A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
Y
Z

Glossary

This glossary compiles common terms utilised in the logistics sector, aiming to simplify the complexities of the logistics realm for you.

C

  • Carrier

    In logistics, a carrier is a company or individual responsible for transporting goods or passengers within the supply chain, ensuring timely delivery and optimal efficiency. Carriers can operate across various modes of transportation, including road, rail, air, and sea.

  • Carrier Management

    Carrier management involves the strategic selection, negotiation, and continuous evaluation of the companies that transport goods for businesses.

  • Cold Chain Logistics

    A cold chain is a supply chain for perishable, temperature-sensitive items like fresh produce, meat, dairy, seafood, chemicals, pharmaceuticals, flowers, and wine.

D

  • Detention Fees

    Detention fees in logistics are charges for holding a carrier's equipment, like containers or trailers, beyond the allowed time for loading or unloading. These fees compensate the carrier and encourage timely handling of goods.

F

  • Fourth Party Logistics

    Fourth Party Logistics (4PL) involves outsourcing the entire supply chain management, including strategy, sourcing, planning, and execution, to an external provider.

I

  • Inbound Logistics

    Inbound logistics refers to the management and movement of goods, materials, products, and information from suppliers to warehouses or production facilities.

L

  • Less Than Truckload

    Less Than Truckload (LTL) is a shipping method where shipments from multiple customers are combined in one truck, optimizing space and reducing shipping costs.

O

  • Omnichannel Logistics

    Omnichannel logistics refers to a sophisticated approach to managing and executing order fulfillment across multiple sales channels.

R

  • Real-time Inventory Tracking

    Real-time inventory tracking continuously updates stock levels across sales channels and warehouses, providing an accurate, up-to-the-minute count as orders are placed and inventory is received.

  • Reverse Logistics

    Reverse logistics in supply chain management involves moving goods from their final destination back to the manufacturer or distribution point for returns, recycling, refurbishment, or disposal.

S

  • Shipper

    In logistics, a shipper is any individual or company that sends goods from one place to another. This term is broadly used to describe the party responsible for initiating the shipment of products, often the seller or manufacturer.

T

  • Third Party Logistics

    Third Party Logistics (3PL) outsources supply chain and logistics services like transportation, warehousing, inventory management, and order fulfillment to an external provider.

W

  • Warehouse Slotting

    Warehouse slotting is the strategic placement of inventory within a warehouse to enhance efficiency and optimize order picking. It involves organizing products based on demand, size, and picking frequency to improve processes, streamline operations, and reduce labor costs.

  • Warehouse Yard

    In logistics and supply chain management, the warehouse yard is the operational space for storing and transporting goods.