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Home » Tools » Glossary » Logistics

Terms Definition
Acquisition Logistics All processes involved in obtaining logistics support equipment and personnel for a new system.
ASN Advance Shipping Notice
Cradle-to-Grave Logistics planning, design, and support which takes in to account logistics support throughout the entire system life cycle. 
Distribution Logistics  Set of archives with the goal of making available the desired items and quantities of finished goods to the customer and/or end consumer at the desired time (information contained in the DRP) at the best pricing terms. This process involves the definition of a distribution policy (inventory management method for finished goods, delivered cycle time, management of inbound transport, subcontracting to Logistics service providers.
Fourth Party Logistics (4PL)   
LIFO Last In, First Out
Return Logistics   
Reverse Logistics Handling process for returned merchandise. Merchandise requiring repairs are returned by the the consumer and recycled or eliminated by the company at the end of their life.
RFID Radio Frequency Identification
Suppy Chain Management (SCM) Approach to managing and synchronizing all the processes enabling one or more customer / supplier systems to take into account and respond to expectations of the end customers (from the supplier of the supplier to the customer of the customer). This approach is designed to increase the value created for the customer and improve the economic performance of the participating companies. It covers all the collaborative inter-corporate processes: Logistics management, CPFR, Trade-Marketing, Co-Managed Inventory, etc.
Third Party Logistics (3PL)