Logistics "Buzzword" Quiz
Match the following terms:
| 1 ERP | A. Son of "Disintermediation"; putting back the "middle"... i.e. online travel agents vs. humans |
| 2 Re-mediation | B. Shipment from the supplier to the buyer bypassing Distribution Centers |
| 3 "Demand Chain" | C. Cousin to "intranet" and "internet". An external network that ties together trading partners |
| 4 CPIM | D. An "enterprise" computing system that is SAP’s most notable competitor |
| 5 Extranet | E. Loss of goods due to scrap, deterioration, theft, damage |
| 6 Inventory Shrinkage | F. Enterprise resource planning. Company wide system for planning, making, shipping, orders |
| 7 Baan | G. An emerging buzzword that supposedly goes beyond the "supply chain" |
| 8 Direct Delivery | H. An APICS certification in Production and Inventory Mgmt. Any third party logistics company who is serious about hiring professionals should look for this credential |
| Answers:
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Transportation Development Group
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