Posted: 2017-10-22 22:28
A Term of Sale which means that the seller fulfills the obligation to deliver when he or she has made the goods available at his/her premises (., works,
factory, warehouse, etc.) to the buyer. In particular, the seller is not responsible for loading the goods in the vehicle provided by the buyer or for clearing
the goods for export, unless otherwise agreed. The buyer bears all costs and risks involved in taking the goods from the seller 8767 s premises to the desired destination.
This term thus represents the minimum obligation for the seller.
Demand and supply tables are generally in million barrels per day (mb/d) and rounded to two decimal places. However, Table 6 and certain other tables included in the text of the report are rounded to one decimal place. This is done primarily to avoid giving a false sense of accuracy and having to make a plethora of minor changes, for example in Table 6A. All totals are calculated before rounding, which can lead to numbers expressed to one decimal place appearing not to add up. For example, in the very unlikely event that the second decimal place for demand for each non-OECD region shown in Table 6 were 9, the total non-OECD demand would be mb/d higher than the straight addition of the numbers shown to one decimal place, (., 7 x = or when rounded).
software used on desktop and portable computers that allows the computer to act like a terminal connected to a mainframe system. If you have a networked desktop PC
and are accessing mainframe programs ( . green screen programs) you are using terminal emulation. Terminal emulation is also a common method used to connect
portable computers (as in warehouse bar code data collection systems) to mainframe software. Also see Screen Mapping.
Note that, with the exception of European countries, data are generally collected for local purposes in volume terms and converted to tonnes for submission to the IEA. The conversion factors used to provide data for the report, which are listed above, are therefore the same, to the extent possible, as those used by the countries in making their submissions to ensure the volumetric data incorporated in the report are correct. This table represent average conversion factors and major exceptions used within our calculations.
this is one of those funky terms that has somehow achieved widespread acceptance in the material handling industry. Usually used with automated systems such as
automated conveyor systems, a Jackpot Line refers to an area where exceptions are routed. Exceptions may include orders that could not be completed (shortages or
WMS error), orders requiring special processing, or weight or size exceptions. The terms Jackpot Lane, or Jackpot Area are also used to describe similar exception
An installation that manufactures finished petroleum products from crude oil, unfinished oils, natural gas liquids, other hydrocarbons, and oxygenates and additives. Refineries can be classified as topping, hydroskimming or complex. Topping refineries are the least sophisticated and contain only the atmospheric distillation column and possibly a vacuum distillation column. The topping refinery will obtain those light products that are most easily separated from the crude oil namely LPG, naphtha, jet kerosene and gasoil, with a high yield of residual fuel oil. In addition to this basic configuration hydroskimming refineries have the ability to produce higher octane gasoline and lower sulphur distillate thanks to the addition of naphtha reforming and desulphurisation process units. Complex refineries contain upgrading units such as catalytic cracking, hydrocracking or coking.
Virtual Factory: A changed transformation process most frequently found under the virtual corporation. It's a transformation process that involves merging the capabilities and capacities of the firm with those of its suppliers. Typically, the components provided by the suppliers are hose that are not related to a core competency of the firm, while the components managed by the firm are related to core competencies. One advantage found in the virtual factory is that it can be restructured quickly in response to changing customer demands and needs.
Radio frequency identification. Refers to devices attached to an object that transmit data to an RFID receiver. These devices can be large pieces of hardware
the size of a small book, like those attached to ocean containers, or very small devices inserted into a label on a package. RFID has advantages over barcodes,
such as the ability to hold more data, the ability to change the stored data as processing occurs, does not require line-of-site to transfer data and is very
effective in harsh environments where bar code labels won 8767 t work. Read my articles ADC Basics and RFID Update, also check out My book on inventory accuracy and
its related RFID Updates and RFID Links.
A strategy to eliminate or reduce forklift use in operations. Used mainly in manufacturing operations, forklift-free usually involves finding ways to eliminate
forklift use in specific areas (mainly the production areas). A key benefit is the safety of workers, but other benefits such as better space utilization and
reduction of costs associated with lift trucks may also be factors.
A Term of Sale where the seller has the same obligations as under the CFR but also has to procure marine insurance against the
buyer 8767 s risk of loss or damage to the goods during the carriage. The seller contracts for insurance and pays the insurance premium. The CIF term requires the
seller to clear the goods for for 8775 Cost, Insurance, Freight. 8776 (Named Port) Same as C& F or CFR except seller also provides
insurance to named destination.
A mixture of light hydrocarbons distilling between 85° C and 765° C. It is used as a fuel for land-based spark ignition engines. Motor gasoline may include additives, oxygenates (MTBE) and octane enhancers. This category may include motor gasoline blending components (excluding additives/oxygenates), . alkylates, isomerate, reformate and/or cracked gasoline destined for use as finished motor gasoline.
software functionality that triggers specific actions based upon the occurrence of a specific event or combination of events. This is another one of those terms
used primarily by software vendors and consultants to push 8775 new 8776 technology. In reality, business software has been providing event-management functionality
for years. If inventory dropping below a predetermined level (reorder point) triggers a message to a planner (or even a listing on a reorder report), this is
essentially event management.
a twist in software marketing in which the software licenses are owned by the ASP and reside on their system while the client rents the rights to use the software. The ASP may be the software manufacturer or a third party business. The benefits to an using an ASP are lower upfront costs, quicker implementations, and the reduction of the need for internal IS personnel and mainframe/server hardware. It is hoped that ASPs will allow small to midsize businesses greater access to technology than was previously available. More recently the terms SaaS (Software as a Service) and On-demand Software have emerged to describe this same scenario.
Abbreviation for the 8775 Uniform Customs and Practice for Documentary Credits, 8776 published by the International Chamber of Commerce. This is the most frequently used
standard for making payments in international trade ., paying on a Letter of Credit. It is most frequently referred to by its shorthand title UCP No. 555.
This revised publication reflects recent changes in the transportation and banking industries, such as electronic transfer of funds.
Gross Margin Return on Inventory Investment. Calculation that shows your margin relative to your average inventory investment. Calculated by dividing your annual
gross margin (dollars) by your average inventory (dollars). Particularly useful in determining which items provide the greatest profit potential relative to your
investment in inventory. As with all calculations that use 8775 gross margin 8776 as an input, the output may be flawed if other costs not included in the gross calculation
may vary significantly from one item to another.
Early suppression fast response. Sprinkler system technology that executes faster and with a substantially greater volume of water. ESFR sprinklers may
eliminate the need for in-rack sprinkler systems in many warehouses, thus reducing the cost of installation and, more importantly, the risk of water damage
caused by damage to in-rack sprinklers. Retrofitting ESFR into older warehouses is not always feasible due to limited water pressure in old systems.
Electronic Data Interchange (EDI): Intercompany, computer-to-computer transmission of business information in a standard format. For EDI purists, computer to computer means direct transmission from the originating application program to the receiving or processing application program. An EDI transmission consists only of business data, not any accompanying verbiage or free-form messages. Purists might also contend that a standard format is one that is approved by a national or international standards organization, as opposed to formats developed by industry groups or companies.
Unit Cost: The cost associated with a single unit of product. The total cost of producing a product or service divided by the total number of units. The cost associated with a single unit of measure underlying a resource, activity, product, or service. It's calculated by dividing the total cost by the measured volume. Unit cost measurement must be used with caution as it may not always be practical or relevant in all aspects of cost management.
Program generators are software programs that generally provide graphical user interfaces and tools that allow a user to create a program without having to
write actual computer code. Currently these programs are more frequently referred to as 8775 Development Tools 8776 and are usually designed to write code for specific
applications such as data-collection programs for portable computers. While a user does not need to be a programmer to use this software, the user does need
to have a higher level of technical skills than that of most standard software users. . Code generator, Development tools.
In order to achieve a mass balance in the world oil supply and demand table (Table 6), supply includes not only crude oil and NGLs, but also various types of heavy oil-like hydrocarbons and natural gas-based, coal-based and renewable-based (biofuel) sources which are used as oil product equivalents and are included in our definition of demand. These non-conventional oils include other hydrocarbons and alcohols (including Brazilian alcohol fuel and those used in gasoline blending elsewhere), biodiesel, Canadian synthetic oil production, Venezuelan Orimulsion, oil shales, coal-based and natural gas-based oil substitutes and methane-based blending components such as MTBE. Total supply of these products is estimated at around mb/d in 7556. Since March 7556, Venezuelan heavy Orinoco crude has been included in the conventional crude oil category. Refinery processing gains are also shown as a source of oil supply in Table 6. Care needs to be taken in reading the text and tables to distinguish between crude oil and total oil supply. Thus, in Tables 6 and 8, total oil supply is shown (excluding OPEC crude for the forecast period).