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Ocean Bill of
Lading:
The bill of lading issued by the ocean carrier to its
customer.
Ocean Carrier:
An
enterprise that offers service via ocean (water) transport.
Offer:
See Tender.
on-line
receiving:
A system in which computer terminals are available at each receiving bay
and operators enter items into the system as they are unloaded.
Open Policy:
See Marine Cargo Insurance.
Operating
Differential Subsidy (ODS):
A payment to an American-flag carrier by the
U.S. government to offset the difference in operating costs between U.S. and
foreign vessels.
operating
ratio:
A measure of operating efficiency defined as Operating expenses divided
by the Operating revenues x 100.
Order:
A type of request
for goods or services.
order cycle
time:
The time that elapses from placement of order until receipt of order.
This includes time for order transmittal, processing, preparation, and
shipping.
Order
Cycle:
The time spent and the activities performed from the time an order is
received to the actual delivery of the order to a customer.
Order
Fill:
A measure of the number of orders processed without stockouts, or the
need to back order, expressed as a percentage of all orders processed in the
distribution center or warehouse.
order
picking:
Assembling a customer's order from items in storage.
order
processing:
The activities associated with filling customer
orders.
ordering
cost:
The cost of placing an inventory order with a supplier.
Origin:
The place where a
shipment begins its movement.
OSD:
Over, Short, and
Damaged.
out-of-pocket
cost:
The cost directly assignable to a particular unit of traffic and which a
company would not have incurred if it had not performed the
movement.
outsourcing:
Purchasing a logistics service from an outside firm, as
opposed to performing it in-house.
over-the-road:
A motor carrier operation that reflects long-distance,
intercity moves; the opposite of local operations.
owner-operator:
A trucking operation in which the truck's owner is also the
driver.
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Logistic terms