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17.07.2013 21:35 |
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Professional competence
1) Legal requirement (UK and EU) whereby individuals who run/manage haulage vehicles (ie does not apply to own account) must satisfy TC that they are competent.
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17.07.2013 21:33 |
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Production lead time
1) The time taken to manufacture or produce an item after an external order has been received until the item is available for packing. (Source: ILT Supply-Chain Inventory Management SIG)
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17.07.2013 21:31 |
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Procurement
1) Current term for what used to be known as purchasing or buying - ie the function in a firm of acquiring all the supplies needed for production and support.
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17.07.2013 21:00 |
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Privatization
1) When a government (state) hives off its publicly-owned assets to the private sector (eg as with British Rail in 1993). See also Nationalization.
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17.07.2013 20:58 |
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Private carrier
1) Legal term which means a carrier (ie haulier) who operates under conditions of carriage (ie his own or as member, uses those of RHA) - as opposed to common carrier who does not.
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17.07.2013 20:56 |
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Prime mover
1) The tractive unit of an articulated vehicle combination.
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17.07.2013 21:34 |
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Production of documents
1) To police, usually driving licence(s), vehicle insurance, test/plating certificate as appropriate - on spot or at police station within seven days. Also to DTLR enforcement officer/TC - but 10 days allowed.
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17.07.2013 21:32 |
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Product group
1) A group of related products. See also Family group.
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Probabilistic (or stochastic) inventory control models |
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17.07.2013 21:30 |
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Probabilistic (or stochastic) inventory control models
1) An inventory control system where all the variables and parameters used are treated as random variables. It is assumed that the average demand for items is approximately constant over time and that it is possible to state the probability distribution of the demand, particularly during the lead time for replenishment. (Source: ILTSupply-Chain Inventory Management SIG)
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17.07.2013 20:59 |
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Private hire taxi
1) A taxi that may only undertake pre-booked journeys (ie may not ply for hire in the street).
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17.07.2013 20:57 |
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Principal carrier
1) A carrier who issues a Combined Transport document whether or not goods are carried on his own, a third party's or a consortium member's vehicle or vessel.
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17.07.2013 20:56 |
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Primary distribution
1) Distribution of goods from the point of manufacture to a distribution centre (eg an RDC). See also Secondary distribution.
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