Contract (bus) services

1) Bus services provided on a regular basis under contract to an organization, a school, college or a firm, for example. These are invariably required to ferry workers or pupils to and from work or school, but they may also be provided for leisure purposes.

Contract maintenance

1) Maintenance of vehicles by a specialist repairer (often the vehicle supplier) on a contracted, regular basis to save the operator incurring the costs and involvement with his own repair facilities.

Contract

1) Legally binding and enforceable contracts exist whether in writing or not provided three basic requirements are met: there is an offer and an acceptance; there is a consideration (ie benefit or payment to one or more parties); there is an intention by the parties to be legally bound by the contract (this is always assumed unless there is a written provision to the contrary).

Continuous improvement (CI)

1) A term that describes the many management practices and techniques used to find and eliminate waste and to general improvements in business processes, quality or costs. (Source: ILT Supply-Chain Inventory Management SIG)

Container ship

1) Ship specially designed and built to carry ISO containers in 20 ft and 40 ft modules in cells (ie cellular ship).

Consumable

1) A classification of stock used to describe items or products that are totally consumed in use, eg paper, oil, grease. (Source: ILT Supply-Chain Inventory Management SIG)