There are 336 entries in the glossary.
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| Carrying Cost | Also called holding cost, carrying cost is the cost associated with having inventory on-hand. It primarily refers to the costs associated with the inventory investment, plus any storage costs. If the cost does not change based upon the quantity of inventory on-hand it should not be included in the carrying cost. Carrying cost is represented as the annual cost per average on-hand inventory unit. |
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| CASS Certification | The Coding Accuracy Support System certification process is used to improve deliverability and qualification for postal automation discounts. Mailers or their list suppliers must use "CASS" certified software to update the zip code, zip+4, and DP Barcode data on their mailing lists. Mailers must be able to demonstrate that their lists are CASS certified to claim postal discounts by submitting a report to the US Postal Service. |
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| Check Character | Characters added to a bar code to verify a correct read of the bar code. Check characters are usually the result of a mathematical calculation based upon the data in the bar code. Not all bar codes contain check characters. |
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| Code 128 (UCC/EAN) | A variable length, continuous, self-checking, alphanumeric barcode font. Its data character set contains 105 characters in each of three unique subsets. Each character consists of three bars and three spaces consuming 11 modules of width. |
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| COGS | See Cost of Goods Sold
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| Column | Two or more units tiered on top of one another. |
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| Compliance Labels | Standardized label formats used by trading partners. Compliance labels are used as shipping labels, container/pallet labels, carton labels, or piece labels, and usually contain bar codes. |
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| Configuration | 1. The components that make up a computer system (which model and what peripherals) 2. The physical arrangement of those components (what is placed where) 3. The software settings of an application |
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| Consignment Inventory | Inventory that is in the possession of a customer, but is still owned by a supplier. Consignment inventory is used as a marketing tool to make it easier for a customer to stock a specific supplier's inventory. The customer pays for the inventory only after it is resold or consumed.
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| Container | Containers are standardized metal compartments for for intermodal transportation of products. Standard external dimensions for containers are a width of 8 feet, and a height of either 8.5 feet or 9.5 feet, and lengths of 20, 40, and 45 feet. |
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| Containerization | From the JIT movement in manufacturing, containerization refers to using standardized containers for the storage and transport of materials within a manufacturing facility as well as between vendors and manufacturers. Materials are ordered in multiples of the container quantity often using Kanban. The benefits of containerization include reduced product damage, reduced waste (by using reusable containers), less handling, and greater levels of inventory accuracy by simplifying counting processes. |
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| Contingency | An allowance made to provide for or protect desirable conditions in the future. |
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| Continuous Improvement | A quality philosophy that assumes further improvements are always possible and that processes should be continuously re-evaluated and improvements implemented. |
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| Contract Warehouse | A business that handles shipping, receiving, and storage of products on a contract basis. Contract warehouses will generally require a client to commit to a specific period of time for their services. Contracts may or may not require clients to purchase or subsidize storage and material-handling equipment. Fees for contract warehouses may be transaction and storage based, fixed, cost plus, or any combination. |
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| Cost of Goods Sold | Accounting term used to describe the total value (cost) of products sold during a specific time period. Since inventory is an asset, it is not expensed when it is purchased or produced. It instead goes into an asset account (usually called Inventory). When product is sold, the value of the product (the cost, not the sell price) is moved form the asset account to an expense account called cost of goods sold or COGS. COGS appears on the profit-and-loss statement and is also used for calculating inventory turns. |
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| Cost of Money | The amount of interest that would be earned if the dollar value of inventory were invested at the State's current investments earning rate. |
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| Count Frequency | The number of times per year an item is counted. Count frequency is used to calculate cycle count period. |
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| Count Sheet | A document used in cycle counting and physical inventories to facilitate the counting of inventory. A count sheet will contain multiple items and locations to be counted and can be a simple, paper report or a live document produced by cycle counting applications. |
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| Critical Stock | A commodity that must be maintained in inventory, though little used, to respond to expressed need. These commodities do not necessarily meet the criteria to be classified as emergency stock but are required to keep equipment or programs operating. |
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| Cross Aisle | A passageway at right angles to main aisles, used for the movement of supplies, equipment and personnel. |
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| Cross Stacking | The placing of a layer of containers at right angles to those just below to increase the stability of the stack. |
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| Cross-Docking | The action of unloading materials from an incoming trailer or rail car and immediately loading these materials in outbound trailers or rail cars, thus eliminating the need for warehousing (storage). |
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| CSV | The comma-separated values (.CSV) file format is a non-standard, delimited data format that has fields separated by the comma character and records separated by newlines. Fields which contain a comma, newline, or double quote character typically must be enclosed in double quotes. If a field's value contains a double quote character it is escaped by placing another double quote character before it. The .CSV file format does not require a specific character encoding, byte order, or line terminator format. The lack of a formal .CSV standard means that not all comma-separated value files can be shared between all systems. |
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| Current Cost | Inventory costing method that applies the cost of the most recent receipt of all inventory for a specific item. |
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| Customer Service Level | The minimum level of support deemed acceptable by the warehouse operations management. Includes the availability of stock items when required and in the quantity required. |
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| Cycle Counting | Any process that verifies the correctness of inventory quantity data by counting portions of the inventory on an ongoing basis, i.e. any process that uses regularly scheduled counts but does not count the entire facility's inventory in a single event. |
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| Cycle Time | The time from start to finish of a specific tasks of group of tasks. Cycle time is an important measurement for benchmarking, budgeting, and staffing. |
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