TRANSPO Flashcards
(129 cards)
largest expenditure in logistics
Transportation
Is the movement of goods and people from one place to another.
Transportation
moving whatever comes out of one location to the next location. That might mean transporting something from a manufacturer to a distributor, or from a distributor to a customer
Transportation
True/False
Without transport the whole world would be stagnant and movement of goods and human beings would have been nearly impossible.
True
responsible for moving inventory throughout a firm’s supply chain and to customers
Transportation manager
the most fundamental choice in transportation
- between using for-hire carriers or,
- a firm’s owned and operated transportation fleet.
a category of software that helps in planning and executing the physical movement of goods. It can be used by all members of the supply chain from manufacturers to distributors and third-party logistics providers (3PLs) – virtually any party that wants to coordinate shipments
Transportation Management System or TMS
deals with the principles, systems, processes, and best practice methodologies, and tools that will help equip the practitioner or operator with the needed skills and know how to better perform in this highly competitive logistics industry.
Transport operations management module
comprises the processes and systems used to manage the needs and requirements specific to the physical transportation of goods and cargo as part of supply chain or logistics management
Transportation management
two major logistics services
Product Movement
Product Storage
whether in the form of materials, components, work in process, or finished, the basic value provided by transportation is to move inventory to specified destinations throughout the supply chain.
goods
Product Movement
True or False
performance of transportation is vital to procurement, manufacturing, and customer relationship management.
True
a less visible aspect of transportation .
Product Storage
can also be used for temporary product storage at shipment origin or destination
transport vehicles
another transport service having storage implications
Diversion
occurs when the original shipment is changed after a product has been shipped
Diversion
the process of planning, implementing, and controlling the effective and efficient flow of goods and services from the point of origin to the point of consumption
Logistics
source and destination of transportation
may be in the same country, or one may be in a different country requiring international movement
role of transport
to facilitate the movement of goods from points of manufacture, storage or prepositioning, to points of use; or between hubs and distribution points; or hubs to end use; or distribution points to end use; or return from end use back to hub and prepositioning points or manufacturers
who State this “Logistics includes the integrated planning, control, realization, and monitoring of all internal and network-wide material, part, and product flow, including the necessary information flow, industrial and trading companies along the complete value added chain (and product life cycle) for the purpose of conforming to customer requirements.”?
Council of Logistics Management
one of the primary processes of logistics, concentrating on purchasing and arranging the inbound movement of materials, parts, and/or finished inventory from suppliers to manufacturing or assembly plants, warehouses, or retail stores.
Inbound logistics
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.
Outbound logistics
explains how a company will manage its corporate activities in order to meet consumer expectations
operating plan
which explains specific department objectives within an active organization
operational plan
