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A shipping market cycle or shipping cycle is a particular type of economic cycle.These cycles correct markets when supply and demand are out of balance. Shipping markets are driven by freight rates, which can move up, move down or remain unchanged.
A warehouse in South Jersey, a U.S. East Coast epicenter for logistics and warehouse construction outside Philadelphia, where trucks deliver slabs of granite [1]. Logistics is the part of supply chain management that deals with the efficient forward and reverse flow of goods, services, and related information from the point of origin to the point of consumption according to the needs of customers.
Freight transport, also referred to as freight forwarding, is the physical process of transporting commodities and merchandise goods and cargo. [1] The term shipping originally referred to transport by sea but in American English , it has been extended to refer to transport by land or air (International English: "carriage") as well.
It is a process reference model for supply-chain management, extending "from the supplier's supplier to the customer's customer". [21] It includes delivery and order fulfillment performance, production flexibility, warranty and returns processing costs, inventory and asset turns, and other factors in evaluating the overall effective performance ...
Transport economics is a branch of economics founded in 1959 by American economist John R. Meyer that deals with the allocation of resources within the transport ...
In transportation, freight refers to goods conveyed by land, water or air, [1] while cargo refers specifically to freight when conveyed via water or air. [ 2 ] [ 3 ] In economics , freight refers to goods transported at a freight rate for commercial gain.
Supply management deals with the development and management of the critical business and supplier relationship. [7] Some companies will use supply chain management software to help manage the flow of products and information. [8] Notable companies that provide supply management services include Oracle, Epicor, Infor, NetSuite and IBM.
Transportation demand management or travel demand management (TDM) is the application of strategies and policies to increase the efficiency of transportation systems, that reduce travel demand, or to redistribute this demand in space or in time.