Logistics glossary

Here you find current terms and concepts in Supply Chain.

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European Article Number (EAN)

EAN is a barcoding standard which is a superset of the original 12-digit Universal Product Code (UPC) system developed in North America. The EAN-13 barcode is defined by the standards organisation GS1. It is also called a Japanese Article Number (JAN) in Japan. UPC, EAN, and JAN numbers are collectively called Global Trade Item Numbers (GTIN), though they can be expressed in different kinds of barcodes. The EAN-13 barcodes are used worldwide for marking retail goods.

 

 

Earnings before Interest and Taxes (EBIT)

A measure of a company’s earning power from ongoing operations, equal to earnings (revenues minus cost of sales, operating expenses, and taxes) before deduction of interest payments and income taxes, also called operating profit

 


Economic Order Quantity (EOQ)

An inventory model that determines how much to order by determining the amount that will meet customer service levels while minimizing total ordering and holding costs.

 

 

EDIFACT

Electronic Data Interchange for Administration, Commerce, and Transport.

 

 

Efficient Consumer Response (ECR)

A demand driven replenishment system designed to link all parties in the logistics channel to create a massive flow-through distribution network. Replenishment is based upon consumer demand and point of sale information.

 

 

Electronic Commerce (EC)

Also written as e-commerce. Conducting business online. In the traditional sense of selling goods, it is possible to do this electronically because of certain software programs that run the main functions of an e-commerce website, such as product display, online ordering, and inventory management.

 

 

Electronic Data Interchange (EDI)

Intercompany, computer-to-computer transmission of business information in a standard format.

 

 

 

Enterprise Resource Planning (ERP) System

A class of software that integrate (or attempt to integrate) all data and processes of an organization into a unified system. ERP systems typically include accounts payable, accounts receivable, general ledger, payroll, MRP (Manufacturing), Resources Planning, Supply Chain and some other interrelated systems. A typical ERP system will use multiple components of computer software and hardware to achieve the integration.

 

 

European pallet pool

Pool for the exchange of standard size pallets (theso-called Europallets) in European cargo traffic, formedin 1961 by a number of European rail administrators.
  

 

Ex works

The incoterm by which the seller fulfils his obligation todeliver when he has made the goods available at hispremises (i.e. works, factory, warehouse, etc.) to thebuyer. In particular, he is not responsible for loading thegoods on the vehicle provided by the buyer or forclearing the goods for export, unless otherwise agreed.
The buyer bears all costs and risks involved in taking the goods from the seller's premises to the desired destination. This term thus represents the minimum obligation for the seller.

 

 

 

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