The logistics world is full of special terms specific to the sector. Knowing these words is the key to understanding all warehouse processes. Discover our (small) Logistics Glossary in which 19 key terms are explained. From chartering to the FIFO method and rotating inventory, this Glossary will give you all the information you need to understand logistics better.

 

B

Barcode

A visual representation that can be scanned to collect data or information about a product.

 

C

Carrier

Company responsible for transporting goods from point A to point B.

 

Chartering

Means of transport hired to move goods. For example: lorry, train, boat, plane.

 

D

Delivery note

Document summarising the products shipped and accompanied by the delivery.

 

F

FIFO

Or First In, First Out: inventory management method where the first products in are the first to go out.

 

I

Inventory

Periods when goods are counted to determine the company's stock levels at a given time.

 

Inventory management

Techniques and tools used to manage the quantity of goods available in order to avoid stock-outs or overstocking.

 

L

Logistics flow

Movement of goods and information through the various stages of the logistics chain.

 

O

Order

Document indicating the name and quantity of products ordered by the customer.

 

Order preparation

Selection and packaging of customer order products for dispatch.

 

P

Packing

Products are grouped and protected in parcels for shipment. Action of "putting into a parcel".

 

Picking

Process of selecting and collecting products from the order to send for preparation.

 

Procurement

The process of planning, ordering and receiving goods.

 

R

Rotating inventory

A method where stocks are counted regularly and periodically.

 

S

Safety stock

Additional quantity of goods to be used in the event of unforeseen circumstances (high demand, delivery delays, etc.).

 

Supply Chain

The processes involved in moving and managing goods from supplier to customer.

 

Supply Chain Management (SCM)

Management software used to process and optimize all processes, flows of goods and information throughout the supply chain.

 

T

Traceability

Recording and tracking of batch/serial numbers as products move from production to delivery.

 

W

Warehouse Management System (WMS)

Management software used to optimise stock management and logistics operations (stock movements, inventories, etc.).

 

 

Optimize your supply chain with Satelix

Understanding these terms not only gives you a better understanding of logistics operations, but also enables you to take advantage of specific tools such as a WMS. With Satelix Logistics, you can control your flow of goods, optimize product traceability, make inventories more reliable and make work in the warehouse easier.

 

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