F Terms in the Supply Chain Glossary

A strategic process for defining an organization’s facility requirements, incorporating regulatory, security, cost, and environmental considerations to align with long-term goals.

A U.S. government agency responsible for regulating and overseeing civil aviation, including airspace management and safety.

An independent U.S. agency overseeing interstate electricity, natural gas, and oil transmission, as well as approving energy infrastructure projects.

A U.S. Department of Transportation agency regulating the commercial shipping industry to ensure safety and efficiency in maritime transportation.

A U.S. Department of Transportation agency regulating motor carriers to ensure safety in operations involving large trucks and buses.

A U.S. agency protecting businesses and consumers from unfair practices, including false advertising and anti-competitive behavior.

A schedule detailing end-item operations to fulfill customer orders in make-to-order or assemble-to-order environments.

An accounting method where the oldest inventory is assumed to be used or sold first, regardless of actual physical movement.

The competitive edge gained by being the first to innovate or enter a market.

A U.S. law prohibiting individuals and businesses from bribing foreign officials to gain a business advantage.

Designated areas treated as outside a country’s customs territory, allowing goods to remain duty-free until they enter the domestic market.

A logistics management model where a specialized entity oversees all aspects of a client’s supply chain, coordinating multiple service providers and optimizing end-to-end operations.

A logistics intermediary that coordinates transportation, consolidates shipments, and facilitates cost-effective delivery between shippers and carriers.

Freight forwarding is a service within the logistics and supply chain management industry that organizes the shipment of goods from one point to another. Freight forwarding is crucial for international trade, helping businesses navigate the complexities of global shipping and logistics.