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PERT
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Physical Distribution
The collection of activities
that involves the movement of goods from the
producer to the end user, which includes
warehousing, inventory control, and
transportation.
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Piggyback (Piggyback Cooperatives)
form of
intergovernmental cooperative purchasing in
which an entity will be given the pricing and
terms of a contract entered into by a larger
entity. Generally, the larger entity will
competitively award a contract that will
include language allowing for other entities to
use the contract to their advantage in terms
of pricing, thereby gaining economies of scale
that they normally would not receive if they
competed on their own.
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Piracy
Illegal copying of a product such as
software or music.
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Planned Obsolescence
The deliberate design of
a good so it will become less efficient, no
longer useful, or incompatible within a
specific time frame.
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Planned Order Release (POR)
The date on which
the order must be shipped, or the provision of
service started, based on the lead time and
planned receipt date for the good or service.
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Plant-Matter-Based or Bio-Based Product
A good
that is made from renewable resources (e.g.,
wheat, straw, bamboo, corn, and wood).
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PM
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Point of Origin
The location where a shipment is
received by a transportation line from the
shipper; the shipping point.
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Point of Shipment (POS)
One of many
designated Free on Board (F.O.B.) terms that
means that a title passes from seller to buyer
at seller’s loading dock. Same as F.O.B.
Factory, F.O.B. Point of Origin.
