The manufacturing lead time is the time period between the placement of an order and the shipment of the completed order to the customer.
Bill of Materials
A bill of materials or product structure (sometimes bill of material, BOM or associated list) is a list of the raw materials, sub-assemblies, intermediate assemblies, sub-components, parts, and the quantities of each needed to manufacture an end product.
Minimum Order Quantity
A minimum order quantity (MOQ) is the lowest set amount of stock that a supplier is willing to sell. If you can’t purchase the MOQ of a specific product, then the supplier won’t sell it to you.
Request For Quotation (RfQ)
A request for quotation (RfQ) is a standard business process whose purpose is to invite suppliers into a bidding process to bid on specific products or services. RfQ generally means the same thing as Call for bids (CfB) and Invitation for bid (IfB). An RfQ typically involves more than the price per item.
CBM stands for “cubic meter” in shipping. This measurement is calculated by multiplying the width, height and length together of one’s carton. And if one has multiple cartons to ship, by adding the CBMs of each carton together.
FCL = Full Container Load.
LCL = Less than Container
Delivered duty paid (DDP) is a delivery agreement whereby the seller assumes all of the responsibility, risk, and costs associated with transporting goods until the buyer receives or transfers them at the destination port.
DDU means Delivered Duty Unpaid. DDP means Delivered Duty Paid. In a DDU shipment, except duty or taxes of importing country, all other charges has to be paid by the seller of goods.
EVA: Ethylene-vinyl acetate (EVA), also known as poly (ethylene-vinyl acetate) (PEVA), is the copolymer of ethylene and vinyl acetate. The weight percent vinyl acetate usually varies from 10 to 40%, with the remainder being ethylene.