General Agents
Agents with broad powers and considerable latitude in using
their own judgment to carry out duties assigned to them by
their principals
GATT
Multilateral agreements created in 1947
to reduce barriers to world trade. Succeeded by the World
Trade Organisation (WTO)
Global Sourcing
The procurement of goods or services
outside the limits of a country i.e. international
Global Tender
A tender which is open internationally
for offers by the interested tenderers. It is given wide
publicity so as to have global reach
Goods
Booked to Self
A term used in Railway transportation where
the delivery of the consignment can be taken only on production of
the Railways Receipt
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 organizations to focus on continually
reevaluating, re-energizing, and enhancing their business
relationship. All aspects of value delivery are scrutinized,
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.
General commodities carrier
A common motor carrier that has operating authority to
transport general commodities, or all commodities not listed
as special commodities.
General-merchandise warehouse
A warehouse that is used to store goods that are readily
handled, are packaged, and do not req1ire a controlled
environment.
Global Trade Item Number (GTIN)
A unique number that comprises up to 14 digits and is used
to identify an item (product or service) upon which there is a
need to retrieve pre-defined information that may be priced,
ordered or invoiced at any point in the supply chain. The
definition covers raw materials through end user products and
includes services, all of which have pre-defined
characteristics. GTIN is the globally-unique EAN.UCC System
identification number, or key, used for trade items (products
and services). It’s used for uniquely identifying trade items
(products and services) sold, delivered, warehoused, and
billed throughout the retail and commercial distribution
channels. Unlike a UPC number, which only provides information
specific to a group of products, the GTIN gives each product
its own specific identifying number, giving greater accuracy
in tracking.
Gondola
A rail car with a flat platform and sides three to five
feet high; used for top loading of items that are long and
heavy.
Goods Received Note (GRN)
Documentation raised by the recipient of materials or
products as a mark of receipt of goods.
Gross Inventory
Value of inventory at standard cost before any reserves
for excess and obsolete items are taken.
Gross weight
The total weight of the vehicle and the payload of freight
or passengers.
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