LOGISTICS MANAGEMENT 344 QUESTIONS AND ANSWERS A+ GRADED .Buy Quality Materials!
3PL (Third-Party Logistics)
A company that offers one or more logistics services to shippers, the most common being transportation management, freight forwarding, warehouse management, and light manufacturing.
...
3PL (Third-Party Logistics)
A company that offers one or more logistics services to shippers, the most common
being transportation management, freight forwarding, warehouse management, and
light manufacturing.
Air Transport
The fastest and most expensive mode of transportation, ideal for shipping expensive,
but light items that are urgently needed.
Backhaul
The process of a carrier contracting for the return trip from the original destination.
Batch Picking
Selecting items in a warehouse for multiple orders at the same time.
Break-Bulk
Dividing pallets, containers, truckloads, or railcars of homogeneous items into small
quantities for use.
Cross-Dock Warehouse
A facility that receives truckload quantities and sends out less-than-truckload shipments.
Walmart and Lowe's use these types of facilities in "hub and spoke" distribution network
design.
DC (Distribution Center)
A location to used to store inventory. Its name implies the inventory is faster moving
than in a traditional warehouse.
Deadhead
The return of an empty transportation container to its point of origin. Carriers try to avoid
this situation.
Discrete Order Picking
A method of selecting items for orders to be shipped, one order at a time.
EDLP
A retail strategy of keeping prices low as opposed to having promotions at certain times.
Fixed-Location Storage
A method of stocking items in relatively permanent locations in a storeroom or
warehouse. As a result, locations become familiar. This method uses more space but is
less dependent on inventory tracking software.
Floating-Location Storage
A method of stocking items in which parts are placed in any space that is empty when
they arrive at the storeroom or warehouse. This method uses less space but is more
dependent on inventory tracking software.
FTL (Full Truckload)
An agreement to ship a minimum of an entire truckload or container load to a single
customer. The cargo is typically homogeneous and stays on the same vehicle from the
origin to the destination.
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