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Logistics vocab

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