Logistics Management - ACCURATE ANSWERS The discipline responsible for the movement, routing, distribution, transportation, and coordination activities that apply to goods delivery and/or service performance.
Mode - ACCURATE ANSWERS The type of average that indicates the most frequent instance o...
Logistics Management - ACCURATE ANSWERS✔✔ The discipline
responsible for the movement, routing, distribution, transportation, and
coordination activities that apply to goods delivery and/or service
performance.
Mode - ACCURATE ANSWERS✔✔ The type of average that indicates
the most frequent instance of a number or happening. The number in a
distribution that occurs most frequently.
Carload - ACCURATE ANSWERS✔✔ The minimum weight, as
defined by law, of a shipment entitled to a reduced freight rate. The
shipment amount that fills a freight car (or truck). A load that fills the
maximum capacity of a transporting unit.
Truckload - ACCURATE ANSWERS✔✔ A quantity of freight to which
truckload rates apply; indicates full truckload as opposed to LT (less than
truckload) shipment. Motor carriers will charge less per Cwt if a shipper
is moving full truckloads (TL).
Third Party - ACCURATE ANSWERS✔✔ Generally, a contractor or
supplier who ultimately receives monetary payment (grant funds) from
the grantee as a result of rendering contractual goods or services in
satisfaction of a contract that was funded by the grant.
,latent damage - ACCURATE ANSWERS✔✔ occurs when a device is
partially degraded during manufacturing and handling, yet it meets
product test specifications and is ultimately shipped to a customer
demurrage - ACCURATE ANSWERS✔✔ a fee charged by a carrier
against a consignee, consignor, or other responsible party to compensate
for the detention of the carrier's equipment in excess of allowable free
time for loading, unloading, reconsigning, or stopping in transit. The
term is also used by suppliers of material delivered in a variety of
returnable containers, such as gas cylinders, rail containers, and
equipment
dunnage - ACCURATE ANSWERS✔✔ loose wood, matting, or similar
material used to keep a cargo in position in a ship's hold
Freight on Board (FOB) - ACCURATE ANSWERS✔✔ a term in
international commercial law specifying at what point respective
obligations, costs, and risk involved in the delivery of goods shift from
the seller to the buyer under the Incoterms standard published by the
International Chamber of Commerce
3PL (Third Party Logistics) - ACCURATE ANSWERS✔✔ This is the
term for a third-party logistics provider that manages the transportation
needs of another organization
Bill of Lading - ACCURATE ANSWERS✔✔ a legally required
document that parties involved must complete before a shipment can be
allowed to deliver its goods. It serves as a protection for both the carrier
, and the shipper since it contains a detailed description of the exact
weight of the shipment, its exact value, its type, the quantity, and
destination of the material being transported. The carrier will be the one
to issue the document that will be submitted to the shipper of the goods.
Capital Equiment - ACCURATE ANSWERS✔✔ long-lasting goods a
firm acquires and owns but does not consume in the ordinary course of
business. These may include assets such as machines, trucks, large
computers, and office furniture. Items will have a minimum useful
service life of one year or more; have a certain threshold identified by
policy and contribute value to an agency's business
closed-looped supply chain - ACCURATE ANSWERS✔✔ a supply
chain, you recycle all the components when the product reaches the end
of its usable life.
decentralized warehouse - ACCURATE ANSWERS✔✔ a method of
maintaining several smaller warehouses spread out to different areas in
order to better serve different markets or stocking different products
Lead time - ACCURATE ANSWERS✔✔ the time elapsed from order
placement to receipt of commodity. this includes the activities of order
transmittal, processing, preparation and shipping. When there are
multiple links between organization and supplier, lead time is the sum of
all lead times. Congested airways, highways and waterways are always a
factor in estimating delivery lead times. The total time it takes to
complete a series of tasks within a process.
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