Term
| The 7 Rights of Logistics |
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Definition
Ensuring the availability of...
the right product
the right quantity
the right condition
the right place
the right time
the right consumer
the right cost |
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Term
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Definition
| Transportation, Warehousing, Materials Handling, Packaging, Order Processing, Forecasting/Production Planning, Purchasing, Customer Service, Logistics Analysis, Post Sales Services |
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Term
| Role of Transportation in Logistics |
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Definition
1) Provides Linkages
2)Improves Accessibility
3) Increases Logistics Systems Options |
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Term
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Definition
The physical movement of people and goods
Helps create time utility and place utility |
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Term
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Definition
| When the product is needed "at the right place" |
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Term
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Definition
| WHERE a product is needed "at the right place" |
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Term
| Transportation Stakeholders |
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Definition
| Users, Providers, Government |
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Term
| Environmental Significance of Transportation |
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Definition
Safety: accident rates
Resources Availability
POLLUTION: air and water, noise, climate levels. AIR POLLUTION is the worst environmental impact of transportation.
Congestion: traffic |
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Term
| Demand Concepts in Transportation |
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Definition
| Demand is NOT direct, demand is derived from the desire of movement, cost of transportation impacts demand. |
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Term
| Transportation provides... |
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Definition
| Bridging functions, social mobility, economic growth, global trade options. |
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Term
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Definition
(the # of tons) x (the # of miles)
One ton carried one mile. |
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Term
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Definition
| (# of passengers) x (# of miles) |
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Term
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Definition
the manufacturing cost plus the transportation.
Includes the cost of the product at the source plus the cost to transport the product. Demand only exists if landed costs do not exceed the costs of competition. Helps to determine the scope of the market. |
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Term
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Definition
| Transportation is a derived demand because the need for it stems from desires for consumers to go shopping, buy groceries, generate mobility, etc. Consumers demand goods to them, thus creating the demand for transportation. |
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Term
| Key Service Components in Freight Transportation |
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Definition
Transit time, Reliability, Accessibility, Capability, Security, Accuracy, Quality, Technical Strength, Customer Service, Cost
These impact inventory, sales, network design, customer satisfaction, warehousing and forecasting. |
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Term
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Definition
Business Markets: sensitive to SCHEDULING
Personal Markets: sensitive to PRICE; focus on vacation, etc. |
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Term
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Definition
1) Multiple Ridership: carpooling
2) Pedestrianize
3) Programming of traffic lights |
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