Purchasing Resources for Laptop Liquidators

Logistics Management Key Terms

Learn logistics management terminology to get a jump start on your career
By Shannon Tani Logistics management is an important aspect of many businesses. Those that are new to the business may find themselves getting information-overload from all of the new terms that they must learn. Large companies, for example, may choose to have an outside company take care of their freight management, while they maintain in-house inventory control. Intermodal transportation may save a company money and understanding the supply and demand chain can help business owners plan the production and shipping of the products.

Freight management

Freight management is the management of your shipped goods from door to door. It can involve the packaging of goods and grouping items going to similar locations together in order to save on shipping.
Try:  Freight Management specializes in freight management and describes some of the services they provide.

Cycle counting

Cycle counting is a system used to count inventory and correct any errors. However, rather than counting all of the items, you only count a certain percentage, similar to the way polls work. Cycle done is done on a more frequent basis than regular inventory audits.
Try:  Visit Strategos for an in-depth look at cycle counting.

Intermodal transportation

Intermodal transportation uses more than one method to transport your goods. For example, you may use ships, trains, airplanes or trucks. By doing this, you'll be able to get the best deal on shipping costs.
Try:  Learn about intermodal transportation from a report at Hofstra University.

Supply and demand chain

The supply and demand chain is the way that companies can get feedback and learn how many products to make and ship to retailers. Orders come in and then products are created and shipped to retailers. Depending on sales, production levels can be increased or decreased so that the company can remain profitable.
Try:  View the supply and demand chain wheel and Supply and Demand Chain Executive.

Customs and border patrol (CBP)

Customs and border patrol is a branch of the government that regulates importing and exporting. It's important for all goods that ship to meet the customs regulations for the country that you are shipping them to.
Try:  Visit the main U.S. Customs and Border Patrol website.

American Logistics Association

The American Logistics Association is a professional organization for those in the logistics industry. Membership offers a good opportunity to network with others and learn about new techniques.
Try:  Learn more about the American Logistics Association by visiting their website.

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