Logistics Quiz 1 CLA Chapter 1 Flashcards

Vocabulary practice flashcards covering Global Supply Chain concepts from Logistics Chapter 1.

The Customer

The driving force within the supply chain logistics life cycle.

Warehouse Expectations

Modern facilities expected to execute more transactions in less time and handle/store more items.

Cross-Docking

The process of moving items directly from an incoming trailer to the outgoing trailer or container with little or no storage time in between.

Demand

A need for a particular product, service, or component.

Work-in-process (WIP)

Inventory including all the materials being currently worked on.

Distribution Centers

Facilities in the supply chain that temporarily store materials that are passed on to transportation.

Picking

A term normally associated with order processing.

Order Cycle Time

The time it takes to process an order from the time the order is received from the customer until the order is delivered.

Production Facility

A type of facility such as a factory that makes hand tools or a car factory.

Stocking

The process of assigning products to the proper location in a warehouse.

Retail Outlet

A type of facility such as a jewelry store.

Transporter

The role played by companies like UPS and FedEx in the supply chain.

SKU

An acronym for Stock Keeping Unit.

Loading

The key function of the shipping department.

Warehouses/ Distribution Centers

Places where materials are stored for future use; performance is measured in units, line items, or cases per hour.

Supply Chain Logistics Trends

Developments including the adoption of computer-based technologies, increasing transportation costs, and higher customer expectations.

Finished goods inventory

Type of inventory that includes finished products that are ready for storage or shipment.

Raw material provider

A type of facility such as a coal mine.

Receiving

The first step in a typical logistics operation; errors here often continue throughout the rest of the material chain.

Acquisition

The process of establishing product inventory.

Efficiency in order fulfillment

The main productivity metric for logistics.