Logistics and Supply Chain Management: Key Terms and Definitions, Quizzes of Supply Management

Download Logistics and Supply Chain Management: Key Terms and Definitions and more Quizzes Supply Management in PDF only on Docsity! TERM 1 Logistics DEFINITION 1 that part of supply chain management that plans, implements and controls the efficient, effective forward and reverse flow and storage of goods, services and related information between the point of origin and the point of consumption in order to meet customers' requirements. TERM 2 Time Utility DEFINITION 2 Get products delivered at precisely the right time, not early and not late. TERM 3 Place Utility DEFINITION 3 Get things delivered to the right place TERM 4 Prime Distribution Services (PDS) DEFINITION 4 Incorporates:WarehousingCross DockingPackagingConsolidation TERM 5 Contract Carriers DEFINITION 5 by contract for specific or accumulated service often are also common carriers TERM 6 Exempt Carriers DEFINITION 6 Exempt Products - agriculture/CoalExempt from tax because it is essential to the economy TERM 7 Private Carriers DEFINITION 7 Personal Fleet TERM 8 Hump DEFINITION 8 used to separate and distribute the freight of where it needs to go TERM 9 Transportation Worker Identification Credential (TWIC) DEFINITION 9 Provides a tamper-resistant biometric credential to maritime workers requiring unescorted access to secure areas of port facilities, outer continental shelf facilities, and vessels regulated under the martime transportation act of 2002. TERM 10 CargoNet DEFINITION 10 is the primary operator of freight trains on the Norwegian railway system. It was formed as NSB Gods after NSB fissioned into a passenger and a freight company.