465335
| Question | Answer |
| Logistics | Art and Science of obtaining, producing, and distributing material and product in the proper place and proper quantities |
| Int'l Logistics | All functions concerned with the movement of materials and finished on a global scale. |
| Third-party Logistics Company | A company that manages all or part of another company's product delivery operations. (FedEx, UPS, DHL) |
| Transportation Modes | Highway (truck) Water (ship) Air Rail Pipelines Hand Delivery |
| Cross Docking | An approach used in consolidation warehouses where rather than making larger shipments, the shipments are broken down into smaller shipments for local delivery in an area. |
| Hub and Spoke Systems | Systems that combine the idea of consolidation and of cross-docking. |
| Factor Rating Systems | An approach for selecting a facility location by combining a diverse set of factors. Point scales are developed for each criterion. |
| Transportation Method | A special linear programming method that useful for solving problems involving transporting products from several sources to several destinations. |
| Centroid Model | A technique for locating single facilities that considers the existing facilities, distances between them, and the volume of goods to be shipped |
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