Workflow analysis By process analysis or workflow analysis we mean the analysis, representation and evaluation of processes and workflows within an enterprise or value creation chain. All relationships between the people involved, activities, work resources and funds are examined and recorded. Brief description The presentation of workflow analysis usually takes graphic form in the form of a flowchart, supported [...]
Break-even analysis, break-even analysis Break-even analysis (BEA) provides an answer to the question of how much turnover a company must achieve or how many products it must sell in order to recoup fixed costs. Brief description Break-even analysis (BEA) calculations help a company analyze changes in cost structure and define a minimum amount of sales. If a dynamic version of such analysis is applied, [...]
Potential analysis By potential analysis we mean a comparison of demands and achievements, as well as the identification of possible potentials and opportunities in the logistics area. Brief Description In a potential analysis, also known as a logistics audit, the current achievements of logistics are compared with demands, and the performance of processes and structures is inspected. The purpose of this analysis is to identify strengths as well as [...]
Image analysis By image analysis we mean systems for automatic pattern recognition and electronic image processing. This method of data collection is used, for example, in geology, cartography, medicine and other fields. Automatic parcel registration Laser parcel recognition Short description Analysis [...]
GAP analysis GAP analysis (also gap analysis) is a strategic management instrument for identifying operational and strategic gaps in a given enterprise. The planned situation and the actual situation are compared here to show possible discrepancies. Brief description Various economic criteria, such as turnover or profit targets, are used to conduct a GAP analysis. The data [...]
ABC analysis is a specific classification of inventory items. Due to its universal nature, it is used in the classification of items, in evaluating customers and suppliers, and in prioritizing activities. Brief description : The classification depends on the scope of material management and can look as follows: A - important / high-value / high turnover B - medium-important / medium-value [...]
All Risk is referred to as (transportation) insurance that covers all possible perils and risks with its coverage, safeguarding them if they are not excluded in writing in the policy. Brief description This form of insurance provides the broadest protection and appears most often with high-value goods and urgent shipments. All Risk insurance can be covered by the [...]
A letter of credit (letter of credit, L/C) is a commonly used instrument in foreign trade to secure payment for the delivery of goods and is valid as an obligation between the two parties. Brief description A letter of credit is opened by the importer with his lending institution. The importer pays a certain amount to his bank, and then tells the financial institution what documents the exporter must submit so that they can transfer [...]
EAN stands for "European Article Number" and represents the product designation for commercial goods. Brief description EAN/UPC symbology (is the basis for the following symbols: EAN-13, EAN-8, UPC-A, UPC-E, as well as for 2- and 5-place additional symbols (Add on)), is a family of bar codes that can be read in an omni-directional manner (i.e., regardless of position). All units that [...]
Airwaybill (AWB, air waybill) is a document that describes the conclusion and content of a contract of carriage in air transportation.