Unit 8-1

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

Distributor

__________ is the systematic and coordinated set of activities required to provide the physical movement and storage of goods from vendor/supply services through company facilities to the customer.

Business Logistics

An organization which provides logistics services as an intermediary between the shipper and the carrier is known as __________.

Freight Forwarder

__________ is that part of supply chain management that plans, implements, and controls the efficient, effective forward and reverse flow and storage of goods to meet customers' requirements.

Logistics management

__________ is an independent computer system, owned by independent organizations, that are linked to allow direct updates to be made to one system by another.

Linked distributed system

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

Machine-to-Machine interface (M2M)

__________ is a comprehensive, system-wide view of the entire supply chain as a single process, from raw materials supply through finished goods distribution.

Integrated logistics

The network of supply chain participants engaged in storage, handling, transfer, transportation, and communications functions is called __________.

Logistics channel

__________ is a computerized system to electronically transmit logistics information.

Logistics data interchange (LDI)

It encompasses the planning and management of all activities involved in sourcing and procurement, conversion, and logistics management activities is known as __________.

Supply Chain Management

The process of planning, implementing and controlling the flow of goods, which aims at ensuring the right product will be in the right place at the right time is referred to as __________.

Logistics

One or more companies or individuals who participate in the flow of goods and services from manufacturer to final user is called __________.

Distribution channel

__________ is the total time that elapsed between an order’s placement and its receipt, including order transmittal, processing, and transit.

Lead time

A __________ is a warehouse positioned to replenish customer inventory assortments with short-haul local delivery.

Market-positioned warehouse

__________ is a service unique to international trade that specializes in activities preceding Main Carriage, such as consolidation and storage.

Marshaller or Marshalling agent

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

Order management

__________ is a transportation network that automatically routes material handling devices to predetermined destinations without operator intervention.

Automated guided vehicle system (AGVS)

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

Bill of Lading (BOL)

__________ is transportation available to the public that is regulated as to the rates charged and the service provided.

Common carrier

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

Outbound Logistics

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

Reverse Logistics

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

Inbound Logistics