Plan, procure, execute, & track transportation for every shipment across your supply chain & logistics operations
A SaaS solution to help grow your business by achieving 100% perfect order execution at high volumes
Increase vehicle capacity utilization and customer promise adherence
Grow your business with omnichannel presence and automated pickups
Consolidate shipments for hub to hub movement across land and air
Real-time customer communications and collect accurate PODs
Orchestrate logistics operations with multiple 3rd party carriers
Achieve cost effective, scalable, sustainable, and customer centric deliveries
Orchestrate all your cross-border logistics operations with ease
Improve address accuracy, ensure first-attempt delivery success, reduce costs and boost customer experience
Gain end-to-end shipment visibility, get proactive alerts, and send customers live tracking links
Grow business in a dynamic world and manage operations across First, Middle & Last mile
Delight customers by seamlessly managing store and online orders across own fleet and 3rd party
Reduce freight costs & get end to end visibility across shipments
Technological advancements, new market entrants, changing customer expectations, and changing business models have brought a major transformation in the logistics and supply chain industry. Logistics has always been an integral part of a business, but these changes have made it necessary to pay an undivided attention to every process of the logistics management. And to do so, it is imperative (especially if you are not using 3PL services) that you should know about every term associated with the logistics and transportation management. To know the same, you don’t have to search for every term on the world wide web as we have mentioned them all here in this article.
BOL- Bill of lading
Bill of lading or BOL is a document, given by the carrier, which includes basic info about the shipment.
POD- Proof of delivery
POD, a receipt with the signature of the recipient, is collected when a rider hands over the order to the customer.
AWB- Air waybill
It is a transport document issued by a carrier or freight forwarder. AWB includes details about the goods that are being shipped.
ETA- Estimated time of arrival
It is the estimated time of arrival for an order to a particular location.
SKU- Stock Keeping Unit
SKU is a product identification code that is most commonly displayed as a barcode.
TL (Truckload) or FTL (Full truckload)
Truckload or full truckload is when a trailer is loaded, with shipments, to its complete capacity or weight.
LTL (Less than truckload)
A shipment of small weights that can be placed in a small space of the trailer. Rest of the space in the trailer can be used for other shipments.
INT- Intermodal
INT is including more than two different mediums of transportation.
3PL- Third-party logistics
3PL means outsourcing logistics services to perform procurement, transportation, order fulfillment, and other operations, to a third-party provider.
TMS- Transportation management system
It is a system that looks after inventories, order fulfillment, and transportation.
Carrier
Carrier is a commercial company that transports different types of shipments to and from customers, manufacturers, and suppliers. It can be transported via rail, road, sea, air, inland waterway, or by a combination of modes.
Shipping containers
A container designed for the transportation of intermodal freight.
Shipper
The one who ships the shipment; it doesn’t necessarily have to be the freight owner. It can also be named as consignor.
Consignee
The one who receives the shipment, i.e. for whom the shipment is meant for.
Consignment or shipment
The products or goods that are sent from one place to another.
Warehouse
A place used to store the inventories. Riders pick up orders from the warehouse and then move it to the next hub or customers’ place.
Logistics industry is laden with innumerable terms and the aforementioned are the most common ones. We will keep updating this article from time to time to make you updated with these terms. Hope the information was useful!
