Global Tender Materials Management Vocabulary

 

 

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General Agents

Agents with broad powers and considerable latitude in using their own judgment to carry out duties assigned to them by their principals

GATT
Multilateral agreements created in 1947 to reduce barriers to world trade. Succeeded by the World Trade Organisation (WTO)

Global Sourcing
The procurement of goods or services outside the limits of a country i.e. international 

Global Tender
A tender which is open internationally for offers by the interested tenderers. It is given wide publicity so as to have global reach

Goods Booked to Self
A term used in Railway transportation where the delivery of the consignment can be taken only on production of the Railways Receipt

Gain Sharing
A method of incentive compensation where supply chain partners share collectively in savings from productivity improvements. The concept provides an incentive to both the buying and supplier organizations to focus on continually reevaluating, re-energizing, and enhancing their business relationship. All aspects of value delivery are scrutinized, including specification design, order processing, inbound transportation, inventory management, obsolescence programs, material yield, forecasting and inventory planning, product performance and reverse logistics. The focus is on driving out limited value cost while protecting profit margins.

General commodities carrier
A common motor carrier that has operating authority to transport general commodities, or all commodities not listed as special commodities.

General-merchandise warehouse
A warehouse that is used to store goods that are readily handled, are packaged, and do not req1ire a controlled environment.

Global Trade Item Number (GTIN)
A unique number that comprises up to 14 digits and is used to identify an item (product or service) upon which there is a need to retrieve pre-defined information that may be priced, ordered or invoiced at any point in the supply chain. The definition covers raw materials through end user products and includes services, all of which have pre-defined characteristics. GTIN is the globally-unique EAN.UCC System identification number, or key, used for trade items (products and services). It’s used for uniquely identifying trade items (products and services) sold, delivered, warehoused, and billed throughout the retail and commercial distribution channels. Unlike a UPC number, which only provides information specific to a group of products, the GTIN gives each product its own specific identifying number, giving greater accuracy in tracking.

Gondola
A rail car with a flat platform and sides three to five feet high; used for top loading of items that are long and heavy.

Goods Received Note (GRN)
Documentation raised by the recipient of materials or products as a mark of receipt of goods.

Gross Inventory
Value of inventory at standard cost before any reserves for excess and obsolete items are taken.

Gross weight
The total weight of the vehicle and the payload of freight or passengers.

 

 

 

 

 

 

 Get terms alphabeticallyA B C D E F G H I J K L M N O P Q R S T U V W X Y Z

 

 

 

 

 

 

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