Glossary

Part of a just-in-time production system that helps manage the flow of inventory and materials by tracking what is being sent where and when it is being sent.

A business network made up of different companies, including manufacturers, supply chain partners, distributors, and occasionally financiers.

A set of quantifiable measures that a company uses to gauge its performance over time. Examples include On Time Pick-Up and On Time Delivery Performance.

The process of assembling components or parts into defined units, often done to reduce the need to maintain an inventory of pre-build, completed products.

See Local Area Network (LAN).

A ship that is designed to transport barges, with a large deck crane that can load and unload the barges through the stern section, which projects over the water.

See Less than Container Load (LCL) and Less-Than-Carload (LCL).

See Logistics Data Interchange (LDI).

See Last In First Out (LIFO).

See Lead Logistics Provider (LLP).

Vessel that transports Liquified Natural Gas (LNG).

See Lift on, Lift off (LO/LO).

See Letter of Credit (LOC).

See Less-Than-Truckload (LTL).

A cargo shipment larger than parcel and smaller than truckload. See Less-Than-Truckload (LTL).

Loaded with cargo, especially aboard a vessel.

The cargo carried in a transportation vehicle or vessel. Also, the act of loading cargo. Used most often in maritime contexts.

The total of the combined product and transportation costs, useful in comparing the total cost of a product shipped from different supply sources.

In logistics, the movement of containers by ship-rail-ship on a route. Example: Ship from Asia to the U.S. Pacific Coast, rail to an East Coast port, ship to Europe.

Grants of land given to railroads to build tracks during their development stage, primarily between 1850 and 1872.

The price of the product plus relevant logistics costs, such as transportation, warehousing, handling, etc.

Covered barges that logistics carriers load on board oceangoing ships for movement overseas; designed to be securely lashed, or tied down, to the deck of the ship.

In accounting, counts the inventory most recently produced or acquired as sold first. The most recent products purchased (or produced) are the first to be expensed.

The service for the final leg of a shipment. Usually applied to deliveries made to homes and sometimes includes set-up type services for the product delivered.

Indicates the date and time stamp that is recorded when a field or record was last modified by the user. Provides the most recent update of information.