3PL
3PL or third party logistics means that a third party handles part of or the entire logistical chain without being owners of the goods. The 3PL deliverer is usually responsible for logistical functions such as storage, transport, simple product refinement, labelling and kit-pack.
4PL
4PL or fourth party logistics is an extension of third party logistics. The 4PL-actor handles and develops their customer’s entire logistical chain. Companies delivering such services exist on the market today.
B2B
B2B = “Business To Business” implies trade between one or several legal bodies. Supported by the Swedish Commercial Code
B2C
B2C = “Business To Consumer” implies trade between a legal body and private persons. Supported by the Swedish Consumer Purchase Act.
Cross docking
A distribution system in which merchandise received at the warehouse or distribution center is not put away, but instead is readied for shipment to retail stores. Cross docking requires close synchronization of all inbound and outbound shipment movements. By eliminating the put-away, storage and selection operations, it can significantly reduce distribution costs
Distance Trade
The term distance trade includes both mail order and e-commerce. The logistical solutions are often concentrated to a central warehouse covering all markets.
Distribution
To distribute something. The item distributed may be a parcel or a consignment or tasks.
EDI
EDI = Electronic Data Interchange, is a system using a common standard for transferring commercial information such as orders and invoices over a computer network.
e-commerce
e-commerce is the collective term for all types of system and safety functions that enable safe transfer of financial and transaction information over the internet.
Fourth Party Logistics
Fourth Party Logistics or 4PL is a further development of third party logistics. The 4PL actor maintains and develops its customers’ logistical chain. Regardless of what term used for this service there are several companies today that offer this type of logistical services.
Inventory
Inventory is carried out to adjust the balance of stock.
Logistics
Logistics is the knowledge of managing and controlling the flow of goods, energy, information and other resources. It often involves optimisation of efficiency in order to satisfy different parties in a sales process.
Logistics Report
A logistics report includes all types of manual or automated functions supporting a company’s maintenance of the flow of goods, money and information. The reports are based on information retrieved from the company’s logistics system.
Logistics System
A logistics system includes all types of manual or automated functions supporting a company’s maintenance of the flow of goods, money and information. These functions combined represent the logistics system of the company.
Product Refinement
Product refinement is a speciality, industrial construction and delivery of systems, often where self produced details are combined with external material; are after cared, assembled, packaged and delivered just in time.
Ledger
A ledger is an accountancy term. It can be interpreted as the number of specification accounts to the accounts Customer Claims and Supplier Debts respectively and is referred to as a Customer Ledger and a Supplier Ledger. There is one ledger per customer and supplier respectively where transactions (invoices and payments) are specified and summed up on the main accounts.
SCM
SCM = “Supply Chain Management” is a systematic and strategic coordination of the supply chain of an organisation on a long term basis. The purpose of SCM is to make the companies entire supply chain more efficient in the long term perspective and in this way increase profit.
Dispatch
Dispatch is the term for the activity of receiving, distributing or storing goods on another party’s behalf. Companies or persons who professionally dispatch goods are referred to as dispatchers.
supply chain management
Supply chain management är systemmässig och strategisk koordinering av en organisations försörjningskedja på lång sikt. Syftet med SCM är att långsiktigt effektivisera företagets hela försörjningskedja, och på så vis öka lönsamheten.
TPL
3PL or third party logistics means that a third party handles part of or the entire logistical chain without being owners of the goods. The 3PL deliverer is usually responsible for logistical functions such as storage, transport, simple product refinement, labelling and kit-pack.
Third party logistics
3PL or third party logistics means that a third party handles part of or the entire logistical chain without being owners of the goods. The 3PL deliverer is usually responsible for logistical functions such as storage, transport, simple product refinement, labelling and kit-pack.
warehousing
Warehousing is to offer storage space and stock keeping on behalf of companies or private people for a fee.
VMS
Virtual Memory System, the operating system of the very successful micro computers of the VAX-series from DEC DigitalEquipment.