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Definition
| having inventory to consistently meet customer material or product requirements. |
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| the time required to deliver a customer's order |
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Definition
| the quality attributes of logistics, accurate measurement of availability and operational performance. |
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Definition
| The processing of orders from the customers to the shipping. |
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Definition
| The objective of an inventory strategy is to achieve desired customer service with the mini- mum inventory commitment |
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Definition
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Definition
| the movement of finished products to customers |
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Definition
| involves scheduling movement requirements that are under the control of the manufacturing enterprise |
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Term
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Definition
| concerned with purchasing and arranging inbound movement of materials, parts, and/or finished inventory from suppliers into manufacturing or assem- bly plants, warehouses, or retail stores |
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Definition
| A firm’s ability to satisfy customer requirements in a timely manner |
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Term
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Definition
| the elimination of system disruptions, is one basic objective of integrated logistics management |
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Term
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Definition
| an integrated logistics system must control asset commitment and turn velocity. Asset commitment is the financial value of deployed inventory. Turn velocity reflects the rate at which inventory is replenished over time. High turn rates, coupled with desired inventory availability, mean assets devoted to inventory are being efficiently and effectively utilized; that is, overall assets committed to support an integrated operation are minimized. |
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Term
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Definition
| is a major initiative throughout most facets of industry. If a product becomes defective or if service promises are not kept, little if any value can be added by the logistics process. |
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Term
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Definition
| support involving after the product is sold. |
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Term
| Cradle-to-cradle logistics |
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Definition
| products are designed and manufactured from sustainable, and if possible fully combustible materials which can be returned to the technical and biological hemispheres after the product has reached its end of life. |
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Term
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Definition
| means that the flow of products typically proceeds through a common arrangement of firms and facilities as it moves from origin to final destination |
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Term
| Integrated Service Provider |
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Definition
| is similar to consolidation for transportation purposes discussed in the previous section of this chapter. However, as a form of flexible logistics, specialists are used to avoid storage and handling of slow-moving products through the mainstream of the echeloned logistics structure. Such service providers can also provide important value-added services. For example, Smurfit-Stone builds in-store point-of-sale displays for direct store delivery. |
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Term
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Definition
| represents the elements of work necessary to complete the logis- tics related to customer accommodation, manufacturing, or procurement. |
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Definition
| exists to protect against variance in demand or operational lead time. |
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Definition
| To the extent that operational requirements are satisfied, the combined logistical performance cycle structure of the supply chain is |
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Definition
| is a measure of resource expenditure necessary to achieve such logistical effectiveness. |
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