shipment-stock-photos
Shipping Terms

Commonly Used Terms

Click on the term below and get an explanation
Understand what the shipping terms means

Activity Based Budgeting (ABB)

An approach to budgeting where a company uses an understanding of its activities and driver relationships to quantitatively estimate workload and resource requirements as part of an ongoing business plan. Budgets show the types, number of and cost of resources that activities are expected to consume based on forecasted workloads. The budget is part of an organization’s activity-based planning process and can be used in evaluating its success in setting and pursuing strategic goals.

More From Cogoport

Schedule a personalized 1:1

Step into the future of freight forwarding with Cogoport. Experience a demo tailored to revolutionize your logistics, offering:

  • Innovative Solutions: Peek into cutting-edge features redefining freight management.
  • Expert Guidance: Direct insights from our seasoned pros, tailored to your business needs.
  • Real Answers: Interactive session to address your unique challenges.
Book a demo

Subscribe to our newsletter now!

Don’t miss out on the latest happenings at Cogoport.