VMI: Vendor Managed Inventory

VMI: Vendor Managed Inventory

by | Dec 20, 2022 | Glossary

GLOSSARY VMI: Vendor Managed Inventory Vendor Managed Inventory (VMI) is an inventory control system used by manufacturers, wholesalers and retailers that simplifies the supply chain process. It’s designed to move inventory as efficiently and cost effectively as...

TEU: Twenty Foot Equivalent Unit

by | Dec 20, 2022 | Glossary

GLOSSARY TEU: Twenty Foot Equivalent Unit A Twenty foot Equivalent Unit (TEU) is a standard measure for cargo containers. This standardized size has made it possible for different box sizes to be accommodated in loading and transport processes. It was devised based on...
Straight Bill of Lading

Straight Bill of Lading

by | Dec 19, 2022 | Glossary

GLOSSARY Straight Bill of Lading A straight bill of lading, also known as a nonnegotiable bill of lading, is a commonly used document in the shipping and freight industry. It is a contract between an exporter and a carrier that proves ownership of the goods being...
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