ABC-analysis

A universal applicable possibility for the classification of totals.

In logistics, the ABC-analysis is used for the classification of existing items on stock.

Items with the highest annual consumption are specified as A-items, the opposite ones are called C-items.

 

Inbound logistics

is used as a general term for all logistics services which have the main goal of supplying a company with goods from external sources.

 

B2B - Business to Business

Deliveries from business customers (companies) to other businesses

 

B2C - Business to Consumer

Deliveries from businesses to consumers

 

Crossdocking

is a service of distribution logistics which is aiming at tailor-made, demand based distribution of deliveries within a certain stock turnover.

 

Outbound logistics

deals with physical and administrative processes of the distribution of goods. Depending on the matching of the requirements of the delivery service, the goal is to get the right goods in a good quality and quantity at the right time to the right locations.

 

EAN

Abbreviation for European article numbers

 

FIFO

Abbreviation of First in First out. What is on stock first, should also be removed from stock first. (Expiry date)

 

Fulfillment – Order processing

The order processing is a sequence of actions which are necessary in to fulfill a customer’s order completely.

 

Inventory

It is differentiated between annual inventory counts and continuous inventory counts. At the annual inventory counts, the warehouse is closed and every item is counted.

At the continuous inventory, every item needs to be counted yearly.

 

Contract logistics

Long-term logistics services which are agreed upon via a detailed (duration, scope of services, process-based compensation for services rendered, etc.) contract.

In contract logistics, most of the services like transport, storage, stock turnover or possibly also easy packing services are being outsourced from external partners.

 

LIFO

Abbreviation for Last in first out

That is a stock removal principle which is mostly applied to block storages. What is being stored last, is more favorably removed from stock („white goods“).