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Logistic Glossary – Letter 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 organizations to focus on continually reevaluating, reenergizing, 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.
Gathering Lines Oil pipelines that bring oil from the oil well to storage areas.
GATT See General Agreement on Tariffs and Trade (GATT).
GB/L See Government Bill of Lading (GB/L).
General Agreement on Tariffs and Trade (GATT) A multilateral trade agreement aimed at expanding international trade as a means of raising world welfare.
General Average See Marine Cargo Insurance.
General Order (GO) A customs term referring to a warehouse where merchandise not entered within five working days after the carrier's arrival is stored at the risk and expense of the importer.
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 used to store goods that are readily handled, are packaged, and do not require a controlled environment.
Global Positioning System (GPS) A system which uses satellites to precisely locate an object on earth. Used by trucking companies to locate over-the-road equipment.
Global Strategy A strategy that focuses on improving worldwide performance through the sales and marketing of common goods and services with minimum product variation by country. Its competitive advantage grows through selecting the best locations for operations in other countries.
Globalization The process of making something worldwide in scope or application.
GO See General Order (GO).
Going-Concern Value The value that a firm has as an entity, as opposed to the sum of the values of each of its parts taken separately; particularly important in determining a reasonable railroad rate.
Gondola A railcar with a flat platform and sides three to five feet high, used for top loading long, heavy items.
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.
Government Bill of Lading (GB/L) The bill of lading used for shipments made by U.S. Government agencies.
GPS See Global Positioning System
Grandfather Clause A provision that enabled motor carriers engaged in lawful trucking operations before the passage of the Motor Carrier Act of 1935 to secure common carrier authority w/o proving public convenience and necessity; a similar provision exists for other modes.
Granger Laws State laws passed before 1870 in Midwestern states to control rail transportation.
Great Lakes Carriers Water carriers that operate on the five Great Lakes.
Grid Technique A quantitative technique to determine the least-cost center, given raw materials sources and markers, for locating a plant or warehouse.
Gross Margin The difference between total revenue and the cost-of-goods sold. Synonym Gross Profit Margin.
Gross National Product (GNP) A measure of a nation's output; the total value of all final goods and services a nation produces during a time period.
Gross Weight The total weight of the vehicle and the payload of freight or passengers.
GTDI European Guidelines for Trade Data Interchange.
GTIN Global Tracking Identification Number or Global Trade Item Number. 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. Also see EPC.
Guaranteed Loans Railroad loans that the federal government cosigns and guarantees.
GUI Graphical User Interface.
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