UNIT 8: LOGISTICS AND TRANSPORTATION

Distributors

A business and industry which acts as a third party local representative and distribution point for manufacturing firm

Business Logistics

is the systematic and coordinated set of activities required to provide the physical movement and storage of goods (raw materials, parts, finished goods) from vendor/supply services through company facilities to the customer (market) and the associated activities - packaging, order processing, etc.-in an efficient manner necessary to enable the organization to contribute to the explicit goals of the company.

Freight Forwarder

An organization which provides logistics services as an intermediary between the shipper and the carrier, typically on international shipments

Logistics management

is that part of supply chain management that plans, implements, and controls the efficient, effective forward and reverse flow and storage of goods, services and related information between the point of origin and the point of consumption in order to meet customers' requirements.

Linked distributed system

is an independent computer systems, owned by independent organizations, linked in a manner to allow direct updates to be made to one system by another.

Machine-to-Machine Interface (M2M)

is a term describing the process whereby machines are remotely monitored for status and problems reported and resolved automatically or maintenance scheduled by the monitoring systems.

Integrated logistics

is a comprehensive, system-wide view of the entire supply chain as a single process, from raw materials supply through finished goods distribution. All functions that make up the supply chain are managed as a single entity, rather than managing individual functions separately.

Logistics channel

The network of supply chain participants engaged in storage, handling, transfer, transportation, and communications functions that contribute to the efficient flow of goods.

Logistics data interchange

______ is a computerized system to electronically transmit logistics information.

Supply Chain Management

It encompasses the planning and management of all activities involved in sourcing and procurement, conversion, and all logistics management activities

Logistics

It is the process of planning, implementing and controlling the flow and storage of goods, which aims at ensuring that the right product will be in the right place at the right time in the most cost efficient way based on customers' needs

Distribution channel

One or more companies or individuals who participate in the flow of goods and services from the manufacturer to the final user or consumer

Lead time

is the total time that elapses between an order's placement and its receipt. It includes the time required for order transmittal, order processing, order preparation, and transit

Market-positioned warehouse

A ______ is a warehouse positioned to replenish customer inventory assortments and to afford maximum inbound transport consolidation economies from inventory origin points with relatively short-haul local delivery.

Marshaller or Marshalling agent

______ is a service unique to international trade and relates to an individual or firm that specializes in one or more of the activities preceding Main Carriage, such as consolidation, packing, marking, sorting of merchandise, inspection, storage, etc.

Order management

is the planning, directing, monitoring, and controlling the processes related to customer orders, manufacturing orders, and purchase orders

Automated guided vehicle system

is a transportation network that automatically routes one or more material handling devices, such as carts or pallet trucks, and positions them at predetermined destinations without operator intervention.

Bill of Lading (BOL)

is a transportation document that is the contract of carriage containing the terms and conditions between the shipper and carrier.

Common carrier

is transportation available to the public that does not provide special treatment to any one party and is regulated as to the rates charged, the liability assumed, and the service prodived

Outbound logistics

is the process related to the storage and movement of the final product and the related information flows from the end of the production line to the end user

Reverse logistics

is the process of moving products from end-user back to the origin to recover value or for proper disposal.

Inbound logistics

is the flow, or management, of goods into a production unit or warehouse.