Logistics Vocab
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Logistics Vocab
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1. A flat sheet of either fiberboard material or plastic that is placed under the unit load.

2. A transportation manager who purchases a prespecified level of transportation service and is indifferent to the mode(s) or carrier(s) used to provide the actual transportation service.

3. The receiver of a shipment.

4. A system that simplifies each of the three primary rate factors - product - weight - and distance.

5. A company discontinues operations at a current site because the operations are no longer needed or can be absorbed by other facilities.

6. The level of inventory at which a replenishment order is placed.

7. A small platform (made of plastic - steel - or wood) on which goods are placed for handling by mechanical means.

8. Refers to the number of transportation modes available to prospective users.

9. A group of forecasting techniques that is based on the idea that future demand is solely dependent on past demand.

10. Separating products into grades and qualities desired by different target markets.

11. Includes all activities from when an appropriate location is authorized to fill an order until goods are loaded aboard an outbound carrier.

12. Concept that suggests that all relevant activities in moving and storing products should be considered as a whole (i.e. - their total cost) - not individually.

13. Refers to software that users access on a per-use basis instead of software they own or license for installation.

14. Refers to logistical activities associated with goods that move across national boundaries.

15. Looks at a single aspect of logistics - such as a time-and-motion study of individuals who handle incoming freight at a receiving dock.

16. For-hire carriers that have been exempted from economic regulation through provisions in various pieces of legislation.

17. Money paid before an exchange.

18. Goods moving between two points - often accompanied by a live bill of lading.

19. Generates and uses few or no paper documents and relies on technology to accomplish the relevant tasks.

20. Identifies opportunities to recover revenues or reduce costs associated with scrap - surplus - obsolete - and waste materials.

21. Inventory is replenished on a constant - set schedule and is always ordered at a specific time; the quantity ordered varies depending on forecasted sales before the next order date.

22. Companies whose primary business is other than transportation provide their own transportation service by operating truck - railcars - barges - ships - or airplanes.

23. The time from when the customer places or sends the order to when the seller receives it.

24. A common credential that will be used to identify workers across all modes of transportation.

25. Breaking larger quantities into smaller quantities.

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