Lesson 1 Flashcards
Largest expenditure
Transportation
Responsible for moving inventory throughout a firm’s supply chain customers
Transportation manager
Means that a person or company provides transportation of passengers, regulated property, or household goods for compensation
For-hire carriers
a large group of ships, airplanes, trucks, etc., operated by a single company or under the same company
Firms owned transportation fleet
Movement of goods and people from one place to another
Transportation
Without transport the whole world would be ____ and movement of goods and human beings would have been nearly impossible
Stagnant
Comprises 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
2 functionality / transportation provides two major logistics services
Product movement
Product storage
basic value provided by transportation
Product movement
Whether in the form of materials, components, work in process, or finished goods
Product movement
Uses financial resources
Driver labor
Fuel
Vehicle maintenance
Capital invested in equipment
Administration
a less visible aspect of transportation
Product storage
Transport vehicles can also be used for _____ at shipment origin or destination
Temporary product storage
another transport service having storage implications
Diversion
occurs when the original shipment is changed after a product has been shipped
Diversion
Six parties / participants
Shipper
Destination party
Carriers and agents
Government
Internet
Public
the sender of a shipment in a contract of transport. Who wants to have their goods moved as quickly and safety as possible
Shipper or consignor
A successful transaction is considered when all the goods are transported at the lowest cost and in the fastest time, from origin to the correct destination
Shipper (consignor)
is the receiver of a shipment of freight
Destination party (consignee)
wants transportation that is low-cost, reliable and capable of delivery in the shortest time possible
Consignee
is the business that performs a transportation service
Carriers and agents
wants to charge their customers the highest freight rate possible while minimizing labor, fuel, and vehicle operating cost
Carriers and agents
are transportation agents that facilitate carrier and customer matching
Brokers and freight forwarders
has a vested interest in transportation because of the critical importance of reliable service to economic and social well being
Government
desires a stable and efficient transportation environment to support economic growth
Government
also promote carrier development supporting research and providing right-of way such a roadway and airports
Government
The primary advantage of the internet-based-communication is the ability of carriers to share real time information with customers and suppliers
Internet
The final transportation system participants
The Public
is concerned with transportation accessibility, expense, and effectiveness as well as environment protection, security, and safety
The public
