Column A$-$ Terms or Ideas

Request for proposal

Transporting materials$-$Truck

Transporting materials $$ Pipeline

A place where foreign goods can be brought into the United States without being subject to normal customs requirements.

Bullwhip effect

Sourcing

Transporting materials $$ Train

Transporting materials $-$Hand deliver

Functional products

Transporting materials$-$Ship

Third$-$party Logistic Provider

Logistics

Evolving Supply chain

Total cost of ownership

Cost of Goods sold

Column B $$ Definitions or Important Aspects

A$.$ High capacity and low cost, but slow

B$.$ Free trade zone

C$.$ The estimate of costs related to procurement and disposal.

D$.$ Last step in many supply chains

E$.$ A process suitable for procuring products.

F$.$ The annual cost for producing the goods or services provided to customers.

G$.$ Items that meet the basics needs of people are known as staples

H$.$ Highly specialized and limited to liquids, gases, and solids in slurry form

I. Low cost but slow and variable

J$.$ Variability in demand magnified as we move away from the customer.

K$.$ Great flexibility

L$.$ Reverse logistics$,$ an outside company used to manage logistics functions.

M$.$ A process where the underlying technology changes quickly.

N$.$ A solicitation for a detailed proposal to supply an item

O$.$ The art and science of obtaining, producing, and distributing material.