Logistics Terminology

What is ASN?

• Arranged Shopping Note

• Advanced Shipment Notice

• Adjustable Spam Note

Bilateral contract

• Providing a service to another company and getting paid for it

• Having a contract between two companies doing nothing

• Having a contract between three companies

Who is consignor?

• Person or firm that recieves goods

• A producer

• Person or firm who sells goods for recipient

What is outbound logistics?

• Goods from supplier to vendor

• Goods from a producer to manufacturer

• Goods from a company to customers

What is inbound logistics?

• Materials from producer to manufacturer

• Goods from manufacturer to supplier

• Goods from client to wholesaler

What is lading?

• loading goods onto a vechile

• delivering goods to the client

• making goods

This is the process of assembling the goods before they are shipped off to the customer

• order processing

• shipping

• order picking

It means that an owner is responsible for insuring an order against any loss or damage

• supplier’s risk

• owner’s risk

• manufacturer’s risk

Which principle says that 80% of profits come from 20% of your work

• Owner’s principle

• Parents’ principle

• Pareto principle

Which term refers to multiple shipments from different carriers that are combined in one truckload to reduce shipping charges?

• Pooling

• Lading

• Transportation