Transportation Flashcards
The forward and backward movement of the product in the value chain
Product movement
Temporary storage for in – transit goods.
Product Storage
Continuous and efficient movement of product from vendor to manufacturer to customer.
Customer requirements
Their shipments be delivered as they require - on the date needed, by the carrier preferred, both shipped complete and delivered complete and in good order.
Timely movement of shipments
Their shipments be delivered as they require - on the date needed, by the carrier preferred, both shipped complete and delivered complete and in good order.
Timely movement of shipments
Selecting the mode of transport.
Mode selection
Catches the attention of the carrier of forwarder. The carrier attention with volume creates a competitive interest in a business.
Carrier relationships
Measuring means comparing performance versus standards. Benchmarking means learning what other companies do–the best practices.
Measuring/benchmarking
Means comparing performance versus standards.
Measuring
Means learning what other companies do–the best practices.
Benchmarking
The strategy to be ready to change.
Flexibility
The movement of the product between the two points in the chain.
Shipper
The destination party or receiver.
Consignee
Which moves or transports the product
Carrier
Has a high interest level in the transactions because a stable and efficient transportation environment is necessary to sustain economic growth.
Government
The determinant of transportation by desiring goods at reasonable prices.
Public
The least hazardous in nature when compared to all other modes of transport.
Air
The oldest mode of transportation. Is the slowest modes of all the modes and a lot of delays also occur at ports and terminals.
Sea / Water
Transporting large quantities of freight over long distances.
Railways
Transporting large quantities of freight over long distances.
Railways
Most popular mode of transport.
Roadways
Used for oil transportation by all public and private sector petroleum refineries.
Pipeline
The cost as it is a direct contributor to variable costs like labor, fuel, and maintenance. The tapering principle, where the cost curve increases at a decreasing rate as a result of the distance function is relevant here.
Distance
To consolidate smaller loads into larger loads to take advantage of the economies of scale.
Volume
Where the product density can be increased within a truckload for better capacity utilization.
Density
The product dimensions and how they affect the vehicle space utilization.
Storability
While loading or unloading trucks, railcars, or ships, there is a necessity for special handling equipment like trolleys, forklift trucks, conveyors etc. to load or unload trucks, railcars or ships.
Handling
Are product characteristics.
Liability
The movements between the points of origin and destination.
Market Factors
The transportation cost per unit of weight decreases with an increase in the size of shipment.
Economy of scale
The decrease in the transportation cost per unit with an increase in the distance.
Economy of distance
A computerized, basic document, which is, utilized in purchasing transport services.
Bill of Lading
This is how the carrier charges for the transportation services he performs
Freight Bill
Document that used when multiple shipments are placed on a single vehicle.
Shipping Manifest
An important activity for the organization.
Transportation Management
Necessity to understand the transport environment, to make sound transport decisions. The environment consists of the five parties – shipper, consignee, carrier, government and public.
Analysis and Understanding of environment
The order of preference in performance of transportation functions.
Clarity in objectives
A choice between single mode and intermodal transport has to be made to achieve objectives efficiently.
Selecting mode of transportation
After selecting the mode, the company must decide whether to in source the activity or outsource to third parties.
In source or outsource
The efficiency of the transport system can be ascertained by measuring the customer satisfaction.
Evaluation and Control
