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Shortage (or Stockout) costs |
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25.07.2013 15:08 |
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Shortage (or Stockout) costs
1) The economic consequences of an external or internal inability to meet a demand from stock. External impacts can include backorder costs, present profit loss from lost sales and future profit loss from loss of goodwill and reputation.
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25.07.2013 15:06 |
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Shipper
1) Industry term for person/firm who consigns (ie sends/despatches) goods for transport - namely, the consignor.
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25.07.2013 15:04 |
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Shelf life
1) The maximum time an item may be stored before use.
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Shared user (distribution) |
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25.07.2013 15:02 |
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Shared user (distribution)
1) A term used in distribution operations to indicate a system whereby the products of a number of clients are consolidated into economic vehicle loads for particular destinations.
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25.07.2013 15:00 |
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Service level
1) (1) Distribution term meaning the level (ie frequency, accuracy and speed) of delivery service given to customers (normally refers to standard level rather than exceptional). (2) The desired probability that a demand can be met from stock (for an individual item, group of items or a system) which can be expressed in a number of ways:
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25.07.2013 14:56 |
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Service
1) Regarding legal proceedings, the serving on a person/firm of a summons or writ (ie answerable in Court).
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25.07.2013 15:07 |
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Shipping invoice
1) Document relating to goods shipped. It usually shows all relevant details of consignee and consignor, the nature and amount of the goods and their loading point and final destination.
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25.07.2013 15:05 |
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SHInc
1) Abbreviated term used in shipping meaning that Sundays and holidays are included.
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25.07.2013 15:03 |
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Shared user solution
1) See Shared user (distribution). Used to be called general haulage.
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25.07.2013 15:01 |
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SETA
1) Sectoral Education and Training Authority. New concept in training provision with a SETA to be established for an industry (eg transport) and for chambers within the SETA to accommodate the interests of individual sectors (eg road, rail, passenger and shipping).
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25.07.2013 14:56 |
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Service brake
1) Main part of vehicle braking system intended to meet normal braking requirements and providing the highest efficiency of any part of the vehicle braking system (ie 50 per cent efficiency on post-1968 goods vehicles).
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25.07.2013 14:55 |
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SERPS
1) State earnings related pension scheme. A government pension scheme for all employees based on earnings - additional to the 'old age pension' - unless contracted out by employer offering an approved personal pension scheme (APPS) with benefits equal to SERPS.
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