This document defines 99 key business and logistics terms in 2 columns - the first column lists terms like "budget", "business", "unemployment", etc. and the second column provides a concise definition or explanation for each term. The terms cover topics like finance, management, supply chain operations, marketing, and more. This high-level reference guide is intended to concisely define common business and logistics terminology.
This document defines 99 key business and logistics terms in 2 columns - the first column lists terms like "budget", "business", "unemployment", etc. and the second column provides a concise definition or explanation for each term. The terms cover topics like finance, management, supply chain operations, marketing, and more. This high-level reference guide is intended to concisely define common business and logistics terminology.
This document defines 99 key business and logistics terms in 2 columns - the first column lists terms like "budget", "business", "unemployment", etc. and the second column provides a concise definition or explanation for each term. The terms cover topics like finance, management, supply chain operations, marketing, and more. This high-level reference guide is intended to concisely define common business and logistics terminology.
1 budget an estimate of income and expenditure for a set period of time
an organization or enterprising entity engaged in 2 business commercial,industrial, or professional activities 3 unemployment the fact of a number of people without a job 4 convenience the state of being convenient the quantity of a commodity or service wanted at a specified price 5 demand and time facts or information used usually to calculate, analyze, or plan 6 data something 7 government the group of people with the authority to govern a country or state a general increase in prices and fall in the purchasing value of 8 inflation money a stock or supply of money, material, staff, and other assets that 9 resources can be drawn on by a person or organization in order to function effectively 10 trade-off a giving up of one thing in return for another; exchange 11 household a house and its occupants regarded as a unit 12 to manage to be in charge of ( a business,organization, or undertaking); run 13 to deal take part in commercial trading of a particular commodity belonging to or for the use of one particular person or group of 14 private people only to create, invent, or produce (something) by careful thought and 15 to formulate effort 16 abundance a very large quantity of something 17 scarcity the state of being scarce or in short supply; shortage 18 consumer a person who purchases goods and services for personal use 19 limited restricted in size, amount, or extent; few, small, or short money that is made in a business, through investing, etc..after all 20 profit the costs and expenses are paid; a financial gain 21 integrated combined to form a single thing 22 interrelated relate or connect to one another 23 practitioner someone whose regular work has involved a lot of training 24 facilitate to make something possible or easier 25 empowering give (someone) the authority or power to do something 26 to participate to take part in an activity or event 27 vision the faculty or state of being able to see 28 to assert state a fact or belief confidently and forcefully 29 leadership the action of leading a group of people or an organization 30 skills the ability to do something that comes from training, experience or practice someone in a high position, especially in business, who makes 31 executive decisions and puts them into action 32 to refer to think of, regard, or classify within a general category or group a group of persons having managerial, supervisory, investigatory, 33 to board or advisory powers 34 nonprofit not established to make a profit to oversee, watch over, and provide direction for someone or 35 to supervise something a person under the authority or control of another within an 36 subordinate organization the power to give orders or make decisions the power or right to 37 authority direct or control someone or something; 38 to determine to find out or make certain facts or information to give a particular job, duty, right, etc. to someone else so that 39 to delegate they do it for you refers to the activities of a business related to buying and selling a 40 marketing product or service. 41 to coordinate to bring into a common action, movement, or condition 42 promotion the activity of encouraging something to happen or develop 43 to staff to provide workers for a particular organization 44 optimum the best possible; producing the best possible results 45 to pursue to follow in order to overtake, capture, or kill; chase 46 to establish to make stable; make firm; settle 47 objective something that you plan to do or achieve 48 completion the action or process of completing or finishing something 49 to oversee to watch over and direct; supervise 50 to avoid keep away from or stop oneself from doing (something) ability to decide independently what to do; important action 51 initiative intended to solve a problem; 52 goods things that are made to be sold 53 flow the action or fact of moving along in a steady, continuous stream the using of goods and services in an economy, or the amount of 54 consumption goods and services used 55 user a person who uses or operates something 56 product a thing or person that is the result of an action or process a person, company, or country that makes, grows, or supplies 57 producer goods or commodities for sale the act of keeping things somewhere so that they can be used later, 58 storage especially goods or energy supplies 59 retailer a person, shop, or business that sells goods to the public a detailed list of all the goods and property owned by a person or a 60 inventory business a planned space for the efficient storage and handling of goods and 61 warehouse materials 62 destination the place to which someone or something is going or being sent 63 re-engineering to engineer again or anew : redesign the place at a port, airport, or border where travellers’ bags are 64 customs looked at to find if any goods are being carried illegally (an amount of) money paid to the government, usually a 65 tax percentage of personal income or of the cost of goods or services bought 66 duties a moral or legal obligation; a responsibility 67 logistician a person involved with logistics to use something such as fuel, energy, money, or time, especially 68 to consume in large quantities 69 to handle manage (a situation or problem) 70 to include comprise or contain as part of a whole 71 to require need something or make something necessary 72 to comprise consist of; be made up of 73 to produce to create something or bring into existence to produce goods in large numbers, esp. in a factory using 74 to manufacture machines 75 to purchase to obtain by paying money or its equivalent : buy 76 to sell give or hand over (something) in exchange for money 77 to implement to put a plan or system into operation, action 78 to perform carry out, accomplish, or fulfil (an action, task, or function) 79 to ensure to make sure, certain, or safe; guarantee 80 to increase to become larger of greater in size, amount, number,etc. 81 to decrease to become smaller in size, amount, number, etc to put items into a container, esp. for transporting them or for 82 to pack storage 83 shipping the process or business of sending or transporting goods a series of things to be done or of events to occur at or during a 84 scheduling particular time or period 85 volume the amount of space that it contains or occupies 86 enhancement an increase or improvement in quality, value, or extent 87 priority a thing that is regarded as more important than others. the process by which an organization buys the products or services 88 procurement it needs from other organizations risky and dangerous; substance (such as solid, liquid or gas, that 89 hazardous may cause harm to smb’s health) 90 unique being without a like or equal : unequaled 91 internal existing or located on the inside of something 92 external connected with or located on the outside of something/somebody 93 partnership an agreement between organizations, people, etc. to work together 94 efficient working or operating quickly and effectively in an organized way 95 waybill a list of passengers or goods being carried on a vehicle of a high standard; high-quality; (of a person) highly capable; very 96 high caliber skilled, experienced, etc the act of dividing something among people, or spreading or 97 distribution supplying something the process used by companies to reduce their costs and increase 98 cost-reduction their profits to send something, especially goods or a message, somewhere for 99 dispatching a particular purpose the use of a particular path or direction for something to travel or 100 routing be placed 101 tracking the act or process of following something or someone 102 owner a person who owns something
103 feedback a reaction or response to a particular process or activity
comply with rules, standards, or laws; be similar in form or type; 104 to conform agree the management of large amounts of money, especially by 105 finance governments or large companies 106 expenditures the act of spending (as money, time, or energy) 107 discharge of debt the cancellation of a debt due to bankruptcy 108 securities the state of being free from danger or threat the amount that can be held or produced and to do by something or 109 capacity someone 110 imply to express, suggest, or show something without stating it directly something pledged as security for repayment of a loan, to be 111 collateral forfeited in the event of a default the money one has saved, especially through a bank or official 112 savings scheme the process or a period of changing from one state or condition to 113 transition another 114 adjustable able to be changed to suit particular needs 115 to set back to delay an event, process, or person 116 to reduce make smaller or less in amount, degree, or size 117 to supply make (something needed or wanted) available to someone; provide 118 to eliminate to remove or take away someone or something 119 to consolidate make (something) physically stronger or more solid 120 to collect bring or gather together (a number of things) examine (something) methodically and in detail, typically in order 121 to analyze to explain and interpret it 122 to provide make available for use; supply 123 freight goods or cargo carried by a ship, train, truck, or airplane 124 cargo goods carried on a ship, aircraft, or motor vehicle a region or part of a town, a country, or the world 125 area 126 quality a characteristic or feature of someone or something travelling towards a particular place, especially when returning to 127 inbound the original point of departure 128 outbound travelling or being taken or sent away from a particular point 129 recipient a person or thing that receives or is awarded something a person or thing that carries, holds, or conveys something 130 carrier 131 ingredient a component part or element of something 132 delivery the act of taking something to a person or place; 133 to import bring (goods or services) into a country from abroad for sale
134 to export send (goods or services) to another country for sale
the process of taking away an amount or a part of something from 135 deduction a total, or the amount that is taken 136 to undertake to promise that you will do something observe and check the progress or quality of (something) over a 137 to monitor period of time; keep under systematic review 138 to communicate share or exchange information, news, or ideas 139 loyal faithful to a cause, ideal, custom, institution, or product 140 challenge a call to prove or justify something a flat wooden structure onto which heavy goods are put so that 141 pallet they can be moved using a fork-lift-truck a small piece of paper, fabric, plastic, or similar material attached 142 label to an object and giving information about it a small piece of paper that you buy and then stick to an envelope 143 stamp or package to pay the cost of mailing it 144 debt an amount of money that you owe to a person, bank, company, etc something extra ( such as vacation time or health insurance) that is 145 benefit given by an employer to workers in addition to their regular pay 146 income money that is earned from work, investments, business, etc an official document giving someone authorization to do 147 permit something
148 well-being the state of being comfortable, healthy, or happy
(of a person) introducing new ideas; original and creative in 149 innovative thinking 150 to dismiss order or allow to leave; send away