Word List: logistics
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backorder
- noun - when a retailer orders something that’s currently out of stock. The client trusts the company long enough to wait for the order to be shipped at a later date. Jack has finally dealt with all the pending backorders for our customers, and our invent
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blanket purchase order
- noun - A type of purchase order where a client receives regular, ongoing deliveries for large quantities of goods, thereby taking advantage of discount pricing. Jane uses a blanket purchase order.
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bilateral contract
- noun - Arrangement between two parties, where you promise to do something in exchange for something in return. Both of you are bound to keep your ends of the bargain. UMOWA DWUSTRONNA
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consignor
- The person (or firm) that sells or ships the goods to the recipient, or “consignee.” As per the transportation document, Aditya is the consignor and you must make the necessary payments to him when he delivers the goods.
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freight
- noun-this refers to the goods that are carried in bulk by land, sea or air. It can also mean the fees paid for the transportation of these goods. Joe worked for a few months as a truck driver carrying freight across the highway from one city to another
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inventory
- noun - all the goods or a list of all the goods that are held by a business to be sold. Keeping the company’s inventory up-to-date is very important so that it’s easy to see if any goods have gone missing or been stolen.
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Logistic Service Provider (LSP)
- noun - third parties that provide companies and clients with logistics services. We advised Michael to research an LSP’s credentials and track record, before approaching one to distribute his goods and take care of the transportation for his business.
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pareto
- noun - This refers to the 80/20 rule that 80% of profits come from 20% of your work/effort. In order to improve productivity, you identify the “20%” areas and capitalize on those.
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pooling
- noun - multiple shipments from different carriers are combined in one truckload to reduce shipping charges. Pooling your delivery goods is an efficient way to make the most of your company budget and is also more environmentally friendly.
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In this set you are going to learn and practise the words and phrases connected with the logistics industry