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E.T.A.:
The Estimated Time of Arrival.
E.T.D.:
The Estimated Time of Departure.
Economic
order quantity (EOQ):
An inventory model that determines how much to order by
determining the amount that will minimize total ordering and holding
costs.
Economy of Scale:
The
lowering of costs with added output due to allocation of fixed costs over more
units.
EDI:
See Electronic Data
Interchange.
EDI Interchange:
Communication between partners in the form of a structured set of
messages and service segments starting with an interchange control header and
ending with an interchange control trailer. In the context of X.400 EDI
messaging, the contents of the primary body of an EDI message.
EDIFACT:
EDI for
Administration Commerce and Transport.
Efficient
consumer response (ECR):
A customer-driven system where distributors and suppliers
work together as business allies to maximize consumer satisfaction and minimize
cost.
Electronic
data interchange (EDI):
Computer-to-computer
communication between two or more companies that such companies can use to
generate bills of lading, purchase orders, and invoices. It also enables
firms to access the information systems of suppliers,
Electronic
data interchange (EDI):
Customers, and carriers and to determine the
up-to-the-minute status of inventory, orders, and shipments.
Embargo:
A prohibition
upon exports or imports, either with specific products or specific countries.
End User:
The final buyer
of the product who purchases the product for immediate use.
Enroute:
A term used for
goods in transit or on the way to a destination.
Enterprise Resource Planning (ERP):
A cross-functional/regional planning process
supporting regional forecasting, distribution planning, operations centers
planning, and other planning activities. ERP provides the means to plan,
analyze, and monitor the flow of demand/supply alignment and to allocate
critical resources to support the business plan.
Entry Form:
The document
that must be filed with Customs to obtain the release of imported goods and to
allow collection of duties and statistics. Also called a Customs Entry Form or
Entry.
Equipment:
The rolling stock carriers use to facilitate the
transportation services that they provide, including containers, trucks,
chassis, vessels, and airplanes, among others.
Equipment I.D.:
An identifier assigned by the carrier to a piece of equipment. See also
Container ID.
Equipment Positioning:
The
process of placing equipment at a selected location.
ERP:
See Enterprise Resource
Planning.
Ex Works:
The price that
the seller quotes applies only at the point of origin. The buyer takes
possession of the shipment at the point of origin and bears all costs and risks
associated with transporting the goods to the destination.
Exception
Rate:
A deviation from the class rate; changes (exceptions) made to the
classification.
Exclusive
Patronage Agreements:
A shipper agrees to use only a conference's member liner
firms in return for a 10 to 15 percent rate reduction.
Exclusive
Use:
Vehicles that a carrier assigns to a specific shipper for its exclusive
use.
Exempt
Carrier:
A for-hire carrier that is exempt from economic regulations.
Expediting:
Determining where an in-transit shipment is and attempting
to speed up its delivery.
Expert
System:
A computer program that mimics a human expert.
Export:
To send goods and
services to another country.
Export Broker:
An
enterprise that brings together buyer and seller for a fee, then eventually
withdraws from the transaction.
Export Declaration:
A
document required by the U.S. Treasury department and completed by the exporter
to show the value, weight, consignee, destination, etc., pertinent to the export
shipment. The document serves two purposes: to gather trade statistics and to
provide a control document if the goods require a valid export license.
Export License:
A document secured from a government authorizing an exporter to export
a specific quantity of a controlled commodity to a certain country. An export
license is often required if a government has placed embargoes or other
restrictions upon exports.
Export Management Company:
A private firm that serves as the export department for several manufacturers,
soliciting and transacting export business on behalf of its clients in return
for a commission, salary, or a retainer plus commission.
Export Sales
Contract:
The initial document in any international transaction; it details the
specifics of the sales agreement between the buyer and seller.
Export Trading Company:
A
firm that buys domestic products for sale overseas. A trading company takes
title to the goods; an export-management company usually does not.
Exporter Identification Number
(EIN):
A number required for the exporter on the Shipper's Export
Declaration. A corporation may use their Federal Employer Identification Number
as issued by the IRS; individuals can use their Social Security Numbers.
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Logistic terms
