Decentralized Purchasing, Demurrage, Direct Materials Cost, Dock to Stock

 

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Detailed terminology list , in pdf form, will soon be available

 
 

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

 
 
 
 
 
 
 

Get terms alphabetically:  A B C D E F G H I J K L M N O P Q R S T U V W X Y Z   

 
 
 

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