Test 3 Flashcards
Balanced logistics system
A company has a relative balance of inbound and outbound goods
What are the five main activities of the order cycle
Order preparation Order processing Order receipt Order shipment Order transmission
What is heavy inbound logistics system
A heavy inbound logistics system is one where a heavy inbound flow is present but with a low outbound flow.large amounts of parts and raw materials are used to create a minimal amount of products
Order cycle
The time that elapses from when a buyer places an order until receipt of the order
What are incoterms
Terms of sale for international transactions that represent from the sellers viewpoint the different locations or stages for quoting a price to overseas buyers
What are the legal classifications and types of carriers
Common carriers-serves general public
Contract carriers-specialized service on a contractual basis
Exempt carriers-for hire carrier exempt for economic regulation
Private carriers -exempt from economic regulation
Fastest mode of transportation
Air
Most reliable mode of transportation
Pipeline
What is intermodal transportation
Transportation when using a container or other equipment than can be transferred from the vehicle of another without the contents being reloaded or distributed
5 modes of trans
Motor Rail Air Ocean Pipeline
What are the value added services of a warehouse
Additional processing of an order beyond the storage and picking of it such as custom labeling, display building, grouping, sorting , promotional packing etc.
MRP
Materials requirement planning
Material requirements planning
A dependent demand technique that uses bill of materials inventory expected receipts and a master production schedule to determine material requirements
Mps
Mater production schedule
Mps
A timetable that specifies what is to be made and when
