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Logistics Glossary
There are currently 3 logistics in this directory beginning with the letter G.
G
Gain Sharing
A method of incentive compensation where supply chain partners share collectively in savings from productivity improvements. The concept provides an incentive to both the buying and supplier organisations to focus on continually reevaluating, reenergising, and enhancing their business relationship. all aspects of value delivery are scrutinised, including specification design, order processing, inbound transportation, inventory management, obsolescence programs, material yield, forecasting and inventory planning, product performance, and reverse logistics. The focus is on driving out limited value cost while protecting profit margins.
Goods
A term associated with more than one definition: 1) Common term indicating movable property, merchandise, or wares. 2) All materials which are used to satisfy demands. 3) Whole or part of the cargo received from the shipper, including any equipment supplied by the shipper.