Supply Chain Glossary - E

Supply Chain Glossary - E

exports

Products produced in one country and sold in another.

The number of times per year that the system risks a stockout. The number of exposures is arrived at by dividing the lot size into the annual usage.

1) Carrier payment to its customers when ships, rail cars, or trailers are unloaded or loaded in less than the time allowed by contract and returned to the carrier for use. See: demurrage, detention. 2) The use of priority package delivery to achieve overnight or second-day delivery.

A positive representation, made by a seller, concerning the nature, character, use, and purpose of goods, that induces the buyer to buy and on which the seller intends the buyer to depend.


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