| A | B |
|---|
| Amodal Shipper | “A transportation manager who purchases a prespecified level of transportation service and is indifferent to the mode(s) or carrier(s) used to provide the actual transportation service.” |
| Bill of lading | “The most important single transportation document that is the basic operating document in the industry.” |
| Expediting | “The need to rapidly move a shipment to its final destination.” |
| Freight Bill | “An invoice submitted by a transportation carrier requesting to be paid.” |
| Routing | “The process of determining how a shipment will be moved between consignor and consignee or between place of acceptance by the carrier and p lace of delivery to the consignee.” |
| Weight break | “The shipment size that equates transportation charges for different rates and weight groups.” |
| Empowerment zone | “Created by the U.S. Department of Housing and Urban Development to encourage business development—through various tax credits—in economically depressed portions of cities.” |
| Expatriate workers | “Employees who are sent to other countries for extended periods of time.” |
| Facility relocation | “A firm must move operations to another facility to better serve suppliers or customers.” |
| Free trade zone | “An area |
| Grid system | “A location technique utilizing a map or grid |
| Maquiladoras | “Manufacturing plants that exist just south of the U.S.—Mexican border.” |
| Right-to-work laws | “State laws that specify that a worker does not have to join the union to work permanently at a facility.” |
| Weight-gaining products | “A product that gains weight in processing; the processing point should be close to the market.” |
| Weight-losing products | “A product that loses weight during the production process; the processing point as near to its origin as possible.” |
| ABC Analysis | “Concept that recognizes that because inventories are not of equal value to firm |
| Economic Order Quantity (EOQ) | ‘An order size that minimizes the sum of carrying and ordering costs.” |
| Fixed Order Interval System | “Inventory is replenished on a constant |
| Fixed Order Quantity System | “Inventory is replenished with asset quantity every time it is ordered the time interval between orders may very” |
| Inventory Shrinkage | “Refers to the fact that more items are recorded entering that leaving warehousing facilities” |
| Just-in-time (JIT) approach | “Seeks to Minimize inventory by reducing (if not eliminating) safety stock |
| Nodes | “Fixed facilities |
| Speculative stock | “Inventory that is held for several reasons such as seasonal demand |
| Stockout Costs | “Costs to seller when it is unable to supply an item to a customer ready to buy it” |
| Allocating | “Breaking larger quantities into smaller quantities. |
| Contract warehousing | “a type of contract logistics that focuses on providing unique and specially tailored warehousing services to particular clients.” |
| Distribution center | “a warehouse with an emphasis on quick throughput |
| --Dunnage | “Material that is used to block and brace products inside carrier equipment to prevent the shipment from shifting in transit and becoming damaged.” |
| Field warehousing | “a facility temporarily established at the site of inventory; the warehouse assumes custody of the inventory and issues a receipt for it |
| Fixed slot location | “Each product is assigned a specific location in a warehouse and is always stored there.” |
| Multiclient warehousing | “Mixes attributes of public and contract warehousing; services are more differentiated than a public facility but less customized than in a contract facility.” |
| OSHA | “a U.S. federal agency that regulates workplaces to ensure the safety of workers.” |
| Regrouping function | “Involves rearranging the quantities and assortment of products as they move through the supply chain.” |
| Sorting out | “Separating products into grades and qualities desired by different target markets.” |
| Throughput | “Refers to the amount of product entering and leaving a facility in a given time period.” |
| Warehousing | “That part of a firm logistics system that stores products at and between points of origin and point of consumption.” |
| Global Procurement (sourcing) | “Refers to buying components and inputs anywhere in the world” |
| Investment Recovery | “Identifies opportunities to recover revenues or reduce costs associated with scrap |
| ISO 9000 | “A set of generic standards used to document |
| Kickbacks | “Money paid after an exchange” |
| Obsolete Materials | “Refer to materials that are not likely to ever be used by the organization that purchased it” |
| Reverse Auctions | “A buyer invites bids from multiple sellers |
| Supplier Development (reverse marketing) | “A degree of aggressive procurement involvement not normally encountered in supplier selection” |
| Supply Management | “A relational exchange approach involving a limited number of suppliers” |
| Waste Materials | “These are materials that have been spoiled |
| Cargo Preference | “Requires a certain percentages of traffic to move on nations flag vessels” |
| Embargoes | “Prohibition of trade between particular countries” |
| Export management company | “Firm that helps a domestic company become involved in foreign sales.” |
| Import quotas | “Absolute limits to the quantity of a product that can be import into a county during a particular time period” |
| Incoterms 2000 | “Terms of sale for international transaction that represent |
| Nontariff Barrier | “Restrictions other that tariffs that are place on imported products” |
| Nonvessel-operating common Carrier (NVOCC) | “In international trade |
| Shipping Conference | “Cartels of all ocean vessel operators operating between carriers and trade areas” |
| Tariffs | “Taxes that government places on the importation of certain items” |
