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10 - Location, Logistics, and Distribution
Chapter 10
8
Management
Undergraduate 3
05/03/2014

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Term
Cross-Docking
Definition
An approach used in consolidation warehouses where, rather than making larger shipments, larger shipments are broken down into small shipments for local delivery in an area.
Term
Factor-Rating System
Definition
An approach for selecting a facility location by combining a diverse set of factors.  Point scales are developed for each criterion and the points are combined to calculate a rating for the site.
Term
Free Trade Zone
Definition
A closed facility (under the supervision of government customs officials) into which foreign goods can be brought without being subject to the payment of normal import duties
Term
Hub-and-Spoke Systems
Definition
Systems that combine the idea of consolidation and that of cross-docking.
Term
Internatinal Logistics
Definition
All functions concerned with the movement of materials and finished goods on a global scale
Term
Logistics    (2)
Definition

(1) In an industrial context, the art and science of obtaining, producing, and distributing material and product in the proper place and in the proper quantities.

 

 

(2) In a military sense, its meaning also can include the movement of personnel.

Term
Third-Party Logistics Company
Definition
A company that manages all or part of another company's product delivery operations.
Term
Transportation Method
Definition
A special linear programming method that is useful for solving problems involving transporting products from several sources to several destinations.
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