INTBUS 6 Lecture Notes - Lecture 25: Logistics, Material Handling, Reverse Logistics
22 Oct 2020
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Sustainability: performing activities in a manner that meet the needs of the present without compromising the ability of future generations to meet their needs. Direct truck shipment: a shipment made directly, with no additional stops, changing of trucks, or loading of additional cargo. Less than truckload (ltl) shipment: a smaller shipment, often combined with other loads to reduce costs and improve truck efficiencies. Multimodal solution: a transportation solution that seeks to exploit the strengths of multiple transportation modes through physical, information, and monetary flows that are as seamless as possible. Roadrailer: a specialized rail car the size of a standard truck trailer that can be quickly switched from rail to ground transportation by changing the wheels. Warehousing: any operation that stores, repackages, stages, sorts, or centralizes goods or materials. Organizations use warehousing to reduce transportation costs, improve operational flexibility, shorten customer lead times, and lower inventory costs.
