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Accounts Payable (A/P): The value of goods and services acquired for which payment has not yet been made.Accounts Receivable (A/R): The value of goods shipped or services rendered to a customer on whom payment has not been received. Accreditation: Certification by a recognized body of the facilities, capability, objectivity, competence, and integrity of an agency, service, operational group, or individual to provide the specific service or operation needed.

It usually implies acceptance of the order by the supplier.

glossary of transportation, logistics, supply chain, and international trade terms help.

A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z ABC Analysis: A classification of items in an inventory according to importance defined in terms of criteria such as sales volume and purchase volume.

The committee develops and maintains US generic standards (X12) for Electronic Data Interchange.

Accumulation Bin: A place, usually a physical location, used to accumulate all components that go into an assembly before the assembly is sent out to the assembly floor.

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