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Hand -to-mouth buying
Frequent purchases in small quantities to meet only
immediate , short term requirements.
Also, it is a practice of planning inbound material
purchases and flows without the need for significant inventory
levels
Hazardous Materials
Materials or substances that have been
determined by a government agency to be a risk to health,
safety and property and thus need to comply with the
prescribed safeguards.
The term includes such items
as as explosives, flammables, poisons, corrosive, radio active
substances. These materials must be packaged, labeled, handled
and transported according to strict regulations from several
agencies.
International shipments must comply with docket
HM-181, where the term "dangerous goods" is often used
interchangeably with hazardous materials
Hedging
A purchase or sale entered into for the
purpose of balancing a sale or purchase already made or under
contract, in order to offset the effect of potential market
price fluctuations.
Host
Country
Any country where an organisation has
its world headquarters
Hundred Weight
100 pounds, a unit of weight used in
transportation
High Sea Sale
It describes the transfer of Goods
from the buyer when the material is on high sea
Holding Cost
Also called Carrying cost, it is the
average cost of carrying a unit of an inventory item.
It
normally includes opportunity cost of holding inventory
and other related costs such as overhead and variable
costs
Hub
A large retailer or manufacturer
having many trading partners |
