LogWin-P LogWIN-P is a process preference model that enables visualization of the entire value chain within a company (order flow from procurement to distribution, including planning and research and development). Short Description This model offers valuable settings to aid in the modeling of company-specific processes. Once the workflows are documented, they can be checked for weaknesses. […]
Supply Logistics Supply logistics describes the logistical activities necessary to prepare and execute the flow of goods from the supplier to the company. RELATED CONCEPTS Procurement Supply conditions
Transportation Logistics Under the term transportation logistics, we understand all necessary work methods and informational, as well as administrative methods (personnel management, transportation, fleet management), dispatching (transportation strategy, transportation control), and operational aspects (transportation technology, data transmission technology). RELATED TERMS * Transportation Exchange * Transportation Intensity * Transportation Chain * Cargo Securing * Transit * Surface Transport
Contract Logistics Contract logistics is defined as the outsourcing of a company's logistics activities to another specialized logistics service provider. This outsourcing is governed by long-term service agreements and allows the company to focus on its core business. Brief Description Contract logistics generally describes a model in which a manufacturer or product distributor enters into a cooperation agreement for [...]
Industry logistics refers to the sum of all specific logistical solutions for various industries and economic sectors. Each industry differs in its logistical requirements and characteristics, therefore it is necessary to appropriately tailor the logistical spectrum of capabilities to the corresponding requirements. This is usually done by analyzing various economic sectors to identify individual [...]
Logistics Logistics means that the „right” goods, in the „right” quantity, of the „right” quality, at the „right” time, in the „right” place, with the „right” and optimal costs, will be made available. The term „integrated material management” is often used. Short description The concept of logistics is based on two word components. On the one hand, from the Greek „logos” or „logicos” (to count, sensible) and from [...]
LOFO – Lowest In First Out In the LOFO (lowest in/first out) procedure, it is assumed that goods with the lowest value are the first to be taken and used. This leaves goods with the highest value in the warehouse. RELATED CONCEPTS HIFO – Highest in First Out LIFO – Last in First Out FIFO – First in […]
Local Sourcing With local sourcing, there is a conscious effort to find supply points in the geographic vicinity of the company. Brief Description In contrast to global sourcing, local sourcing, or domestic sourcing, involves obtaining products and services from the company's local market. The advantages of such a procurement strategy lie in improved transparency [...]
Cargo List A cargo list is a part of transportation documentation in transport. It presents a list of all goods transported by a single means of transport. In air and sea transport, such a list is called a manifest. RELATED CONCEPTS Transport documents
Consignment note Under the term consignment note, we understand a transport document that accompanies the goods during transport and contains all information about them. Short description The consignment note is most often a document that accompanies goods during transport to specify them in detail. Thus, it shows both the sender and the recipient information on the number of pieces, weight, description of the goods, as well as [...]