Product Suite

Supply Chain Glossary - C

Supply Chain Glossary - C

cost, insurance, freight (CIF) or CIF

A freight term indicating that the seller is responsible for cost, the marine insurance, and the freight charges on an ocean shipment of goods.

Control of activities to eliminate waste, improve cost drivers, and plan operations. This process should affect the organization's setting of strategy. Factors such as product pricing, introduction of new products, and distribution of existing products are examples of strategic decisions that are affected by cost management.


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