Supply Chain Glossary & Logistics Terminology

A visual tool used to analyze and optimize the flow of materials and information in a process, identifying waste and areas for improvement in the supply chain.

Additional services provided by logistics companies to enhance the value of a product, such as packaging, assembly, or customization, improving customer satisfaction and efficiency.

The process of loading goods into a container or trailer for transportation, ensuring proper packing and securing to prevent damage during transit.

A collaborative inventory management approach where suppliers manage the inventory levels of their products at the customer’s location, optimizing stock and reducing costs.

A large watercraft used for transporting goods and cargo across bodies of water, including ships and boats, essential for international trade.

VR-based training solutions for supply chain operations and safety procedures.

The planning and organization of warehouse space and operations to maximize efficiency and streamline inventory management, facilitating effective storage and retrieval of goods.

Software that helps manage warehouse operations, including inventory tracking, order fulfillment, and logistics, enhancing efficiency and accuracy in distribution centers.

A document issued by a warehouse operator acknowledging the receipt of goods for storage, providing details on the quantity and condition of the items stored.

The process of storing goods in a dedicated facility, enabling businesses to manage inventory, meet customer demand, and streamline distribution.

A document that accompanies goods in transit, providing details such as the shipment's destination, contents, and terms of transportation for the carrier.

The specific weight at which shipping rates change, impacting cost calculations for freight transportation based on the weight of the shipment.

Strategies and practices to improve the management of accounts payable, accounts receivable, and inventory to maximize cash flow efficiency.

A logistics strategy where goods are transferred directly from inbound to outbound transport without being stored, minimizing handling time and improving efficiency.

A vehicle used in a distribution center or warehouse to move trailers or containers within the yard, ensuring efficient loading and unloading operations.

Software that oversees the movement of trailers and containers in a yard, optimizing operations and improving visibility of yard activities.

A pricing strategy that adjusts prices based on demand, optimizing revenue for transportation and logistics services by analyzing market conditions.

A strategy aimed at minimizing inventory levels to reduce holding costs, relying on just-in-time practices to meet customer demand without excess stock.

A logistics strategy that consolidates shipments and bypasses certain distribution centers or zones to reduce transit time and costs, enhancing delivery efficiency.