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Logistics vocab
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inventory shipped to customer is called...
In-Transit Inventory
Inventory currently being processed is called
Work-In-Process (WIP)
inventory ready to ship or package is called..
Finished goods Inventory
the network of organizations involved in the process of designing, making, delivering, and supporting a product is called ...
a supply chain
What is a freight?
goods carried by a ship, airplane, or other vehicle
What is the definition of logistics
planning and coordination of the movement of goods
The accion of transporting goods is called
Shipping
What is an inventory
the stock of goods held by a business
What is an embargo?
a ban on trade with another country
obtaining or finding goods or services is called ...
a procurement
a shipment of goods is called...
A cosignment
What is a manifest?
a list of the cargo
What is a Tariff
a tax on goods


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