Inventory An inventory is a physical listing of all the components of an enterprise and its debts at some specific point in time. Brief description The task of inventory is to examine the value of assets and debts at a certain time in a company, evaluate and determine them. The result of the inventory is reflected in the inventory. According to commercial law, a commercial enterprise is obliged at the end of each business year to prepare [...]
Intrastat Intrastat is an omnibus system for recording all actual material flows between individual member countries of the European Union. With this system, after the abolition of customs formalities for the transportation of goods within the EU, an observation platform was created for the registration of intra-Community trade. Brief Description To achieve transparency in the space of free movement of goods that is the European Union [...]
Intralogistics The term intralogistics describes the organization, execution and optimization of internal material flows and logistics streams within a company. Brief Description This new term refers to the section between two defined points in the total logistics chain. It describes the internal flow of materials located between different logistics nodes and is meant to find a common denominator for these concepts. RELATED CONCEPTS Logistics
Supplier integration Supplier integration means that within the supply chain from customer to supplier and vice versa, information is transferred and processes are combined. Through this rapid exchange of information for planning, control and partial transfer of process responsibility, transparency is gained in the chain for all participants. RELATED CONCEPTS SRM - Supplier Relationship Management
Insourcing Insourcing describes the implementation of services previously foreign to the company, or the re-implementation of activities previously transferred to an outside company. Brief description Insourcing is the opposite of outsourcing, i.e. performance optimization. With insourcing, activities or components of activities are implemented into the company and optimized. The most important goal is to bind and specialize certain areas of know-how in the company. CONCEPTS [...]
Incoterms Incoterms are international regulations defining terms of trade, which were first established in 1936 by the Paris Chamber of Commerce (ICC). The latest version of Incoterms 2000, Publication No. 560 has been in use since 01/01/2000. Brief description Incoterms do not have the force of law, which means that their validity depends on the will of the parties. They gain [...]
Inbound The term Inbound describes a stream of goods and information that flows into a facility, possibly to some facility. Brief Description Specifically, in a logistics environment, the term Inbound explains the system of an incoming stream of goods. These streams begin at the point of shipment and usually end at the warehouse or directly at the production site. RELATED CONTRACTS Outbound Products [...]
Error quantity Error quantity (in parts per million) consists of erroneous parts with the total number of parts. Brief Description Coming from the field of quality management, the error quantity (also error rate) is an important indicator for the quality of production and processes in a company or Supply Chains. It allows for statements regarding supplier performance, error rate in trade or [...]
ICAO ICAO stands for International Civil Aviation Organization. This institution is a specialized agency of the United Nations that carries out civil air traffic planning. The tasks of this organization are: standardization and safety of air traffic, regulation of international traffic law of all member states and development of infrastructure. ICAO RELATED TERMS IATA CEMT FIAT
IATA The term IATA stands for International Air Transport Association, it is the International Air Transport Association. Brief description The most important goal of IATA is to unify and standardize all required steps related to check-in, passenger and cargo transportation. Its responsibilities also include setting fares for carriage, as well as mutually agreeing flight plans for interstate air traffic. Further [...]