Product Suite

Supply Chain Glossary - F

Supply Chain Glossary - F

free slack

The amount of time by which the completion of an activity in a project network can increase without delaying the start of the next activity.

The grouping of shipments to obtain reduced costs or improved utilization of the transportation function. Consolidation can occur by market area grouping, grouping according to scheduled deliveries, or using third-party pooling services such as public warehouses and freight forwarders.

The practice by more distant suppliers of absorbing the additional freight charges to match the freight charges of a supplier geographically closer to the customer. This is done to eliminate the competitive advantage of lower freight charges that the nearest supplier has.


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