PRODUCT MOVEMENT - the basic value provided by transportation is to move inventory to specified

destinations throughout the supply chain.

IN-TRANSIT INVENTORY - Inventory captive in the transport system.

PRODUCT STORAGE - when a product is in a transportation cycle, it is being stored.

DIVERSION- occurs when the original shipment destination is changed after a product has been shipped.

SHIPPER AND COSIGNEE - have common interest completing a sale or purchase transactions.

CARRIER AND AGENT - is a business that performs a transportation service.

GOVERNMENT - has a vested interest in transportation because of the critical importance of reliable
service to economic and social well-being.

INTERNET - advantage of Internet-based communication is the ability of carriers to share real-time

information with customers and suppliers.

PUBLIC - concerned with transportation accessibility, expense, and effectiveness as well as

environmental protection, security and safety.

MODE - identifies a basic transportation method or form.

RAIL - once ranked first among all modes in terms of the number of miles in service. The capability to
efficiency transport large tonnage over long distances is the main reason railroads continue to handle
significant intercity tonnage.

TRUCK - have flexibility because they are able to to operate on a variety of roadways.

WATER - oldest mode of transport.

QUESTIONS

1.) It is an inventory captive in the transport system

a.) Transit Inventory

b.) Product Storage

c.) On-Transit Invetory

d.) In-Transit Inventory

e.) Shipper

ANS: D
2.) It is the basic value provided by transportation that move inventory to specified destinations
throughout the supply chain

a.) In-Transit Inventory

b.) Product Storage

c.) Product Movement

d.) Mode

e.) Carrier and Agents

ANS: C

3.) It identifies a basic transportation method or form

a.) Mode

b.) Product Movement

c.) Rail

d.) Truck

e.) Water

ANS: A

4.) It is the oldest way of transport

a.) Diversion

b.) Rail

c.) Water

d.) Truck

e.) Public

ANS: C

5.) It occurs when the original shipment destination is changed after a product has been shipped.

a.) Diversion

b.) Product Storage

c.) Rail

d.) Water

e.) In-Transit Inventory

ANS: A