This glossary compiles common terms utilised in the logistics sector, aiming to simplify the complexities of the logistics realm for you.
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 involves the strategic selection, negotiation, and continuous evaluation of the companies that transport goods for businesses.
A cold chain is a supply chain for perishable, temperature-sensitive items like fresh produce, meat, dairy, seafood, chemicals, pharmaceuticals, flowers, and wine.
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 in supply chain management involves moving goods from their final destination back to the manufacturer or distribution point for returns, recycling, refurbishment, or disposal.
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.
In logistics and supply chain management, the warehouse yard is the operational space for storing and transporting goods.
