Chap 11 logistics management
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katepolley on October 18, 2010
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19 terms
Terms | Definitions |
|---|---|
 logistics management | management of the movement and storage of materials at lowest cost while still meeting customers' requirements. |
| cost to service trade off | as service levels increase, typically so do costs |
| cost to cost trade off | increasing the cost of one logistics activity reduces the cost of another. |
| total landed cost | the sum of all product and logistics related costs. includes costs of manufacturing, transit to country of sale and country of sale. bn |
| consolidation | combining small orderes or shipments into one larger shipment to take advantage of transportation economies. |
| market area consolidation | a type of consolidation, combining several small shipments from one shipper that are going to the same market area into one shipment. |
| pooled delivery | a type of consolidation, combine small shipments from different shippers going to the same area. |
| scheduled delivery | a type of consolidation, delivery at specific times |
| value density | ratio of value to weight, often determines the type of carrier used. |
| Common Density | provide service to the public with published rates |
| contract Density | provide service only to select, contract customers |
| Private Density | firm owns its own equipment. |
| break bulk | splitting a large shipment into individual orders and arranging for local delivery to customers. |
| wharehouse consolidation | combining shipments from a number of sources into one larger shipment going to a single location. |
| cross docking | combines break bulk and consolidation warehouse activities. |
| center of gravity method | attempts to find the lowest cost location for a facility based on demand and distance. |
| logistics postponement | stock products in a single or only a few locations rather than spread inventory out across a large number of warehouses. |
| integrated service providers (ISP) | companies that provide a range of logistics services. |
| third party logistics service providers (3PLs) | a common term used in the industry to describe ISPs. |
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