Logistics Vocab
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Logistics Vocab
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1. Factors in the system that cannot be changed for various reasons.

2. These help various stake-holders to work together by interacting and sharing information in many different forms.

3. Refers to choosing the locations for distribution centers - warehouses - and production facilities to facilitate logistical effectiveness and efficiency.

4. A process where product is received in a facility - occasionally married with product going to the same destination - then shipped at the earliest opportunity - without going into long-term storage.

5. The percentage of orders that can be completely and immediately filled from existing stock.

6. Similar to the center-of-gravity locational approach - except that shipping volumes are also taken into account.

7. A company that helps both shipper and carrier achieve lower freight rates and more efficient utilization of carrier equipment. Brokers also help match carriers to loads.

8. Aka bulk-making

9. Global Supply Chain Forum

10. An order that simultaneously achieves relevant customer metrics.

11. Inventory that is in route between various nodes in a logistics system.

12. The distance between the inner sides of two parallel rail tracks.

13. These are materials that are no longer serviceable - have been discarded - or are a by-product of the production process.

14. Analyzing the impacts of small changes - such as adding or subtracting one unit of input.

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

16. A framework that identifies eight relevant processes - such as customer relationship management - demand management - and order fulfillment - associated with supply chain management.

17. Restrictions other than tariffs that are placed on imported products.

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

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

20. In transportation - a small quantity or small package.

21. Truck trailers of flatcars.

22. Refers to software that has been developed for managers to deal with specifics logistics functions or activities (e.g. transportation management systems)

23. A document that notifies a transportation carrier of wrong or defective deliveries - delay - or other delivery shortcoming.

24. Emphasize the storage of products and their primary purpose is to maximize usage of available storage space.

25. An international logistics specialist that custom packs shipments when the exporter lacks the equipment or expertise to do so itself.

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