FIFO – First In First Out The FIFO method corresponds to the English „first in / first out” and means that items that are first put into the warehouse are also the first to be taken out of the warehouse. This principle occurs automatically with warehouse 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 that goods with the earliest expiration date are stored at the front. 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 [...]
Data recording in a company includes the means and methods for electronically collecting and verifying data within a company, and it enables the course of events to be determined more transparently. Brief description: Data recording provides data from the production process for cost accounting, production control, and subsequent calculations. This data can include: machine operating hours, [...]
EUL – Efficient Unit Load The abbreviation EUL stands for Efficient Unit Load and describes a concept in the fields of packaging, warehousing, and transport, which concerns the optimization of logistical units. Short description The focus of this concept is on the surface and capacity optimization of logistical units, in such a way that a high [...]
ETD – Estimated/Expected Time of Departure The abbreviation ETD (estimated/expected time of departure) in transportation indicates the date on which a shipment leaves a previously specified seaport or airport. This information allows the freight forwarder receiving the shipment or the customer to ascertain the shipment's status. RELATED TERMS ETA – Estimated/Expected Time of Arrival
ETA (Estimated/Expected Time of Arrival) – The abbreviation ETA (estimated/expected time of arrival) describes the scheduled arrival of a shipment at a seaport or airport in the field of transportation. By providing the ETA and date, the customer is to be informed from when they can expect the shipment to arrive. RELATED CONCEPTS ETD (Estimated/Expected Time of Departure)
ERP – Enterprise Resource Planning. ERP (Enterprise Resource Planning) refers to comprehensive, economic software for enterprise planning and control. ERP systems offer a wide range of functions, built on classic planning, production, and management systems (PPS systems), which in turn originate from the MRP-II concept. ERP systems support the overall observation [...]
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 [...]