FA

Functional Acknowledgment

Fabricator

An industrial term applies to firms that build machines, structures, components, and other equipment by cutting, shaping, or otherwise creating components from raw materials and assembling components made from raw materials.

Facilities

An installation, contrivance, or other thing that facilitates something; a place for doing something. Commercial or institutional buildings, including offices, plants, and warehouses.

Factory Gate Pricing

Like DSD in reverse, factory gate pricing (FGP) is a supply chain initiative that has been gaining popularity among retailers in England. With FGP, retailers buy goods at the suppliers' 'gate' and take care of getting it to their stores or distribution centers, either with their own trucks or those of their contracted carriers.

Failure Modes Effects Analysis (FMEA)

A proactive method of predicting faults and failures so that preventive action can be taken.

Fair Labor Standards Act (FLSA)

A United States federal law established a national minimum wage, guarantees time and a half for overtime in certain jobs, and prohibits most employment of minors in oppressive child labor.

Fair Return

A level of profit that enables a carrier to realize a rate of return on investment or property value that the regulatory agencies deem acceptable for that level of risk.

Fair-share Quantity Logic

A stock management/distribution technique that attempts to fairly share a given volume of available stock between multiple customers or distribution centers when the stock available is less than the cumulative demand.

Fair value

The value of the carrier's property, the basis of calculation, has included original cost minus depreciation, replacement cost, and market value.

FAK

Freight of all kinds.

FAR

Federal Acquisition Regulation

FARS

Federal Acquisition Regulation Supplement.

FAS

Free Alongside Ship

FAST

Fast and Secure Trade.

Fast and Secure Trade (FAST)

U.S. Customs program that allows importers at the U.S./Canada border to obtain expedited release for qualifying commercial shipments.

Fast Moving Consumer Goods (FMCG)

Fast-moving consumer goods are packaged commercial products that are consumed through use. They include pre-packaged food and drinks, alcohol, health and beauty items, tobacco products, paper products, household cleansers, and chemicals, animal care items - anything that we need, can buy right off the shelf, and use up through daily living.

FCL

Full Container Load

FDA

Federal Drug Administration.

Feature

A unique aspect of a specific product or service, which has been identified and provided as a marketing advantage, features may be inherent in the basic product or can be added as an option or accessory. In some cases, a variety of a specific feature may be offered, and some features could be required or optional.

Federal Acquisition Regulation (FAR)

A U.S. DoD document that describes rules and processes for acquiring products and/or services from suppliers.

Federal Acquisition Regulation Supplement (FARS)

A U.S. DoD document provides various definitions of commerciality, any one of which or a combination of which can be used to justify commerciality.

Federal Aviation Administration

The federal agency is responsible for administering federal safety regulations governing air transportation.

Federal Drug Administration (FDA)

An agency of the United States Department of Health and Human Services that is responsible for the regulation and supervision of the safety of foods, dietary supplements, drugs, vaccines, biological medical products, blood products, medical devices, radiation-emitting devices, veterinary products, and cosmetics.

Federal Emergency Management Agency (FEMA)

An agency that is part of the United States Department of Homeland Security, FEMA is responsible for coordinating a response to any disaster within the United States in the case that the event possibly overwhelms the resources of local and state authorities.

Federal Maritime Commission

A regulatory agency controls the services, practices, and agreements of international water common carriers and noncontiguous domestic water carriers.

Feeder Railroad Development Program

A federal program allows any financially responsible person (except Class I and Class II carriers) with ICC approval to acquire a rail line with a density of less than 3 million gross ton-miles per year in order to prevent the line from being abandoned.

FEFO

This method for dealing with perishable products mandates that items are serviced in order of their printed expiration date. Under this system, the listed date of consumption takes priority over the date of acquisition.

FEU (Forty-foot equivalent unit)

This measurement-based acronym refers to a standard forty-foot container size used in warehousing and shipping.

FG (Finished Goods Inventory)

Products completely manufactured, packaged, stored, and ready for distribution. Also, see End Item.

FGI (Finished Goods Inventory)

Products completely manufactured, packaged, stored, and ready for distribution. Also, see End Item.

Field Finished Goods

Inventory that is kept at locations outside the four walls of the manufacturing plant (i.e., distribution center or warehouse).

Field Service

Services provided to the customer after products have been delivered. This can include repairs, maintenance, and/or telephone support. Synonym: Field Service.

Field Service Parts

Parts inventory is kept at locations outside the four walls of the manufacturing plant, such as distribution centers, warehouses, and service vehicle stocks.

Field Warehouse

A warehouse on the property of the owner of the goods stores goods that are under the custody of a bona fide public warehouse manager. The public warehouse receipt is used as collateral for a loan.

FIFO

This inventory replenishment method prioritizes items that arrive first at a facility.

File Transfer Protocol (FTP)

The internet service that transfers files from one computer to another over standard phone lines is called file transfer protocol (FTP). The filed rate doctrine refers to the legal rate that a common carrier may charge, which is the rate published in the carrier's tariff on file with the ICC.

Fill Rate

The percentage of order items that the picking operation actually fills within a given period of time.

Fill Rates by Order

Whether orders are received and released consistently or released from a blanket purchase order, this metric measures the percentage of ship-from-stock orders shipped within 24 hours of order 'release.' Make-to-Stock schedules attempt to time the availability of finished goods to match forecasted customer orders or releases. Orders that were not shipped within 24 hours due to consolidation but were available for shipment within 24 hours are reported separately. In calculating elapsed time for order fill rates, the interval begins at ship release and ends when material is consigned for shipment.

Final Assembly

The highest-level assembled product, as it is shipped to customers. This terminology is typically used when products consist of many possible features and options that may only be combined when an actual order is received. Also, see End Item and Assemble to Order.

Final Assembly Schedule (FAS)

A list of scheduled operations is required to produce completed products in a make-to-order or assemble-to-order manufacturing process. It may involve secondary operations beyond the final assembly, which are required to complete sub-assemblies of components needed to assemble the finished product.

Finance Lease

An equipment-leasing arrangement that provides the lessee with a means of financing for the leased equipment is a common method for leasing motor carrier trailers.

Financial Responsibility

Motor carriers are required to have bodily injury and property damage (not cargo) insurance of not less than $500,000 per incident per vehicle. Higher financial responsibility limits apply for motor carriers transporting oil or hazardous materials.

Finished Goods Inventory (FG or FGI)

Products completely manufactured, packaged, stored, and ready for distribution. Also, see End Item.

Finite Forward Scheduling

A capacity-constrained scheduling technique that creates a production schedule using forecasted demand by proceeding sequentially through incremental future periods, while not exceeding the available capacity during each period. Also, see Finite Scheduling.

Finite Scheduling

A method of creating production schedules that takes resource availability into account. Schedule dates are adjusted forward or backward in time as necessary to maintain capacity constraints.

Firewall

A computer term for a method of protecting the files and programs on one network from users on another network is a firewall. A firewall blocks unwanted access to a protected network while giving the protected network access to networks outside of the firewall. A company will typically install a firewall to give users access to the Internet while protecting their internal information.

Firm Planned Order

A planned order that has been committed to production.

First expired, first out (FEFO)

This method for dealing with perishable products mandates that items are serviced in order of their printed expiration date. Under this system, the listed date of consumption takes priority over the date of acquisition.