Freight Exchange As a freight exchange (also cargo exchange), we understand an electronic platform connecting shippers and freight receivers. A brief description of the Cargo Space Exchange can be understood as a bulletin board of shippers and carriers on the one hand, and shippers on the other. The main purpose of these information and communication systems is to effectively exchange information between the parties involved and to improve [...]
Fulfillment By Fulfillment we mean all the activities that must be carried out for the proper execution of an order. Here we include such tasks as order receipt, production, warehousing, picking, packing, shipping, invoicing, but also processing of returns. Brief description The Fulfillment process is started as soon as the prior inquiry and quotation work is completed. Order development begins [...]
FTS - Fahrerlose Transportsysteme Driverless transport systems are automatically controlled, ground-supported transport vehicles that handle intra-company transportation without an attendant and moving by their own propulsion. Brief description In driverless transport systems, most functions such as propulsion, steering, power supply are integrated into the device. The advantage of such systems [...]
FTL - Full Truck Load The abbreviation FTL corresponds to Full Truck Load. Full Truck Load or Full Trailer Load, which means the entire load of a truck or semi-trailer, is an area in road transport that deals with part of a complete load. As FTL is understood full truck load, that is, the economic amount of transport. RELATED CONTRACTS LTL - Less Than Truck Load
Freight Prepaid The term “Freight Prepaid” describes the opposite of “Freight Collect”, i.e. a commitment to assume the cost of transportation by the shipper of the goods in question. A brief description of “Freight Prepaid” is a concept that we can most often encounter in sea and air transportation. It is in close relationship with the delivery clauses (Incoterms) and defines the shipper as paying for the freight. Which of the [...]
Freight Collect The term “Freight Collect” describes in transportation the obligation of the consignee to assume the transportation costs for the carriage of goods. Brief Description The expression “Freight Collect” is mainly used in air and water transportation, and establishes the consignee of the goods as that party who is to bear the costs for the main transportation run. The term is in close connection with [...]
Fourth Party Logistics Fourth Party Logistics (4PL) is a further development of 3PL and describes the distribution of logistics achievements through a 3PL-Provider to further logistics service providers. Brief description In a 4PL, a neutral intermediary takes over the tasks of organizing logistics between the principal and various logistics service providers to win for the customer an optimal, complete package along the supply chain and logistics. [...]
Andler's Formula/Andler's Formula Andler's Formula calculates the optimal order quantity based on an order model in which total costs are minimized. Brief description The optimal order quantity is the result of a temporal and quantitative reconciliation of: material requirements, procurement costs, storage costs, and aims to minimize total costs. It considers the purchasing behavior of the company within a certain range [...]
FMEA - Fault Possibility Impact Analysis FMEA as Fehler-Möglichkeits-Einfluss-Analyse (Fault Possibility Impact Analysis), is a method in the field of quality assurance for analyzing and evaluating errors and their effects. RELATED CONTRACTS QM - Quality Management Poka Yoke Potential Analysis Value Analysis Intralog products: https://www.intralog.pl/solutions-wg-optymalizacji/
Five-Forces-Model The Five-Forces model is an aid to long-term corporate strategy planning and is intended to provide management with information on the most important forces influencing its own enterprise. Brief Description Unlike a SWOT analysis, the Five-Forces model looks at the five strongest powers that affect an enterprise through the external environment. These parameters include: The level [...]