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Bonnie has ordered her monthly supply of medicines through the mail for the past five years. Except for one order, all orders have arrived within two business days. Bonnie placed an order yesterday, and she expects to receive her order tomorrow. Bonnie is using
Logistics Technology Systems
Integrated software and hardware solutions designed to optimize the management of the flow of goods from origin to consumption.
FOB Point
A shipping term indicating the point at which the ownership and risk related to goods are transferred from seller to buyer, defined in terms of location.
Legal Title
A formal recognition of ownership of property or assets which includes the rights to use, sell, or control the said property or assets.
Containers On Flatcars (COFC)
A type of intermodal freight transport where shipping containers are carried on railroad flatcars for part of their journey.
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