Num A B C D E F G H I J K L M N O P Q R S T U V W
G
Gain Sharing: A method of incentive compensation where supply chain partners share collectively in savings from productivity improvements. The concept provides an incentive to both the buying and supplier organizations to focus on continually re-evaluating, re-energizing and enhancing their business relationship. All aspects of value delivery are scrutinized, including specification design, order processing, inbound transportation, inventory management, obsolescence programs, material yield, forecasting and inventory planning, product performance and reverse logistics. The focus is on driving out limited-value cost while protecting profit margins.
Gateway: The connection that permits messages to flow freely between two networks.
GATT: General Agreement on Tariffs & Trade.
GAWR: Gross Axle Weight Rating: Manufacturer's rating of the maximum load that an axle can support.
GF-X: Global Freight eXchange: Proprietary electronic trading platform for airlines and forwarders.
GI/GO: Goods In/Goods Out.
GKN: A pallet. See CHEP.
Global Strategy: A strategy that focuses on improving worldwide performance through the sales and marketing of common goods and services with minimum product variation by country. Its competitive advantage grows through selecting the best locations for operations in other countries.
Globalization: The process of making something worldwide in scope or application.
GMROI: Gross Margin Return on Investment: Sale price minus cost of goods sold divided by original price or cost of goods. Also, GMROII for Gross Margin Return on Inventory Investment.
GO: Goods Out. See GI/GO.
GOH: Garments on Hanger.
Goods Received Note (GRN): Documentation raised by the recipient of materials or products.
GPS: Global Positioning System: Satellite-based location system, used in vehicle positioning.
Graphical User Interface: The presentation of information on a computer monitor to make it easier, more friendly and intuitive to work with the system, generally accomplished through icons and other graphical representations accessed with a mouse, trackball or other device that replaces keystrokes.
Graphics Interchange Format (GIF): A graphical file format commonly used to display indexed-colour images on the Internet. GIF is a compressed format, designed to minimize file-transfer time over standard phone lines.
Green Card: Resident alien card that authorizes employment in the United States.
GRN: Goods Returned Note or Goods Received Note.
Gross Inventory: Value of inventory at standard cost before any reserves for excess and obsolete items are taken.
Gross Margin: The difference between total revenue and the cost of goods sold. Synonym: gross profit margin.
GST: General Systems Theory: The common basic features of all social, organic and mechanical systems.
GTW: Gross Tare Weight. See also: TW and GVW.
Guideline: A document used to communicate the recommended procedures, processes or usage of a particular business practice.
GVW: Gross Vehicle Weight: Maximum rated weight of a truck, including its cargo. See also TW.
