May 2020 | News | Infographic

Logistics Lexicon for the Times (Part 2)

Tags: Logistics, Education, Supply Chain

BODFC

 

Buy-online-deliver-from-curb model used for e-commerce fulfillment to minimize contact between consumer and retail employee.

 

Demand distortion

 

Significant, short-term change in product demand due to drastically different consumer behavior.

 

Floating storage

 

Using containerships to store product while weathering demand disturbances.

 

 

Pivot

 

Quickly execute a sharp move away from normal manufacturing or logistics operations to address an immediate need for a product or service.

 

Ship from store or Direct from store

 

Using stores as mini-warehouses to fulfill e-commerce orders.

 

 

Redeploy

 

To transition workers into new shifts or duties in response to changing demand.

 

 

Hyperlocal logistics

 

Sharpened focus on residences as the final point of destination for distribution operations.

 

Buffer stock or Emergency inventory

 

Excess product in storage beyond what just-in-time strategies call for, to prepare for supply chain disruption.

 







Visit Our Sponsors