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Terms & Acronyms

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Words, compound words or multi-word expressions that in business context are given specific meanings—these may deviate from the meanings the same words have in other contexts and in everyday language.

OpenReference Terms are based on consensus agreement of our contributors. Specific industries may give a different meaning to a Term. OpenReference intends to provide the meaning (definition) that is acceptable to a majority of industries. A reference to industry specific deviations may be included.

(Best) Practices are considered Terms in OpenReference.

1
  • 110 (EDI 110 Air Freight Details and Invoice)
  • 180 (EDI 180 Return Merchandise Authorization and Notification)
  • 1PL (First-Party Logistics)
2
  • 204 (EDI 204 Motor Carrier Load Tender)
  • 210 (EDI 210 Motor Carrier Freight Invoice)
  • 214 (EDI 214 Transportation Carrier Status Update)
  • 2PL (Second-Party Logistics)
  • 2WM (Two-Way Matching)
3
  • 300 (EDI 300 Reservation/Booking Request (Ocean))
  • 301 (EDI 301 Booking Confirmation (Ocean))
  • 303 (EDI 303 Booking Cancellation (Ocean))
  • 304 (EDI 304 Shipping Instructions (Ocean))
  • 309 (EDI 309 Customs Manifest)
  • 310 (EDI 310 Freight Receipt and Invoice (Ocean))
  • 312 (EDI 312 Arrival Notice (Ocean))
  • 315 (EDI 315 Status Details (Ocean))
  • 323 (EDI 323 Vessel Schedule and Itinerary (Ocean))
  • 3PL (Third-Party Logistics)
  • 3WM (Three-Way Matching)
4
  • 4PL (Fourth-Party Logistics)
  • 4WM (Four-Way Matching)
5
  • 511 (EDI 511 Requisition)
  • 5PL (Fifth-Party Logistics)
8
  • 810 (EDI 810 Invoice)
  • 820 (EDI 820 Payment order/Remittance Advice (EFT))
  • 830 (EDI 830 Planning Schedule/Material Release)
  • 850 (EDI 850 Purchase Order)
  • 855 (EDI 855 Purchase Order Acknowledgement)
  • 856 (EDI 856 Ship Notice/Manifest (ASN))
  • 861 (EDI 861 Receiving Advice)
  • 862 (EDI 862 Shipping Schedule)
9
  • 990 (EDI 990 Load Tender Response)
  • 997 (EDI 997 Functional Acknowledgment)
A
  • A2R (Acquire-to-Retire)
  • ABC (ABC Analysis)
  • ACK (Order Acknowledgment)
  • AP (Accounts Payable)
  • AR (Accounts Receivable)
  • ASN (Advance Shipment Notice)
  • ATO (Assemble-to-Order)
  • ATP (Available-To-Promise)
  • AVL (Approved Vendor List)
  • AWB (Air Waybill)
  • Accessorial (Accessorial Charge)
  • Air (Air Transport)
  • Appetite (Risk Appetite)
B
C
  • C-TPAT (Customs-Trade Partnership against Terrorism (C-TPAT))
  • C2C (Consumer-to-Consumer)
  • CAC (Core Accessorial Charge)
  • CE (Circular Economics)
  • CE1 (Extending Loop)
  • CE2 (Sharing loop)
  • CE3 (Repurpose Loop)
  • CE4 (Renewable Loop)
  • CEP (Courier Express and Parcel)
  • CFR (Cost and Freight (Destination Port))
  • CIF (Cost, Insurance and Freight (Destination Port))
  • CIP (Carriage and Insurance Paid To (Destination))
  • CKD (Complete Knock Down)
  • CLC (Customer Life Cycle)
  • CM (Contract Manufacturer)
  • COA (Certificate of Analysis)
  • COC (Certificate of Compliance)
  • CODP (Customer Order Decoupling Point)
  • CONTRL (EDIFACT Syntax and Service Report (CONTRL))
  • COO (Certificate of Origin)
  • COTD (Complete & On-Time Delivery)
  • CP (Commodity Profile)
  • CPG (Consumer Packaged Goods)
  • CPQ (Configure, Price & Quote Software)
  • CPT (Carrier Paid To (Destination))
  • CRDD (Customer Requested Delivery Date)
  • CRM(S) (Customer Relationship Management System)
  • CRSD (Customer Requested Shipment Date)
  • CSCE (Statement of Changes in Equity)
  • CSCF (Statement of Cash Flows)
  • CSCI (Statement of Comprehensive Income)
  • CSDD (Current Scheduled Delivery Date)
  • CSF (Customer Specific Forecast)
  • CSFP (Statement of Financial Position)
  • CSSD (Current Scheduled Shipment Date)
  • CTO (Configure-To-Order)
  • CUSDEC (EDIFACT Customs Declaration (CUSDEC))
  • CUSEXP (EDIFACT Customs Express Consignment Declaration (CUSEXP))
  • Carrier (Carrier)
  • Consignee (Consignee)
  • Consignor (Consignor)
D
  • D&D (Demurrage and Detention)
  • DAP (Delivered at Place (Destination))
  • DAS (Dock Appointment Scheduling)
  • DAT (Delivered at Terminal (Destination or Destination Port))
  • DC (Distribution Center)
  • DDP (Delivered Duty Paid (Destination))
  • DELJIT (EDIFACT Delivery Just-In-Time (DELJIT))
  • DESADV (EDIFACT Dispatch Advice (DESADV))
  • DFZ (Duty-Free Zone)
  • DL (Delivered)
  • DOA (Defective On Arrival)
  • DPL (Denied Party List)
  • DRP (Distribution Requirements Planning)
  • DRP-II (Distribution Resource Planning)
  • Dates (Commonly Used Dates)
  • Demurrage (Demurrage)
  • Depreciation (Depreciation)
  • Detention (Detention)
E
  • E-AWB (Electronic Air Waybill)
  • E-BOM (Engineering BOM)
  • E2E (End-to-End)
  • EAN (International Article Number)
  • EAS (Enterprise Application Software)
  • EDI (Electronic Data Interchange)
  • EDIFACT (EDI For Administration, Commerce and Trade)
  • EOL (End-of-Life)
  • EOQ (Economic Order Quantity)
  • EPS (Earnings per Share)
  • ERP(S) (Enterprise Resource Planning System)
  • ESIG (Electronic Signature)
  • ETA (Estimated Time of Arrival)
  • ETD (Estimated Time of Departure)
  • ETO (Engineer-to-Order)
  • EXW (Ex Works (Origin))
F
  • F2P (Forecast-to-Plan)
  • FAS (Free Alongside Ship (Departure Port))
  • FCA (Free Carrier (Carrier))
  • FCL (Full Container Load)
  • FEFO (First Expired, First Out (FEFO))
  • FF&S (Form, Fit & Seal)
  • FG (Finished Goods)
  • FIFO (First In, First Out)
  • FMCG (Fast Moving Consumer Goods)
  • FOB (Free On Board (Departure Port))
  • FSN (Field Safety Notice)
  • FSU (Freight Status Update)
  • FTL (Full Truck Load)
  • Factoring (Accounts Receivable Factoring)
  • Frameworks (Standard Frameworks)
G
H
  • H2R (Hire-to-Separation)
  • HRM(S) (Human Resources Management System)
  • HTLT (High Tech, Low Touch)
  • HazMat (Hazardous Materials)
I
  • I2O (Inquiry-to-Order)
  • IAS01 (IAS 1 Presentation of Financial Statements)
  • IAS02 (IAS 2 Inventories)
  • IAS07 (IAS 7 Statement of Cash Flows)
  • IAS08 (IAS 8 Accounting Policies, Changes in Estimates & Errors)
  • IAS10 (IAS 10 Events aft the Reporting Period)
  • IAS11 (IAS 11 Construction Contracts*)
  • IAS12 (IAS 12 Income Taxes)
  • IAS16 (IAS 16 Property, Plant & Equipment)
  • IAS17 (IAS 17 Leases*)
  • IAS18 (IAS 18 Revenue*)
  • IAS19 (IAS 19 Employee Benefits)
  • IAS20 (IAS 20 Accounting for Government Grants & Assistance)
  • IAS21 (IAS 21 Effects of Foreign Exchange Rates)
  • IAS23 (IAS 23 Borrowing Costs)
I cont.
  • IAS24 (IAS 24 Related Party Disclosures)
  • IAS26 (IAS 26 Retirement Benefit Plans)
  • IAS27 (IAS 27 Separate Financial Statements)
  • IAS28 (IAS 28 Investments in Associates & Joint Ventures)
  • IAS29 (IAS 29 Hyper-inflationary Economies)
  • IAS32 (IAS 32 Presentation)
  • IAS33 (IAS 33 Earnings per Share)
  • IAS34 (IAS 34 Interim Financial Reporting)
  • IAS36 (IAS 36 Impairment of Assets)
  • IAS37 (IAS 37 Provisions, Contingent Liabilities & Contingent Assets)
  • IAS38 (IAS 38 Intangible Assets)
  • IAS39 (IAS 39 Recognition & Measurement*)
  • IAS40 (IAS 40 Investment Property)
  • IAS41 (IAS 41 Agriculture)
  • IFRS (International Financial Reporting Standards)
  • IFRS01 (IFRS 1 First-time Adoption)
  • IFRS02 (IFRS 2 Share-based Payment)
  • IFRS03 (IFRS 3 Business Combinations)
  • IFRS04 (IFRS 4 Insurance Contracts)
  • IFRS05 (IFRS 5 Non-current Assets Held for Sale)
  • IFRS06 (IFRS 6 Mineral Resources Exploration & Evaluation)
  • IFRS07 (IFRS 7 Disclosures)
  • IFRS08 (IFRS 8 Operating Segments)
  • IFRS09 (IFRS 9 Financial Instruments)
  • IFRS10 (IFRS 10 Consolidated Financial Statements)
  • IFRS11 (IFRS 11 Joint Arrangements)
  • IFRS12 (IFRS 12 Interests in Other Entities)
  • IFRS13 (IFRS 13 Fair Value Measurement)
  • IFRS14 (IFRS 14 Regulatory Deferral Accounts)
  • IFRS15 (IFRS 15 Revenue)
  • IFRS16 (IFRS 16 Leases)
  • IFRS17 (IFRS 17 Insurance Contracts)
  • IFTMAN (EDIFACT Arrival Notice (IFTMAN))
  • IFTMBC (EDIFACT Booking Confirmation (IFTMBC))
  • IFTMBF (EDIFACT Firm Booking (IFTMBF))
  • IFTMBP (EDIFACT Provisional Booking (IFTMBP))
  • IFTMCS (EDIFACT Instruction Contract Status (IFTMCS))
  • IFTMIN (EDIFACT Instruction (IFTMIN))
  • IFTSTA (EDIFACT Instruction (IFTSTA))
  • INCO (Incoterms)
  • INV (Inventory)
  • INVOIC (EDIFACT Invoice (INVOIC))
  • IR (Information Received)
  • ISBN (International Standard Book Number)
  • IT (In Transit)
  • IV (Invoice Verification)
  • Invoice (Invoice)
J
  • JIS (Just-In-Sequence)
  • JIT (Just-In-Time)
K
L
  • LCL (Less-Than-Container Load)
  • LIFO (Last In, First Out)
  • LIMS (Laboratory Information Management System)
  • LOLO (Lift On, Lift Off)
  • LPN (License Plate Numbering)
  • LSP (Logistics Service Provider)
  • LTHT (Low Tech, High Touch)
  • LTL (Less-Than-Truck Load)
  • LTMT (Low Tech, Medium Touch)
  • Land (Land Transport)
  • Load (Load type)
M
  • M-BOM (Manufacturing BOM)
  • MES (Manufacturing Execution System)
  • MIT (Merge-In-Transit)
  • MOU (Memorandum of Understanding)
  • MPS (Master Production Schedule)
  • MRO (Maintenance, Repair and Overhaul)
  • MRP (Material Requirements Planning)
  • MRP-II (Manufacturing Resource Planning)
  • MTO (Make-to-Order)
  • MTS (Make-to-Stock)
  • MaaS (Mobility-As-A-Service)
  • Make (Make Product)
  • Min/Max (Min/Max)
N
  • NVOCC (Non-Vessel-Owning Common Carrier)
O
  • O2C (Order-to-Cash)
  • OAC (Other Accessorial Charge)
  • OD (Out for Delivery)
  • OE (Order Engineering)
  • OP (Order Promising)
  • ORDERS (EDIFACT Purchase Order (ORDERS))
  • ORDRSP (EDIFACT Purchase Order Response (ORDRSP))
  • OSDD (Original Scheduled Delivery Date)
  • OSSD (Original Scheduled Shipment Date)
  • OTB (Open-to-Buy)
  • Order (Order)
P
  • P-BOM (Planning BOM)
  • P2M (Plan-to-Move)
  • P2P (Plan-to-Produce)
  • PLC (Product Life Cycle)
  • PLM(S) (Product Lifecycle Management Software)
  • PO (Purchase Order)
  • POD (Proof of Delivery)
  • PP&E (Property, Plant & Equipment)
  • PP&S (Pick, Pack & Ship)
  • PQQ (Pre-Qualification Questionnaire)
  • PRO (PRO Number)
  • PTC (Pricing, Terms & Conditions)
  • PTO (Package-to-Order)
  • PU (Picked Up)
  • PaaS (Product-As-A-Service)
  • Payment Terms (Payment Terms)
Q
  • Q2C (Quote-to-Cash)
  • QC (Quality Control)
  • Quote (Quotation)
R
  • R2A (Risk-to-Assurance)
  • R2R (Record-to-Report)
  • RBS (Risk Breakdown Structure)
  • RBT (Risk Bow Tie)
  • RECADV (EDIFACT Receiving Advice (RECADV))
  • REQ (Requisition)
  • RFI (Request for Information)
  • RFP (Request for Proposal)
  • RFQ (Request for Quote)
  • RL (Reverse Logistics)
  • RL1 (Commercial Return)
  • RL2 (Byproduct Return)
  • RL3 (Quality Control Return)
  • RL4 (Surplus Return)
  • RL5 (Warranty Return)
  • RL6 (Service Return)
  • RL7 (Recall Return)
  • RL8 (End-Of-Use Return)
  • RL9 (End-Of-Life Return)
  • RM (Raw Material)
  • RMA (Return Authorization)
  • RORO (Roll-On, Roll-Off)
  • Retail (Retail)
  • Risk Register (Risk Register)
  • Risk Treatment Plan (Risk Treatment Plan)
  • RosettaNet (RosettaNet)
S
  • S&OP (Sales & Operations Planning)
  • S2P (Source-to-Pay)
  • SCAC (Standard Carrier Alpha Code)
  • SCCS (Supply Chain Configuration Strategy)
  • SCF (Supply Chain Finance)
  • SCO (Supply Chain Outline)
  • SCRM (Supply Chain Risk Management)
  • SDF (Statistical Demand Forecast)
  • SDG (Sustainable Development Goal)
  • SDS (Safety Data Sheet)
  • SFA (Sales Force Automation)
  • SFCS (Shop Floor Control System)
  • SKU (Stock Keeping Unit)
  • SM (Shipping Mode)
  • SO (Sales Order)
  • SOC (Order Confirmation)
  • SOD (Segregation of Duties)
  • SOLAS (Safety of Life at Sea Convention)
  • SOS (Special Order Service)
  • SOX (Sarbanes-Oxley Act of 2002)
  • SOX302 (Corporate Responsibility for Financial Reports (SOX 302))
  • SOX404 (Management Assessment Of Internal Controls (SOX 404))
  • STO (Stock Transfer Order)
  • Sample (Inspection Sample)
  • Seller (Seller)
  • Shipper (Shipper)
  • Subassembly (Subassembly)
T
  • T-DOC (Trade Documents)
  • TLC (Total Landed Cost)
  • Toller (Toll Manufacturer)
U
  • UNGHS (Globally Harmonized System of Classification and Labeling of Chemicals)
  • UNSDG (United Nations Sustainable Development Goals)
  • UPC (Universal Product Code)
V
  • VGM (Verified Gross Mass)
  • VMI (Vendor Managed Inventory)
W
  • WC (Working Capital)
  • WHSE (Warehouse)
  • WIP (Work-in-Process)
  • WMS (Warehouse Management System)
  • WO (Work Order)
  • Water (Water Transport)
X
  • X12 (ANSI ASC X12)
  • XDK (Cross-Docking)
Y
Z