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3. Match the words given below with their definitions:

management, freight, demand, inventory, cost, consumption, customer, warehouse

1.

willingness and ability to purchase goods and services

2.

the price paid or required for acquiring, producing, or maintaining smth, usually measured in money, time, or energy

3.

a person who buys

4.

the skilful or resourceful use of materials, time, etc.

5.

expenditure on goods and services for final personal use

6.

a place where goods are stored prior to their use, distribution, or sale

7.

the amount or value of a firm’s current assets that consist of raw materials, work in progress, and finished goods; stock

8.

goods for transport

4. Using a dictionary if necessary, explain the difference between the following items:

a client and a customer

management and administration

goods and inventory

to stock and to sell

demand and permission

a schedule and a diagram

a warehouse and depot ['depəu]

5. Complete the sentences, using the correct word or phrase from those you have seen above. To help you, the first letter of each word is given. Translate the sentences.

1.

L… – the science of planning, organizing and managing activities that provide goods or services.

2.

Many of our c… have asked us to implement our recommendations using our experienced project m… team.

3.

His work focuses on transportation negotiations and procurement, value analysis, f… and audit management for all modes of domestic or international transport.

4.

Lower production c…, ready access to labor, and eager markets, especially in Mexico, China, Eastern Europe and India have fueled a move for the USA to near-shore and off-shore manufacturing.

5.

To remain competitive, today’s “virtual manufactures” must deliver ever higher service levels and lower costs for demanding c… .

6.

Working at all levels from the strategic to the day to day logisticians help clients find new ways of managing the flow of m… through their procurement and d… networks, warehousing and transport operations.

7.

Logistics is the integration of the different aspects of a business to ensure smoother f… .

6. Study the following definitions. Be sure you remember all of them. Then ask your partner to name the definitions to check how many of them you can recognize.

1.

Logistics is the art and science of obtaining and distributing materials and product in the proper place and in proper quantities.

2.

Materials management. A term is often used interchangeably with logistics.

– The grouping of management functions supporting the complete cycle of material flow, from the purchase and internal control of production materials to the planning and control of work-in-process to the warehousing, shipping and distribution of the finished product.

3.

To logist – to perform logistics functions or processes, the act of planning, organizing and managing activities that provide goods or services. (Eg. She logisted the last operation. I will logist the next operation. I am logisting the current operation. We logist the operations. The operations are well logisted.)

4.

Logistic – of or pertaining to logistics.

5.

Logistical – of or pertaining to logistics, logistics-like.

6.

Logistics Functions – planning, procurement, transportation, supply and maintenance.

7.

Logistics Processes – requirements determination, acquisition, distribution, and conservation.

8.

Cradle-to-Grave logistics – logistics planning, design, and support which takes into account logistics support throughout the entire system or product life cycle.

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