Glossary
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EIN
See Exporter Identification Number (EIN).
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EOQ
See Economic Order Quantity (EOQ).
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EPC or ePC
See Electonic Product Code (EPC or ePC).
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ERP
See Enterprise Resource Planning (ERP) System.
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ERS
See Evaluated Receipts Settlement (ERS).
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ESI
See Early Supplier Involvement (ESI).
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ETA
See Estimate Time of Arrival (ETA).
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ETA Prediction
The ability to forecast the ETA through the use of a prediction model.
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ETD
See Estimate Time of Departure (ETD).
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EVA
See Economic Value Added (EVA).
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Early Supplier Involvement (ESI)
Engaging suppliers early in the product design process to draw on their expertise, insights, and knowledge to generate better designs at lower costs.
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Earnings Before Interest and Taxes (EBIT)
Indicator of a company's profitability. Calculated as revenue minus expenses excluding tax and interest. Also referred to as operating earnings or operating profit.
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Economic Order Quantity (EOQ)
Inventory model designed to determine the optimal order quantity to meet demand while minimizing total costs for ordering, receiving, and holding inventory.
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Economic Value Added (EVA)
Measures a company's financial performance based on the residual wealth calculated by deducting its cost of capital from its operating profit, adjusted for taxes.
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Economy of Scale
Cost advantage that occurs when increased volumes of production reduce unit cost by distributing fixed costs over a larger amount of goods.
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Efficient Consumer Response (ECR)
Replenishment system focused on customer demand and designed to link all parties in the logistics channel to create a massive flow-through distribution network.
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Electonic Product Code (EPC or ePC)
Electronically coded 96-bit tag (Global Trade Identification Number - GTIN) intended as an improvement to the UPC bar code system.
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Electronic Commerce (EC)
See E-Commerce.
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Electronic Data Interchange (EDI)
See EDI.
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Electronic Data Interchange Association (EDIA)
A national nonprofit organization that propagates and controls the use of EDI in a given country and is dedicated to encouraging EDI growth.
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Electronic Funds Transfer (EFT)
The movement of money between bank accounts digitally. Method to pay for goods or services via exchanges of electronic authorisations against bank accounts.
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Electronic Mail (E-Mail)
See E-Mail.
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Embargo
A governmental order prohibiting exports or imports, either with specific products or specific countries.
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Emissions
In transportation, emitted gases and pollutants that are of environmental concern. Many emissions are regulated by governments.
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Empirical
Based on observation or experimental data rather than deduction or theory.
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