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Glossary of Retail Supply Chain Terms Term Acronym Definition

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Glossary of Retail Supply Chain Terms Term Acronym Definition RVCF Glossary of Retail Supply Chain Terms Term Acronym Definition 1SYNC™ A data pool that was created via the consolidation of Transora and UCCnet in August 2005 designed to help the industry maximize the value of data synchronization. 1SYNC™ Data Pool Services A service that validates, stores, routes, and publishes supplier data to retail partners who have subscribed to the data, ensuring that all trading partners are using identical, updated, GS1 System standards-compliant data. This service also ensures that any changes to product data are automatically communicated to the retailers. Notifications are sent when data is published so both suppliers and retailers know the status of the published data. 1SYNC™ Solution Partner A solution provider that has been trained and certified by 1SYNC to support user implementation of the 1SYNC Data Pool. 2005 Sunrise An industry initiative of United States and Canadian companies to become capable of scanning and processing EAN-8 symbols, EAN-13 symbols, and 12-digit Universal Product Code symbols at the point-of-sale by January 1, 2005. 2005 Sunrise Compliant A company that can scan and process EAN-8 and EAN-13 symbols in addition to 12-digit Universal Product Code symbols at point-of- sale. Compliant companies process and store the product identification numbers scanned from EAN-8, Universal Product Code, and EAN-13 symbols in their entirety. Note: These product identification numbers are properly referred to as Global Trade Item Numbers. 2D symbology Barcode symbols designed to increase data capacity beyond linear barcode symbols while still being readable by optical means. Two categories of two-dimensional symbols exist: multi-row (or stacked) and matrix. A Composite Component is a stacked two-dimensional symbol and a GS1 Data Matrix symbol is a matrix two-dimensional symbol. Accessorial Charges Charges for supplementary services and privileges provided in connection with the transportation of goods. These charges are not included in the freight charge and usually take the form of a flat fee. Accredited Standards Committee ASC X12 The accredited American National Standards Institute committee responsible for the development and maintenance of American X12 National Standards for Electronic Data Interchange. Accuracy A barcode verification term. The determination of whether any element width, or intercharacter gap width, differs from its nominal width by more than the printing tolerance. Acknowledgement In the global data synchronization process, this is an XML response to a command returned to the originator. Every command needs a response. Acknowledgement messages are standardized and may contain the following information: confirmation of message receipt, success/failure of processing for syntax and content, or reason code for each type of failure. Act of God An act beyond human control, such as lightning, flood or earthquake. Active Tag A class of RFID tag that contains a power source, such as a battery, to power the microchip's circuitry. Active tags transmit a signal to a reader and can be read from 100 feet (approximately 31 meters) or more. Actual Landed Cost The true cost of imported goods that include all related charges to the product including shipping. Actual Pickup Date/Time The date/time the shipment was picked up by a carrier. Actual Valuation Actual value of goods required to be shown on the bill of lading by shippers where rate applied is dependent upon that fact. Ad Valorem Duty Duty on imported merchandise based on a percentage of the shipment value. Add-On Symbol A barcode symbol used to encode information supplementary to that in the main EAN/UPC barcode symbol. Admiralty Court A court having jurisdiction over maritime questions pertaining to ocean transport, including contracts, charters, collisions, and cargo damages. Advance Against Documents Load made on the security of the documents covering the shipment. RVCF Glossary of Retail Supply Chain Terms Term Acronym Definition Advance Ship Notice ASN Used to notify a customer of a shipment in advance of arrival. ASN's will often include PO numbers, SKU numbers, lot numbers, quantity, pallet or container numbers and/or carton numbers. ASN's may be paper-based, however, electronic notification is preferred. Advance ship notice systems are usually combined with barcoded compliance labeling which allows the customer to receive the shipment into inventory through the use of barcode scanners and automated data collection systems. Electronically transmitted ASN's are often referred to by their associated EDI transaction number, 856. Advanced Charge The amount of shipment or other charge on a shipment advanced by one transportation line to another or to the shipper to be collected from the consignee. Advanced Planning and APS Software system designed to integrate with ERP and MRP systems to enhance the short term production planning and scheduling Scheduling systems that are notoriously inadequate in MRP systems. APS systems have extensive programming logic that allows them to be more effective in dealing with rapidly changing customer demands. Advising Bank A bank that receives a letter of credit from an issuing bank, verifies its authenticity, and forwards the original letter of credit to the exporter without obligation to pay. Advisory Capacity A term indicating that a shipper's agent or representative is not empowered to make definite decisions or adjustment without the approval of the group or individual represented. Affiliate A company that controls or is controlled by another company or is one of two or more commonly controlled companies. Agency Agreement An agreement wherein the steamship line appoints the steamship agent and defines the specific duties and areas of responsibility of that agent. Agent A person or entity that is authorized to transact business for and in the name of another. Aggregate Shipments Numerous shipments from different shippers to one consignee that are consolidated and treated as a single consignment. Agreed Weight The weight prescribed by agreement between carrier and shipper for goods shipped in certain packages or in a certain number. Air Cargo Agent A type of freight forwarder that specializes in air cargo and acts for airlines that pay them a fee (usually 5%). The agent is registered with the International Air Transport Association (IATA). Air Freight A service that provides for the air transportation of goods. This mode of transportation allows for decreased shipping time, low damage ratios and for certain commodities, lower shipping costs. Air Freight Forwarder Provides pickup and delivery service to and from the shippers dock. Responsibilities also include consolidating shipments from various shippers into larger units, preparing shipping documentation and tendering freight to the airlines. Forwarders do not generally operate their own aircraft and may be classified as an "indirect air carrier". Air Interface The radio frequency link between a reader and RFID tags. Air Waybill AWB A shipping document used by the airlines for air freight. A non-negotiable document that is a contract for carriage and supplies written evidence regarding the receipt of goods, the mode of transportation and the arrangement to deliver goods at the requested destination to the lawful holder of the bill of lading. A standard air waybill accommodates both domestic and international traffic. Aircraft Pallet A platform of standard dimensions that is used for assembling goods which is secured by nets and straps prior to being loaded as a unit onto an airplane. Palletizing results in an efficient use of space and improved cargo handling. Airfreightment An agreement by a steamship line to provide cargo space on a vessel at a specified time and for a specified price to accommodate an exporter or importer, who then becomes liable for payment even though he is later unable to make the shipment. Airhole A punch hole, flutter/butterfly vent or pinhole in a polybag. All In Rate Freight rate which is inclusive of all surcharges and extras. RVCF Glossary of Retail Supply Chain Terms Term Acronym Definition All Risk Insurance A clause included in marine insurance policies to cover loss and damage from external causes, such as fire, collision, pilferage, etc. but not against innate flaws in the goods, such as decay, germination, nor against faulty packaging, improper packing/ loading or loss of market, nor against war, strikes, riots and civil commotions All-Cargo Aircraft An aircraft used for the sole purpose of transporting cargo only, rather than the combination of passengers and cargo. Freight is loaded in the bulk or container on the main or lower deck of the aircraft. Allocations In inventory management, refers to actual demand created by sales orders or work orders against a specific item. Allowance A sum granted as reimbursement or repayment, or a deduction form the gross weight or value of goods. All-Risk Clause An insurance provision that all loss or damage to goods is insured except that of inherent vice (self caused). All-Risk Insurance The broadest form of coverage available, providing protection against all risk of physical loss or damage from any external cause, such as fire collision, pilferage, etc. Does not cover loss or damage due to delay, acts of war, labor strikes, per-shipment conditions, inadequate packaging, or loss of market. All risk insurance of air shipments generally excludes loss due to cold or changes in atmospheric pressure. Alongside A phrase referring to the side of a ship. Goods to be delivered "alongside" are to be placed on the dock or barge within reach of the transport ship's tackle so that they can be loaded abroad the ship. Alternative Rates Two or more rates, of which the one that produces the lowest charge is applicable. American National Standards ANSI A private, non-profit organization that administers and coordinates the United States voluntary standardization and conformity Institute assessment system. American Terms (Marine AT A term used to differentiate between the conditions of American Policies from those of other nations, principally England.
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