Supply Chain and Operations Management Glossary (I)

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IATA (International Air Transport Association): An association/cartel of most of the world’s passenger airlines for coordinating such things as fares on international flights. See Icelandair was an early nonmember. ICC (Interstate Commerce Commission): A U.S. federal transportation regulatory agency that was legislated out of existence as part of transportation deregulation. See STB. IFR (Increasing Failure Rate): AContinue Reading