carrier – company that transports or conveys goods

freight forwarder – person or business that arranges documentation and travel

facilities for companies dispatching goods to customers
supplier - company which supplies partswsgwegeaGfegrgswg or services to
another company; also called vendor
haulage contractor/haulier - company which carries goods by road
courier - company that specializes in the speedy and secure delivery of small
goods and packages
consignee - person to whom goods have been shipped or turned over for care
transshipment - loading goods from one means of carriage onto another
break-bulk - packing goods in small, separable units
cross-docking - direct flow from warehouse to shipping, bypassing storage
order picking - picking up goods at a named place
reserve logistics - collecting and handling of used or damaged goods or reusable
equipment
tracking and tracing - locating items in transit
warehousing - receiving and storing goods
collection - selecting and assembling items from stock for shipment
Economies of scale - Reducing costs and increasing production
Buffer stock - Goods kept in store to cover unforeseen shortages in demand
Factory gate pricing - Transport cost are not include in the purchase price of a
product
Supply chain - The close co-operation of all parties involved in the making,
selling, and delivering of a product
Tender - An offer for goods or services that follows a request for a quotation made
by an official body
Lead time is the time - it takes to produce and supply a product
Procurement is - The purchasing of goods required to run an enterprise
A retailer is a business - That buy products from wholesalers and resells them to
the ultimate consumers
Customer order cycle time is the time - customers are prepared to wait for the
delivery of their order
A wholesaler is - An intermediary between manufactures and retailers which buys
in large quantities and resells in smaller quantities
JIT – just in time is a concept - of reducing inventories by co-ordinating the
delivery of materials just before they are needed
multimodal - Carriage of goods by at least two different modes of transport
piggyback - Combines road and rail transport
intermodal - Goods are transported in the same loading unit or vehicle using
different modes of transport
unaccompanied - The driver does not stay with his road vehicle during transport
by rail or ferry
block train - A single shipper uses a whole train which is run directly from the
loading point to the destination
single-wagon - Train is formed out of individual wagons or sets of wagons which
have different origins and different destinations
FCL – full container load
3PL – third party logistics
HGV – heavy goods vehicle
DC – distribution center
LCL – less than a container load
EDI – electronic data interchange
VAS – valued added service
RFID – radio frequency identification
ISO – International Organization of Standardization
GPS – global procurement services
DSD – Direct store delivery
CM – Category management
VMI – Vendor-managed inventory
CRP – Continuous replenishment
QR – Quick response
BIL – Bill of Lading
DLP – Documents against payment
TXW – ex works
CIF – cost, insurance, freight
ANB – air way bill
IMO – instant money order
BIE – bill of exchange
LC – letter of credit