FIFO - First In First Out The FIFO method corresponds to the English “first in / first out” and means that those items that are first put into storage will also be the first to be taken out of the warehouse. This principle occurs automatically with storage racks. RELATED CONCEPTS HIFO - Highest In First Out LIFO - Last In First Out [...]
FIATA FIATA stands for the term Fédération Internationale des Associations de Transitaires et Assimiliés. This international federation of a worldwide organization of freight forwarders acts as a global representation of the interests of freight forwarders as well as logistics providers. RELATED TERMS IATA ICAO CEMT
FEFO - First Expired First Out With the FEFO (first expired / first out) method, the assumption is made that goods with the earliest expiration date are stored first. This system is primarily used in the food industry. RELATED CONCEPTS LOFO - Lowest In First Out FIFO - First In First Out LIFO - [...]
Feeder By Feeder we mean cargo ships that are used as suppliers, or distributors, of large ocean-going vessels or seaports. Brief description Feeder are used when large container ships are uneconomical, or the infrastructure framework conditions do not suit container ships. They serve as suppliers and distributors in smaller seaports because their loading and unloading [...]
Enterprise Data Recording Enterprise Data Recording contains means and methods for electronically collecting and checking data in an enterprise and enables the course of events to be established more transparently. Brief description Data records make data from the production process available for cost accounting, production control and subsequent calculations. This data can be: lengths of machine operation, [...]
EUL - Efficient Unit Load The acronym EUL stands for Efficient Unit Load and describes a concept from the fields of packaging, warehousing, transportation that is all about optimizing logistics units. Brief Description At the heart of this concept is the idea of surface and capacity optimization of logistics units, such that along the entire supply chain a high [...]
ETD - Estimated/Expected Time of Departure The abbreviation ETD (estimated/expected time of departure) gives the date on which the shipment leaves the previously specified seaport or airport in transport. With this information, the forwarder receiving the shipment or the customer learns the status of the shipment. RELATED CONTRACTS ETA - Estimated/Expected Time of Arrival
ETA - Estimated/Expected Time of Arrival The abbreviation ETA (estimated/expected time of arrival) describes in the field of transportation the scheduled arrival of a shipment at a seaport or airport. By providing the ETA information and the date, the customer is to be informed from when he can count on the arrival of the shipment. RELATED CONTRACTS ETD - Estimated/Expected Time of Departure
ERP - Enterprise Resource Planning By ERP (Enterprise Resource Planning) is meant far-reaching, cost-effective enterprise planning and control software. ERP systems offer a wide range of functions, and are built on the classic planning, production and management system (PPS systems), which again derives from the MRP-II concept. With ERP systems, holistic observation [...] is supported.
E-Procurement The term E-Procurement refers to the electronic essence of delivery and helps companies organize goods and services at the lowest overhead cost. In the most optimal case, the entire purchasing process from planning to creation to payment is automated. A brief description of E-Procurement is primarily conceived for Part C or MRO articles. In many enterprises, the course of action [...]