Demurrage - Study guides, Class notes & Summaries

cross-docking - The concept of packing products on the incoming shipments so they can easily sorted at intermediate warehouses or for outgoing shipments based on final destination. The items are carried from the incoming vehicle docking point to the outgoing vehicle docking point without being stored in inventory at the warehouse. distribution center (DC) - Typically a finished goods warehouse designed for demand-driven rapid distribution to retailers (retail distribution centers), wholesaler...

CPIM Part 1 Final exam vocabular Questions and Answers 100% Correct

NY Independent General Adjuster Exam Test Questions and Answers 2023 (Already Graded A) The Superintendent of Insurance may approve the employment, appointment or participation of any person whose license has been revoked. Karen Jones had her license revoked and filed an application for relicensing and has waited over 120 days without a response from the Insurance Department. What should or can she do? Assume the relicensing is approved. Mr. Vickers was in a hurry to catch a plane. He parks ...

Logistics Management The discipline responsible for the movement, routing, distribution, transportation, and coordination activities that apply to goods delivery and/or service performance. Mode The type of average that indicates the most frequent instance of a number or happening. The number in a distribution that occurs most frequently. Carload The minimum weight, as defined by law, of a shipment entitled to a reduced freight rate. The shipment amount that fills a freight car ...

cross-docking - The concept of packing products on the incoming shipments so they can easily sorted at intermediate warehouses or for outgoing shipments based on final destination. The items are carried from the incoming vehicle docking point to the outgoing vehicle docking point without being stored in inventory at the warehouse. distribution center (DC) - Typically a finished goods warehouse designed for demand-driven rapid distribution to retailers (retail distribution centers), wholesaler...

C. Start a file that documents the conflicts - answer-If considering contract termination, the agency should first: A. Take punitive action against the contractor. B. Stop accepting delivered products or services offered by the contractor. C. Start a file that documents the conflicts. D. Notify the authorities. - answer-Some agencies provide monetary assistance to qualified citizens by the use of smart cards. What is a smart card and how does it work? - answer-Which is a true state...

The Materials Manager for the Utility department has to keep parts and materials in stock to maintain all 42 pump stations as well as all the infrastructure to keep the town citizens supplied with clean, pure, well water. This service has to be provided 24/7, and all essential maintenance, repair parts, and pumps must be readily available. These deep well pumps cost tens of thousands of dollars, but if they are maintained correctly, they can last over 10 years. What should be done with a de...

ABC classification - Answer Process of classifying items in descending order based on annual dollar volume or some other criteria. The list is then split into 3 classes - A, B, and C. A represents 10-20% of items but 50-70% of dollar volume; B represents 20% of items and 20% of dollar volume; C represents 60-70% of items but 10-30% of dollar volume. This principle states that effort and money can be saved by applying looser controls to the low dollar volume items (C class) than the higher dollar...

Maritime Shipping Terms Test Bank Questions with Verified Answers Graded A+ ADCOMM - Answers Address Commission. Address Commission - Answers A fee paid by the owner to the charterer or the charterer's designee. It may be a rebate on the freight for hire or a discount for frequent business or for not using an agent. API Gravity - Answers A measure, from the American Petroleum Institute, of the relative density of petroleum liquids. A liquid with an API gravity greater than 10 floats on wat...

Maritime Shipping Terminology Test Bank Solution Manual (Rated 100%) agent/agency - Answers an organisation working on behalf of a principle. Company whom represents/acts on behalf of another entity arrival notice - Answers ANF/AN - advice that the carrier or forwarder sends to the consignee advising of goods coming forward for delivery BAF - Answers Bunker Adjustment Factor - an adjustment to shipping companies' freight rates to take into account fluctuations in the cost of fuel oil (bunk...