glossary of transportation, logistics, supply chain, and international trade terms help.

A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z ABC Analysis: A classification of items in an inventory according to importance defined in terms of criteria such as sales volume and purchase volume.

Accountability cannot be delegated, but it can be shared.

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Accuracy: In quality management, the degree of freedom from error or the degree of conformity to a standard. For example, four-significant-digit numbers are less precise than six-significant-digit numbers; however, a properly computed four-significant-digit number might be more accurate than an improperly computed six-significant-digit number. Acknowledgement: 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.

For example, the Registrar Accreditation Board accredits those organizations that register companies to the ISO 9000 Series Standards.

Accredited Standards Committee (ASC): A committee of ANSI chartered in 1979 to develop uniform standards for the electronic interchange of business documents.

In attributes sampling, the presence or absence of a characteristic is noted in each of the units inspected.

In variables sampling, the numerical magnitude of a characteristic is measured and recorded for each inspected unit; this type of sampling involves reference to a continuous scale of some kind.

The committee develops and maintains US generic standards (X12) for Electronic Data Interchange.

Accumulation Bin: A place, usually a physical location, used to accumulate all components that go into an assembly before the assembly is sent out to the assembly floor.

ABI: * Abnormal Demand: Demand in any period that is outside the limits established by management policy.