Term
| automated storage and retrieval systems (AS/RS) |
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Definition
| Computer-controlled systems that use robots to automatically select, find, retrieve, and convey product items from storage bins to loading docks. |
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Term
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Definition
| Splitting a large shipment into individual orders and arranging for local delivery to customers. |
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Term
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Definition
| Attempts to find the lowest-cost location for a facility based on demand and distance. |
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Term
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Definition
| Transportation companies that provide service to the public. |
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Term
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Definition
| Combining small orders or shipments into one larger shipment to take advantage of transportation economies. |
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Term
| containerization or unitization |
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Definition
| Creating one large container out of several smaller units. |
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Term
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Definition
| Carriers that have specific contracts with a limited number of shippers. |
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Term
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Definition
| Increasing the cost of one logistics activity reduces the cost of another. |
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Term
| cost-to-service trade-off |
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Definition
| As service levels increase, typically so do costs. |
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Term
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Definition
| Combines break-bulk and consolidation warehouse activities. |
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Term
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Definition
| Term used to describe the strategic role of warehouses in storage and creating assortments that meet customer requirements. |
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Term
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Definition
| Government controls of the entry, rates, and services provided by transportation carriers. |
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Term
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Definition
| The cost per unit of distance decreases as the distance moved increases. |
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Term
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Definition
| The cost per unit of weight decreases as the size of the shipment increases. |
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Term
| integrated service providers (ISPs) |
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Definition
| Companies that provide a range of logistics services. |
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Term
| intermodal transportation |
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Definition
| A combination of two or more transportation modes to take advantage of the economies and service characteristics of each. |
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Term
| less-than-truckload (LTL) |
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Definition
| Less-than-truckload carriers usually move loads of less than 15,000 pounds. |
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Term
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Definition
| Management of the movement and storage of materials at lowest cost while still meeting customers' requirements |
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Term
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Definition
| Stock products in a single or only a few locations rather than spread inventory out across a large number of warehouses. |
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Term
| market area consolidation |
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Definition
| Combining several small shipments from one shipper that are going to the same market area into one shipment. |
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Term
| pooled delivery consolidation |
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Definition
| Combines small shipments from different shippers that are going to the same market area. |
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Term
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Definition
| Companies that own and operate transportation equipment to transport their own products. |
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Term
| production support warehouse |
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Definition
| A warehouse dedicated to storing parts and components needed to support a plant's operations. |
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Term
| safety (and social) regulation |
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Definition
| Regulation designed to ensure that transportation carriers conduct their activities in a safe and responsible manner. |
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Term
| scheduled delivery consolidation |
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Definition
| Establishing specific times when deliveries to customers will be made. |
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Term
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Definition
| Specialty carriers include package haulers such as FedEx and United Parcel Service (UPS). |
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Term
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Definition
| The storage of inventories in warehouses to protect against seasonality either in supply or demand. |
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Term
| third-party logistics service providers (3PLs) |
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Definition
| A common term used in the industry to describe ISPs. |
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Term
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Definition
| The sum of all product- and logistics-related costs. |
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Term
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Definition
| A form or method of transporting items. |
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Term
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Definition
| A facility where products are received, sorted, sequenced, and selected into loads consistent with the customers' needs. |
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Term
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Definition
| Truckload carriers generally carry only full trailers of freight (i.e., with shipments in excess of 15,000 pounds). |
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Term
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Definition
| Any work that creates greater value for customers. |
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Term
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Definition
| The ratio of a product's value to its weight. |
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Term
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Definition
| Combining shipments from a number of sources into one larger shipment going to a single location. |
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