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Home » Tools » Glossary » Trade

Terms Definition
AGINFO A database of Common Agricultural Policy (CAP) trade figures.
ANSI X12 Standards specifying format and content of electronic business transactions
Application Profile Application protocols required for a specified task or industry sector.
AS/RS Automated storage and Retrieval System
Blair House Agreement 1993 settlement between USA and Europe on an agricultural trade structure
Broker A person or agency that acts as the agent for another
Brokerage A business that provides broker services; or the fee paid to a broker. 
Compensated Intra-corporate Hauling Transportation service provided by one company to a sister company
Customer Relations Management (CMR) Marketing approach in managing relations with customers by storing profile information, data and service reports on a database and utilizing such information to build better customer relations and customer loyalty
FEFO First Expire, First Out
First In, First Out (FIFO) Accounting method of valuing inventory issues by extracting the articles in the order they were received.
Foreign Trade Zone Area of free trade as designated by the government
Free Trade Trade between nations without customs duties or tariffs
Just in Time (JIT) Manufacturing model developed by the engineer Taiichi Ohno at Toyota to monitor and control the production system to eliminate all waste due to intermediate stocks and poor quality. Production is thus equal to demand at all stages of the process. 
GINTRAP See European Guide to Industrial Trading Regulations and Practice