logistics.docx - 1 carrier company that transports or...

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1.carrier: company that transports or conveys goods2.freight forwarder: person or business that arrange documentation and travel facilitiesfor company dispatching goods to customers3.supplier (vendor): company which supplies parts or services to another company4.transhipment: loading goods from one means of carriage onto another5.warehousing: receiving and storing goods6.economy of scale: reducing costs per unit by increasing production7.factory gate pricing: transport costs are not included in the purchase price of aproduct8.supply chain: the close co-operation of all parties involved in the making, selling, anddelivering of a product9.tender: an offer for goods or services that follows a request for a quotation made byan official body10.customer order cycle time: the time customers are prepared to wait for the delivery ofthe order11.JIT – just in time : a concept of reducing inventories by coordinating the delivery ofmaterials just before they are needed12.outsourcing : contracting functions out to third-party providers13.comprehensive: including a wide range of services14.consolidation: the grouping of small shipments into one container15.requirements: details of what is expected and needed16.demand: the need for particular goods or services17.competition: companies trying to sell the same or similar products to customers18.

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