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27.07.2013 19:03 |
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Subrogation
1) Term used in marine insurance whereby one person is substituted for another, inheriting the former's rights and liabilities in the process.
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27.07.2013 19:01 |
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Sub-contractor
1) A person/firm to whom the main contractor (ie the principal) has contracted work (eg haulage work). In law, the principal contractor remains liable to the customer if goods in the care of a subcontractor are lost or damaged.
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27.07.2013 18:59 |
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Structure plan
1) A statutory development plan prepared by, for example, a County Council which sets out the policy for local land use and transport over a period ahead (eg 10 to 15 years).
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27.07.2013 18:57 |
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Strategy
1) A medium to long-term plan of action.
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27.07.2013 18:56 |
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Strategic planning
1) Planning the long-term objectives of a business or a department within a company and the methods to be employed to achieve those objectives.
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Straight-line depreciation |
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27.07.2013 18:54 |
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Straight-line depreciation
1) System whereby depreciation is spread equally over a specified period of years (eg five years).
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27.07.2013 19:02 |
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Subordinate legislation
1) Legislation which is subordinate (ie lower in status) to the main provisions (eg regulations/orders made under powers given in an Act of Parliament).
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27.07.2013 19:00 |
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Stuffing/stripping
1) The process of packing or unpacking a trailer or container.
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27.07.2013 18:58 |
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Streetcar
1) American term for a tram or trolleybus system.
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27.07.2013 18:57 |
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Strategic stock
1) The stock of goods of essential importance for the continuation of the production process and which is built up in order to compensate for long hold-ups of incoming goods (caused by strikes and political difficulties, etc in a particular country or region). (Source: ILT Supply-Chain Inventory Management SIG)
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27.07.2013 18:55 |
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Strategic alliance
1) Term used in logistics operations when one company forms a relationship with another (ie an alliance) for the purposes of jointly exploiting business opportunities - but not a merger or takeover.
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27.07.2013 18:53 |
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Straddle carrier
1) Form of crane on wheels designed specially to lift and transport shipping (ie ISO) containers (ie fitted with twist-lock fittings at each corner) from road vehicles to rail, etc and capable of stacking such two/three high.
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