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      Logistics Glossary

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      There are currently 4 logistics in this directory beginning with the letter M.
      M
      Machine Downtimes

      Time during which a machine cannot be utilized. Machine downtimes may occur during breakdowns, maintenance, changeovers, etc.

      Macro Environment

      The environment external to a business, including technological, economic, natural, and regulatory forces that marketing efforts cannot control.

      Manifest

      A document which describes individual orders contained within a shipment.

      Marginal Cost

      The cost to produce one additional unit of output. The change in total variable cost resulting from a one-unit change in output.