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05.08.2013 07:39 |
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Venture capital
1) Capital risked on new projects, setting up new businesses, or MBOs, etc. Specialized firms (finance houses/bank off-shoots, etc) are set up to provide such.
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05.08.2013 07:34 |
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Vendor hub
1) Third party operation of a warehouse, funded by suppliers, containing vendor-owned stock for delivery to a customer (see lineside warehouse). (Source: ILT Supply-Chain Inventory Management SIG)
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05.08.2013 07:31 |
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Vehicle owner liability
1) See Owner liability.
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05.08.2013 07:29 |
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Vehicle Enquiry Unit
1) A section within the DVLA at Swansea which deals with enquiries about vehicle registration numbers, etc.
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04.08.2013 19:18 |
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Vehicle bans
1) Periods of time (usually at weekends) when goods vehicles (over specified weights) are banned from using roads (ie passing through). Many EC states have such bans and international operators should be aware of these because of the delays they can cause to vehicle schedules.
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04.08.2013 19:16 |
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Vehicle
1) A means of transporting goods or passengers, including lorries, buses and coaches, railway rolling stock, ships and inland waterway craft and aircraft.
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Vendor managed inventory (VMI) |
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05.08.2013 07:38 |
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Vendor managed inventory (VMI)
1) (1) System whereby a supplier is responsible for maintaining pre-determined inventory levels. (2) An element of inventory stocked by one organization but where the forecast demand, and required stock levels to meet that demand, are calculated by the manufacturer or distributor of the stock items concerned. (Source: ILT Supply-Chain Inventory Management SIG)
Source: David Lowe. The Dictionary of Transport and Logistics. Kogan Page, 2002. – P.269 (288 p.)
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05.08.2013 07:31 |
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VeMIS
1) On-board vehicle management data recording equipment. Product of Leafield AVM.
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05.08.2013 07:30 |
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Vehicle Inspectorate
1) Executive agency of DTLR which deals with vehicle testing and both roadside and on-premises inspection of goods and passenger vehicles.
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Vehicle Certification Agency |
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04.08.2013 19:19 |
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Vehicle Certification Agency
1) Executive agency of the DTLR responsible for carrying out tests on new vehicles, vehicle systems and components to ensure they meet international safety and environmental protection standards and for certification of vehicles under the type approval scheme. See also VCA.
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04.08.2013 19:17 |
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Vehicle acquisition
1) Term to describe the process of determining the best (eg most economical) method of obtaining the use of vehicles (outright purchase/hire purchase/lease/contract hire/rental, etc).
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04.08.2013 19:16 |
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Veeder-Root
1) Scottish-based manufacturer of tachograph instruments (among other things). Now taken over by management and operating as TVI Europe Ltd.
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