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Transforming logistics with technology personalization of our services, and increasing effectiveness data
Glossary
| Word | Description |
|---|---|
| Supply Chain | The entire network of entities and activities involved in designing, producing, delivering, and servicing products, from suppliers to customers. |
| Inventory | The stock of items or raw materials a company holds for production or distribution. |
| Warehousing | The process of storing goods in a warehouse or distribution center until they are needed for production or shipment. |
| Distribution | The process of delivering finished products to customers or retailers. |
| Transportation | The movement of goods from one location to another, often involving modes such as trucks, ships, planes, and trains. |
| Freight | Goods that are transported by various means, typically referring to large quantities or commercial shipments. |
| Logistics Management | The planning, implementation, and control of the flow of goods, services, and information within a supply chain. |
| Supply Chain Management (SCM) | The strategic management of the flow of goods, information, and finances across the supply chain. |
| Just-In-Time (JIT) | A production and inventory management approach where goods are produced or delivered exactly when needed to minimize inventory costs. |
| Demand Forecasting | The process of predicting future customer demand for a product or service. |
| Procurement | The process of acquiring goods or services from suppliers, including sourcing, purchasing, and negotiation. |
| Cross-Docking | The practice of overseeing and controlling the levels of inventory within a company. |
| Inventory Management | A logistics practice where products are received at a warehouse and immediately shipped out to customers without being stored. |
| Third-Party Logistics (3PL) | Outsourcing logistics and supply chain management to third-party companies specializing in these services. |
| Reverse Logistics | The process of handling returned or defective products and managing the reverse flow of goods. |
| Transportation Management System (TMS) | Software solutions that assist in planning, optimizing, and executing transportation operations. |
| Warehouse Management System (WMS) | Software used to manage and optimize warehouse processes and operations. |
| Last Mile Delivery | The final stage of the delivery process, getting products from a distribution center to the end customer. |
| Cold Chain Logistics | The specialized handling and transportation of temperature-sensitive products, such as perishable foods and pharmaceuticals. |
Creating a geographically curated digital website experience for shippers and transporters that enables them to efficiently post requirements, get quotes, and register within the corporate ecosystem.
