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Perpetual inventory system |
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17.07.2013 19:21 |
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Perpetual inventory system
1) An inventory control system where a running record is kept of the amount of stock held for each item. Whenever an issue is made, the withdrawal is logged and the result compared with the re-order point for any necessary reorder action. (Source: ILT Supply-Chain Inventory Management SIG)
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17.07.2013 19:19 |
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Permit
1) See Road haulage permit.
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17.07.2013 19:15 |
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Peripheral
1) Regarding computers, term for parts added on/plugged in (additional storage capacity - ie hard disk; disk drive - to speed-up processing; printer, etc).
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17.07.2013 19:13 |
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Periodic inventory
1) An inventory control system classification for independent demand items where the number of items held is reviewed at a fixed time interval and the size of any resultant order depends on the stock on hand at the time of the review. (Source: ILT Supply-Chain Inventory Management SIG)
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17.07.2013 19:12 |
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Period permit
1) Form of bi-lateral road haulage permit for international operations which permits unlimited journeys to a specified country during a specified period of time - as opposed to journey permits which cover only single journeys.
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17.07.2013 19:10 |
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PERA
1) Production Equipment Research Association. Transport/distribution connection is via relevant seminars/conferences run periodically.
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17.07.2013 19:20 |
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Permitted tolerances
1) Regarding tachograph calibration, etc, the tolerances on speed, distance and time recording legally permitted at various stages (ie on test, on installation, in use).
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17.07.2013 19:18 |
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Peristaltic
1) As in peristaltic conveyor for example. Based on the science of peristalsis - the constriction and relation of muscles in a canal (eg the throat) creating wave-like movements which push the contents of the canal forward.
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17.07.2013 19:14 |
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Periodical test
1) Regarding goods vehicle testing, the part 3 test which is carried out annually after the first test. See Part I - V (MOT tests).
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17.07.2013 19:13 |
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Periodic inspection
1) Legal requirement for employers to inspect driver's tachograph charts to ensure the law has been complied with and if breaches are found to take appropriate steps to prevent repetition.
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17.07.2013 19:11 |
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Performance indicator
1) A predetermined factor of performance (standard) against which actual performance is measured to see whether the actual is above or below standard.
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17.07.2013 19:09 |
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Per pro
1) Term used in business/commercial correspondence meaning 'on behalf of (ie where one person signs a letter on behalf of another.
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