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Home > Commonly Used Business-Related Terms & Acronym
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Info Center
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This list of terms and simple definitions are for those who may be new or unfamiliar with words we use in daily communications. |
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We welcome your additions to this list. Email: prime@primedistributing.com
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Rev. 02-07
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Commonly Used Business-Related Terms & Acronyms
| ARO |
After Receipt of Order. "ARO" defines time when customer's purchase order is received and entered by the manufacturer. Projection for delivery date begins only ARO. |
| BOM |
Bill of Materials |
| Broker |
One who buys but does not stock product |
| C of A |
Certificate of Analysis. Provided by manufacturer to confirm materials used in the product. |
| C of C |
Certificate of Conformance/Compliance. Provided by manufacturer or supplier confirming product meets specifications. |
| C of O |
Certificate of Origin. Verifies where product was manufactured. |
| C of O |
Certificate of Origin. Verifies where product was manufactured. |
| Distributor |
Company that buys, sells, and stocks products per customer needs, like Prime. |
| Drop Shipment |
Product shipped directly to the customer from the factory. |
| F.O.B. |
Freight-On-Board. Rates are based from starting location or origin. |
| Freight Collect |
Customer pays the freight charges at time product is delivered. |
| HTS |
The Harmonized Tariff Schedule determines the amount of duty owed on shipments of certain materials into China. Required for filling out the shippers Export Declaration for UPS. |
| Inter-State |
Shipping between states. |
| Intra-State |
Shipping within the state. |
| MOQ |
Minimum Order Quantity. |
| MSDS |
Material Safety Data Sheet. This is provided by manufacturer that details materials. Used to produce products and defines any hazardous warnings. |
| NCNR |
Non-Cancelable, Non-Returnable. Products are not eligible for return for credit. Usually NCNR items are custom designs. |
| NIST |
National Institute of Standards and Technology. This references Calibration and Traceability. |
| NRE |
Non-Recurring Engineering Fee. A one-time charge for custom design. |
| P & D |
Price and Delivery request. |
| RFQ |
Request for Quote. |
| RMA |
Return Material Authorization - required before parts may be returned. |
| RoHSR |
Restriction of Hazardous Substances. Compliancy with this standard is now required for products shipped to some foreign countries. |
| RP |
Request for Purchase. |
| U/M |
Unit of measure. Defines the unit of measure; i.e., each, dozen, etc. |
| Vendor |
Supplier of parts - could be a manufacturer, distributor, broker or service-provider. |
| WBE |
Woman-Owned, Business Enterprise |
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