Interpreting and communicating a plan can become a task in itself if you are not up-to-date with the planning jargon. If you have any terms that are essential and not listed — feel free to leave a comment below with the term and definition. A task or process to be accomplished in a set period of time as part of working toward a larger project goal. An Activity can be assigned to a resource s and have an associated cost.
Demand in any period that is outside the limits established by management policy. This demand may come from a new customer or from existing customers whose own demand is increasing or decreasing. Care must be taken in evaluating the nature of the demand: Is it a volume change, is it a change in product mix, or is it related to the timing of the order?
In cost management, an approach to inventory valuation in which variable costs and a portion of fixed costs are assigned to each unit of production. The fixed costs are usually allocated to units of output on the basis of direct labor hours, machine hours, or material costs.
A Canada Customs system to speed the release of shipments by allowing electronic transmission of data to and from Canada Customs 24 hours a day, 7 days a week. 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.
In quality management, a specific plan that indicates the sampling sizes and the associated acceptance or non-acceptance criteria to be used. In quality management, 1 A number used in acceptance sampling as a cut off at which the lot will be accepted or rejected.
For example, if x or more units are bad within the sample, the lot will be rejected. The entire lot may be accepted or rejected based on the sample even though the specific units in the lot are better or worse than the sample.
There are two types: 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.
A carrier's ability to provide service between an origin and a destination. A carrier's charge for accessorial services such as loading, unloading, pickup, and delivery, or any other charge deemed appropriate. 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.Inbound Logistics' glossary of transportation, logistics, supply chain, and international trade terms can help you navigate through confusion and get to the meaning behind industry jargon.
Lloyd's Register Australia is a world leading provider of ISO certification, training, standards & schemes. Begin your journey with Lloyd's Register today. business plan meaning: 1.
a detailed plan describing the future plans of a business2. a detailed document describing the future plans of a business. Learn more. Choose the Right Synonym for scheme.
plan, design, plot, scheme, project mean a method devised for making or doing something or achieving an end. plan always implies mental formulation and sometimes graphic representation. plans for a house design often suggests a particular pattern and some degree of achieved order or harmony.
a design for a new dress plot implies a laying out in. Relevance ranks synonyms and suggests the best matches based on how closely a synonym’s sense matches the sense you selected.
The number of project scheduling and planning terms out there can be overwhelming. Interpreting and communicating a plan can become a task in itself if you are not up-to-date with the planning jargon.