HIFO – Highest In First Out With the HIFO (highest in / first out) procedure, it is assumed that the most expensive goods are always picked up and used first. Inventory is balanced at the lowest prices, which will accrue during the fiscal year. RELATED CONCEPTS FIFO – First In First Out LIFO – Last In First […]
Order Heuristics Order Heuristics (also warehouse maintenance policy) is a concept from warehouse management that determines the timing and quantity of supplies at the point of consumption. Brief description A distinction is made between order rhythm and order point procedure: In the order point procedure, the order is resolved when the resources in the warehouse reach a certain quantity (order point). In the rhythm procedure [...].
GSA - General Sales Agent GSA (General Sales Agent) covers, in terms of profit, all tasks that need to be completed in an airline's service office as an airline representative/agent. These tasks include, among others, submitting AWBs, reporting and checking out cargo, notifying forwarders and clients of arrivals, etc.
GS1 The term GS1 (short for Global System, Global Solution and Global Standard) describes a worldwide, unambiguous system for identifying and coding addresses, items, shipped units, benefits, locations, etc. This type of system forms the basis for the electronic exchange of trade data as well as the standardization of message structures and trade processes. A brief description GS1 performs as a global organization, putting [...]
Gozinto graph The term Gozinto graph is used to describe a graphical presentation used in production planning to convey demand, or also as a support for production scheduling and machine occupancy planning. Brief description The Gozinto graph uses a hierarchical presentation, which means that it starts at the base with raw materials (Rohstoffe =R), contains intermediate products (Zwischenprodukte =Z) in the middle, and at the top [...]
"Warehouse game" Under the name "game" or "warehouse game" we understand the determination in the course of the picking work of the trips on empty and with goods by the operating equipment. Brief description The term "single game" describes a single loading and unloading with an empty trip belonging to it. By the term "double play" we mean a run consisting of receiving into the warehouse, [...]
Materials management is understood as the acquisition, transportation, storage, reuse and disposal of materials, unfinished products, waste, trade goods, spare parts, benefits and information. Not all functions apply to all facilities. The tasks of material management include: management of material supply storage transportation disposal of material (waste management) Objectives securing material liquidity (degree of supply service, degree of [...]
Global Sourcing The term Global Sourcing describes a sourcing strategy that attempts to leverage international sources in a miedzynard market. Brief description The use of international resources plays a central role in Global Sourcing. With increasing globalization, it is becoming simpler, but also more important, not to limit yourself to suppliers from local markets, but to find more favorable [...]
GLN – Global Location Number The abbreviation GLN (Global Location Number) refers to a system for uniquely identifying physical and legal entities. Short description GLN can be used to describe and identify all locations within a supply chain. A physical location is described here as: an address, a floor in a building, a warehouse, a loading ramp, a delivery or pickup point, etc. Furthermore, it can [...]