Term
|
Definition
| locations where product is stored and transported. Usually comes from the producer DCs to the retailer DCs who then deliver product to the customer |
|
|
Term
|
Definition
| Specifications that a downstream company provides an upstream company when it comes to shipping times, other requirements and details, |
|
|
Term
| Why I like supply chain and logistics more than engineering |
|
Definition
| Much of being an effective logistician seems to involve managing relationships. I believe I have the temperament and the characteristics |
|
|
Term
| Existing problems for supply chain managers |
|
Definition
-Road and transportation infrastructure
-Harbor congestion
-Capacity squeeze from driver shortages
-enhancing supply chain transparency
-Trying to balance the demands for low inventory levels, low financing costs, low holding costs, and the ability to create a cost-efficient, flexible supply chain |
|
|
Term
|
Definition
| Locating certain manufacturing and warehousing facilities closer to customers and central operations. |
|
|
Term
| 10 Risks that Worry Supply Chain and Risk Managers |
|
Definition
10. Theft, fraud, and corruption
9. Political risks, aka refugee crisis
8. Fires and explosions
7. Loss of reputation or value
6. Macroeconomic developments
5. Changes in legislation or regulation, aka trade treaties with countries
4. Natural catastrophes
3. Cyber incidents
2. Market developments, aka tech startups
1. Business interruptions |
|
|
Term
| Before you issue a Request For Proposal (RFP), evaluate the following: |
|
Definition
1. Your type of freight by mode of transport
2. lead time (the latency between the initiation and execution of a process.) with carriers
3. Territories and lanes being served
4. Frequency of volume in these lanes
5. Unique requirements such as pallet exchange or blanket wrap |
|
|
Term
|
Definition
| If you deliver 20 goods attached to 20 pallets, you want to make sure you receive 20 empty pallets from them so you don't have to deattach/reattach pallets. You negotiate fees under a pallet exchange agreement |
|
|
Term
|
Definition
| Term used to broadly describe the need to treat a good in a unique way; aka climate control, etc. |
|
|
Term
|
Definition
| document issued by a carrier which details shipment of merchandise and gives title of that shipment to a specified party |
|
|
Term
| Volume-incentive contracts |
|
Definition
| When consolidating volume of freight transport to a few high performance key carriers that you know and trust, you can negotiate volume-incentive contracts that help your rfp negotiations |
|
|
Term
| Requirements that need to be stated in your RFP |
|
Definition
for bidding, for timing, and for response
... also state performance expectations, insurance requirements, etc. |
|
|
Term
| Business processes and communication methods you need to outline |
|
Definition
| State whether you will use a software system or manual processes; how you will perform tendering, acceptance and timing; appointment scheduling; shipment status and the required event reporting and timing; and settlement (self billing or freight billing with match payment.) Self-billing is a recognized best practice, but requires a system to mediate. Using self-billing can result in lower rates because it removes the cost of preparing freight bills from the carriers. |
|
|
