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Local Area Network (LAN)
A collection of electronic devices, such as computers, connected together in the same physical location, such as an office building or manufacturing facility.
L
Localized Raw Material
A raw material not available widely and found only in certain locations.
L
Local Rate
A rate published between two points served by one carrier, includes the carrier’s base rate plus a fuel surcharge and accessorial charges.
L
Locational Determinant
The factors that determine where to locate a facility such as access to materials, access to markets, labor, transportation, storage, taxes, etc.
L
Logbook
In trucking, the daily record of the hours a driver spends on duty (driving, etc.) and off duty. Also, the official record book of a ship or an aircraft.
L
Logistics
The management of the supply chain. Includes purchasing, warehousing, manufacturing, and transportation (external and internal). See Logistics Management.
L
Logistics Channel
The network of supply chain businesses that provide storage, handling, transportation and related services that contribute to the efficient flow of goods.
L
Logistics Costs
Expenses associated with the acquisition, storage, movement, and disposition of goods.
L
Logistics Data Interchange (LDI)
A computerized system that electronically transmits logistics information, such as inventory levels, shipping schedules, customer orders, and status reports.
L
Logistic Service Providers
See 3PL and also 4PL.
L
Logistics Management as defined by the Council of Supply Chain Management Professionals (CSCMP)
The planning, implementing, and controlling the distribution of goods and services from start to finish in order to consistently meet customer requirements.
L
Logistics Service Provider
See 3PL and also 4PL.
L
LO/LO
See Lift on, Lift off (LO/LO).
L
Long Ton
2,240 pounds, or approximately 1,016.05 kilograms.
L
Lot Control
The tracking of materials in batches (e.g., by assigning unique batch numbers) to maintain visibility from the supplier through manufacturing to consumers.
L
Lot Size
The amount of items ordered for delivery or manufactured in a single production run.
L
LTL
See Less-Than-Truckload (LTL).
L
LTL shipment
A cargo shipment larger than parcel and smaller than truckload. See Less-Than-Truckload (LTL).
L
Lumping
The loading and/or unloading of the contents in a trailer. Involves physical labor and sometimes a "lumper" is hired for it. Common in the food industry.
L
Machine Downtimes
The times when a machine cannot be used, such as during breakdowns, scheduled maintenance, changeovers, etc.
M
Macro Environment
The conditions that exist in the economy as a whole, rather than in a particular sector or region and which influence a business but the business cannot control.
M
Maintenance, Repair, and Operating Supplies (MRO)
Items used in support of general operations and maintenance, such as machine parts, electrical parts, and consumables used in the manufacturing process.
M
Make-or-Buy Decision
Determining whether to produce an item internally or buy it from an outside supplier. Factors include costs, capacity, knowledge, quality, skills, volume, and timing.
M
Make to Order (Manufacture to Order)
A production strategy where the trigger to begin the manufacture of a product is an actual customer order or release rather than a market forecast.
M
Make to Stock (Manufacture to Stock)
A production strategy where finished product is maintained in plant or warehouse inventory to meet expected incoming orders or releases based on a forecast.