National carrier, Net Asset Turns, Net Change MRP

 

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Detailed terminology list , in pdf form, will soon be available

 
 


National carrier
A for-hire certificated air carrier that has annual operating revenues of $75 million to $1 billion; the carrier usually operates between major population centers and areas of lesser population.

National Industrial Traffic League
An association representing the interests of shippers and receivers in matters of transportation policy and regulation.

Net Asset Turns
The number of times you replenish your net assets in your annual sales cycle. A measure of how quickly assets are used to generate sales.

Net Change MRP
An approach in which the material requirements plan is continually retained in the computer.

Whenever a change is needed in requirements, open order inventory status, or bill of material, a partial explosion and netting is made for only those parts affected by the change.
Antonym: Regeneration MRP.

Node
A fixed point in a firm’s logistics system where goods come to rest; includes plants, warehouses, supply sources, and
markets.

 

 

negotiation

The 7 stages of negotiation in Procurement are

1. Preparation
2.
Relationship Building
3. Information Gathering
4. Information Using
5. Bidding
6. Closing the Deal
7. Implementing the Deal.

novation contract law

Novation is where one contract is replaced by another. 

For example, look at the following situation. A consultant has a contract with company, and that building company has a contract with a contractor.  Novation is where the contract between the consultant and the company, is substituted by a contract between the consultant and the contractor (with the consent of all parties).

 

 

 

 
 

 

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