assignments may exist.

• The process of identifying and cataloging activities for detailed understanding and documentation of their characteristics. An activity analysis is accomplished by means of interviews, group sessions, questionnaires, observations, and reviews of physical records of work.

• An approach to budgeting where a company uses an understanding of its activities and driver relationships to quantitatively estimate workload and resource requirements as part of an ongoing business plan.

Air Freight

• is a person or entity that acts as an intermediary between a buyer and a seller in a particular industry.

• movement of people, goods or mail by aircraft. It is a mode of transportation that takes place at airports and is characterized by its speed.

• Comparing logistics performance metrics to industry standards or competitors.

• A legal document between a shipper and carrier detailing the goods being transported.

Container

• This term refers to transactions between businesses, such as between a manufacturer and a wholesaler, or a wholesaler and a retailer.

• A shipping option for large amounts of cargo, typically more than 15,000 pounds. FTL shipments occupy an entire truck’s space.

• Document that certifies the country of origin of the merchandise, and that is important to determine the applicable tariffs and regulations.

• A standardized-sized unit of cargo used to transport goods on ships, trains, and trucks.

B2B

• A tax imposed on imports and exports by a country's customs authority.

• This term refers to transactions between businesses, such as between a manufacturer and a wholesaler, or a wholesaler and a retailer.

• This term refers to transactions between businesses and consumers.

• A contractual arrangement between countries regarding their trade relationships.