Waiting Cost: The agreed price for shipping includes a small amount of spare time to load and unload the goods. For container transport, the loading and unloading time is 2 hours.
Waiver: If you are shipping to or from one of the listed countries, you will need special waiver certificate documents to clear the customs
Wall-to-Wall Inventory: A technique of inventory management in which material enters a plant and is processed into finished goods through the factory, without ever entering a structured storage location.
WAN: Wide Area Network.
Warehouse: The location where goods are kept. Core warehouse operations include inventory receipt, storage, delivery, and order pickup.
Warehousing: The storage (holding) of goods.
Warehouse Management System (WMS): The systems used to control warehouse business processes and guide warehouse operations efficiently, including counts of receiving, putaway, selection, delivery, and product period. It also includes radio frequency communications support, allowing real-time data transfer between system and warehouse staff. We often optimize space by automating the putaway processes and eliminate material handling.
Warranty Costs: Includes materials, labor, and problem diagnosis for products returned for repair or refurbishment.
War Risk: Shipping companies face an increased risk for a range of’ explosive’ areas and ports, due to war threats. Because of this risk these shipping companies see their costs increase in the form of increased insurance premiums. Therefore, additional to sea freight, a surcharge is charged for the duration of this war threat.
1) Every operation that does not add value in the consumer’s eyes to the good or service in just in time.
2) A by-product of a process or task with unique features that require special supervision of the management. Production of wastes may usually be scheduled and regulated. Usually, scrap is not scheduled and could result from the same production run as waste.
Waterway Use Tax: A per-gallon tax assessed barge carriers for waterway
Wave Picking: A method of selecting and sorting picking lists to reduce the time the material has been shipped to wait. Shipping orders may be selected in waves combined by a common commodity, common carrier, or destination, and the output of work center-related orders in waves.
Waybill: Report that includes a list of goods that are part of a freight shipment by common carrier. Displays creator, destination, consignor, and sum paid. Copies fly with the products and are held by brokers who originate / deliver. Used by carrier, in particular during transit, for internal recording and control. Not a conveyance contract.
WCO: World Customs Organisation
Wear and tear: Wear and tear is the damage caused by normal usage of containers, bodies, trucks, cranes, ships etc.
Weather-permitting: The time during which weather allows no work, will not be excluded from the negotiated loading and unloading period.
Web: A computer term used to describe the global Internet.
Web Browser: A software program that brings web pages and other World Wide Web tools to the user and shows them.
Web Services: A computer term for information processing networks that are delivered via Internet Portals by third parties. Standardized communication protocols of the technology; network services a set of communication formats or endpoints that can exchange messages.
Web Site: A location on the Internet.
Weighing Stop: Weighing stops, multi-stops and customs stops all refer to the same thing in road transport; a further address for shipping.
Weight Break: The rate of shipping at which the LTL charges at minimum weight equals the TL charges.
Weight Confirmation: The process of weight-based confirmation of or authentication of receipts or shipments.
Weight-Losing Raw Material: A raw material that loses weight in processing.
Weight-Point Plan: A supplier selection and ranking approach that makes use of the feedback obtained in the categorical plan approach and assigns weights to each category of evaluation. A weighted total is obtained for each manufacturer, and a comparison is made. For all types, the weights used should equate to 100 per cent.
Weight Unit Qualifier: The unit of measure that the user wants to see for weight.
What You See Is What You Get (WYSIWYG): An editing interface that shows a generated file, as it appears to an end user.
Wharfage: A fee against the freight or a steamship company levied by a pier or dock owner to use the pier or dock to handle incoming or outgoing cargo.
Wide-Area Network (WAN): A public or private data communication system designed to connect computers spread across a large geographic area.
Work in Process (WIP): Parts and subassemblies in the process of transformation into finished goods. Work in process generally includes all of the content, labor and overhead paid against a production order that was not reabsorbed into inventory by obtaining finished items.
World Trade Organization (WTO): An organisation formed on 1 January 1995 to replace the previous General Tariff and Trade Agreement GATT, which is the cornerstone of the world trading system.
World Wide Web (WWW): A “multi-media hyperlinked portal spanning the globe” providing information on desktop and mobile computers and other devices such as phones and televisions compatible with the internet. Unlike previous Internet services, the “internet” offers more than just text that incorporates text, pictures, sounds, and even animation in a graphical user interface to make navigation easier.
WPA: With particular average.