A technique for strategically positioning inventory to meet customer service levels while minimizing inventory and storage levels. Excess inventory is replaced with information derived through monitoring supply, demand and inventory at rest as well as in motion.

Title passes at destination, and seller has total responsibility until shipment is delivered.

An accounting term for measuring the cost and performance of specific activities performed in an organization.

Detailed shipment information transmitted to a customer or consignee in advance of delivery, designating the contents and nature of the shipment. May also include expected time of arrival.

The average inventory level over a period of time.

Product ordered but out of stock and promised to ship when the product becomes available.

The return movement of a vehicle from its original destination to its original point of origin, especially when carrying goods back over all or part of the same route.

A symbol consisting of a series of printed bars representing values. A system of optical character reading, scanning, and tracking of units by reading a series of printed bars for translation into a numeric or alphanumeric identification code.

The process of comparing performance against the practices of other leading companies for the purpose of improving performance. Companies also benchmark internally by tracking and comparing current performance with past performance.

State-of-industry performance or application.