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Damages
Compensation for loss or injury suffered by one
party to a contract as a result of the other party's
breach
Dangerous Goods
It implies the hazardous goods and is used
extensively in international trade
Decentralised Purchasing
It refers to purchasing by many agencies within an
organisation rather than one central agency looking
after all purchasing
Declared Value
It's the value of goods stated in the shipping
document while transported. It is used for achieving a
lower freight rate or for obtaining insurance
Decoupling Inventories
Inventories held between processes to make possible
the independent control of two processes
Delivery Receipt
A carrier document indicating that the shipment
was delivered once signed by the consignee. It's also
called delivery challan
Delivery Terms
Conditions in a contract relating to carrier and
routing , freight charges, place and time of delivery
Delivery to point of use
Items delivered directly to the end user bypassing
the inspection process / route
Delphi Method
A method of forecasting where a panel of experts
is polled repetitively in writing to develop a
consensus prediction of future environmental
conditions
Demand Elasticity
The sensitivity of demand to price changes
Demurrage
A fee charged by a carrier to compensate for the
detention of the carrier's equipment in excess of
allowable free time for loading, unloading ,
reconsigning or stopping in transit
Dependent Demand
Derived from or contingent upon the demand for
another component or a finished product.
Design Specifications
A complete description of an item such as size,
shape , capacity ,dimensions, tolerances etc.
Devaluation
A decline in the value of a country's currency vis
a vis the currencies of other countries
Differential Exchange Rates
Different exchange rates imposed by a country's
government , depending upon the nature of the goods
imported
Digital Certificate
A security attachment to an electronic message to
verify the identity of the sender and enable the
receiver of the message to reply. Digital certificates
are issued by third parties known as certification
authorities
Digital Signature
Short units of data bearing mathematical
relationships to the data in the document's content
that are transmitted using public key cryptography
programs. These programs create a pair of keys (one
public key, one private key). And what the private key
encrypts only the public key can decrypt
Direct Costs
These are costs that can be identified with
individual units of outputs. These costs are usually
treated as variable and do not include general
overhead or common cost allocations
Direct Materials Cost
Expenses for the materials that become part of
finished products, i.e raw materials , components etc.
Discriminatory Price
A selling situation in which a supplier offers
similar or identical items for sale, in identical
quantities to different purchasers at different prices
Disposal
The process of removal of inventory items from an
organisation's premises
Diversion
A carrier service that permits changing the
destination or consignee of a shipment that is en
route, either with or without an additional fee. This
is performed only at the request of the owner of the
goods
Dock to Stock
Goods and materials purchased from certified
suppliers that skip incoming inspection and go
directly into inventory upon delivery
Door to Door
Delivery of a good directly from the consignor to
the consignee's specified location
Dry Lease
A lease agreement for a piece of transportation
equipment that does not include the provision of fuel
or crew for its operation. It's often found in the
airline industry
During the fact control
Methods used to monitor and manage quality during
the production process
Duty
A tariff imposed by a government on imported
goods, exported goods, or the use of goods
Dumping
The practice of selling a product overseas at
prices below those in its home market. |
