Logistics Vocab
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Logistics Vocab
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1. A strategic orientation in which a limited number of traditional logistics activities are managed across business units.

2. 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.

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

4. An approach for locating a single facility that minimizes the distance to existing facilities.

5. A body of facts in a format suitable for decision making.

6. Similar to diversion - but it occurs after the shipment has arrived in the destination city.

7. Refers to buying components and inputs anywhere in the world.

8. Plastic wrapping that when heated shrinks in size to form a cover over the product.

9. An order that simultaneously achieves relevant customer metrics.

10. System that attempts enterprisewide coordination of relevant business processes by allowing (conceptually - at least) all functional areas within a firm to access and analyze a common database.

11. Piggyback traffic - or loading truck trailers onto rail flatcars.

12. Building up a variety of different products for resale to a particular customer.

13. Multiple logistics activities are combined into - and managed as - a single department.

14. Electronic devices that read bar codes and can be used to keep track inventory - reorder inventory - and analyze inventory patterns.

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

16. The science that seeks to adapt work or working conditions to suit the abilities of the worker.

17. The number of tons times the number of miles.

18. Having products available where they are needed by customers.

19. A charge assessed by rail carriers to users that fail to unload and return vehicles or containers promptly.

20. The buyer pays freight charges and owns the goods in transit. This is the most common FOB origin term.

21. Employees who are sent to other countries for extended periods of time.

22. Assumes that one or more factors are related to demand - and the relationship between cause and effect can be used to estimate future demand.

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

24. Factors in the system that cannot be changed for various reasons.

25. U.S. federal government body with primary responsibility for transportation safety regulation.

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