Logistics Vocab
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Logistics Vocab
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25 Questions

1. One location where customers can purchase products from two or more name-brand retailers.

2. Money paid before an exchange.

3. Established in the late 1980s to recognize U.S. organizations for their achievements in quality and performance.

4. Bringing together inventory from different sources.

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

6. A system in which products are stored wherever there is empty space available in a warehouse.

7. Involves rearranging the quantities and assortment of products as they move through the supply chain.

8. Helps managers make decisions by providing information - models - or analysis tools.

9. Refers to the fact that more items are recorded entering than leaving warehouse facilities.

10. Refers to employees who do not follow company guidelines about which suppliers to use in particular situations.

11. Uses the internet to make it easier - faster - and less expensive for an organization to purchase goods and services.

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

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

14. Facilitators that make the channel function better.

15. Refers to how easy a commodity is to pack into a load.

16. State laws that specify that a worker does not have to join the union to work permanently at a facility.

17. A carrier or public facility where freight (or passengers) is shifted between vehicles or modes.

18. Global Supply Chain Forum

19. Terminal-to-terminal movement of freight or passengers.

20. Inventory that is held in addition to cycle stock to guard against uncertainties in supply and/or lead time.

21. The depth in the water to which a vessel can be loaded.

22. Refers to communication without cables and cords - and includes infrared - microwave - and radio transmissions.

23. Positive - long-term relationships between supply chain participants.

24. Characterized by variability in demand orders among supply chain participants.

25. Provide effective ways to process personal and organizational business data - to perform calculations - and to create documents.

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