1) is the global leader in content delivery network and cloud services.
Akamai has their servers all around the world providing for its customers fast, reliable and secure work of their websites. They are responsible for almost 30% of all web traffic; 2) headquarters: Cambridge, USA; 3) Reverse logistics - is the process which involves collecting, transporting and handling used, outdated, unwanted or damaged goods/packaging for the purposes of their recycling, disposal and recovery. Reverse logistics is also related to the return of equipment that can be reused (pallets, containers); 4) FIFO (First In, First Out) - is a method used both in warehousing and accounting in which the assets that were produced or acquired first are sold, used or disposed as first. It is used if the products have a shelf life. Using FIFO allows you to reduce spoilage and obsolescence of goods; 5) There are 28 countries in the EU; 6) 3PL (Third Party Logistics) - the owner of goods (client company) outsources various elements of the supply chain to one 3PL company that performs the management function of the clients inbound freight, customs, warehousing, order fulfilment, distribution, and outbound freight to the clients customers; 7) IMPORTER A CONSIGNEE - Importer transports goods or services for other subjects. The importer is responsible for completing customs clearance procedures and formalities on arrival of goods into a country. Consignee is the recipient of the goods which importer is transporting. 8) INTRASTAT - is the system that collects information and statistics on the trade of goods between European Union countries. It was launched in 1993 replacing customs declarations as the source of EU trade statistics. Customs authorities are obliged to provide the statistics of trade on a monthly basis for the intrastat system. Following data is collected: the identification number allocated to the party responsible for providing information the reference period the flow (arrival, dispatch) the commodity the value of the goods the quantity of the goods the partner Member State the nature of the transaction; 9) CI - commercial invoice is a customs document used during exporting goods across international borders. There is no standard format, but the document must include a few specific information such as: senders and recipients name and address country of manufacture, export, destination date invoice number senders and recipients reference carrier carrier tracking number quantity total net and gross weight currency total value freight and insurance charges other charges total invoice amount harmonized code unit weight and value type of packaging terms of trade air waybill number signature CI is used to calculate tariffs, incoterms and is also used for customs clearance purposes; 10) INCOTERMS - there are international commercial terms published by International Chamber of Commerce (ICC). They are used in international commercial transactions and procurement processes. Incoterms rules explain terms such as insurance, carriage or risk of loss. There are 7 terms that can be used to any mode of transport and 4 rules that can be used only for sea transport. The list below contains all of them: EXW Ex Works (place of delivery) FCA Free Carrier (place of delivery) CPT Carriage Paid To (place of destination) CIP Carriage And Insurance Paid (place of destination) DAT Delivered At Terminal (place of destination) DAP Delivery At Place (place of destination) DDP Delivery Duty Paid (place of destination) FAS Free Alongside Ship (port of shipment) FOB Free On Board (port of shipment) CFR Cost And Freight (port of destination) CIF Cost, Insurance & Freight (port of destination); 11) P/L - is a shipping document that contains package details such as net and gross weights, dimensions and contents of all shipping pieces contained in a shipment. It is usually placed inside attached protective pouch. Its role is to inform government authorities, transport agencies and customers and to help all the parties to deal with the package in an adequate way; 12) AWB (Air Waybill or air consignment note) - is a non-negotiable document for air transport that serves as a receipt of goods for the shipper and as a contract of carriage between the shipper and the carrier. It covers transport of cargo from airport to airport and includes conditions of carriage, charges and a description of goods. Air waybills have a 11-digit number which allows to check location and the status of delivery. What is more, they are issued in 8 different colours. AWB number: the first 3 digits are the Airline Prefix the next 7 digits is the Serial Number of the AWB the last digit is the Check digit (the check digit is derived by dividing the 7 digit Serial Number by 7. The remainder determines the Check Digit); 13) HAWB, CI - House Air Waybill, Commercial Invoice; 14) EOQ (Economic Order Quantity), estimating safety stock, demand forecasting; 15) South Africa, Turkey; 16) DIFFERENT MODES OF TRANSPORT - Air Advantages: the fastest way of transport, delivers to remote places, high reliability; Disadvantages: high cost, vulnerable to weather conditions, fuel consumption; Land Road Advantages: door to door transport, cargo safety, large choice of carriers, flexibility; Disadvantages: it depends on weather conditions, high cost for long distance transports, slow way of transport for long distances; Rail Advantages: weather conditions have no effect, no traffic, high frequency and throughput, effective loading and unloading; Disadvantages: fuel consumption, low access to the point of sales (it usually requires use different mode of transport after unloading the cargo), small choice of carriers; Sea Advantages: economical for heavy loads, safe, low costs of maintenance; Disadvantages: vulnerable to weather conditions, slow way of transport; Others: Pipeline, Cable, Space, Drone; 17) RFQ (Request For Quotation) - is a competitive bid document used when inviting suppliers and subcontractors to submit a bid on projects or products; 18) VAT (Value-Added Tax) - is the type of consumption tax. It is added incrementally whenever value is added to the price at each stage of production and at a final sale. The tax rate depends on the location of the customer; 19) Just In Time (JIT) - is an inventory system in which goods are delivered or produced just in time when needed for the shipment or the next process. Inventory control and warehousing is minimal or is completely eliminated. JIT is a process for optimizing manufacturing processes by getting rid of all time wasting steps. Advantages: minimal amounts of inventory obsolescence low inventory costs there is no need for warehouse space better quality control of products; Disadvantages: lack of some goods can impact the production process (when the supplier does not deliver them on time) company may not be able to meet the unexpected demand needed IT technology is expensive 20) HTSN - is an internationally standardized system of names and numbers for the classification of products. They consist 6 digits. The first 2 digits stand for chapter, next 2 for heading and the last 2 for subheading. 21) CYCLE ACCOUNTING -