What are they? Shipping Documents encompass a diverse set of paperwork and records that accompany goods during the transportation process, providing a comprehensive trail of information from the point of origin to the final destination. These documents facilitate and regulate the movement of goods across borders, ensuring compliance with regulations and serving as crucial proof…
What is it? A Packing List stands as a meticulously detailed document outlining the granular specifics of a shipment’s contents. It itemizes each product or item being transported, encompassing quantities, dimensions, weights, packaging information, and any essential handling instructions. This document serves as a fundamental component of the shipping process, providing a comprehensive snapshot of…
Inventory Reduction: One of the key benefits of cross-docking is its potential to reduce the need for extensive warehouse storage. By bypassing or minimizing storage in favor of quick transfers, it lowers carrying costs and mitigates the risks associated with overstocking or holding obsolete inventory. Supply Chain Optimization: In an era marked by rapid shifts…
What is it? A chassis, in the context of transportation and logistics, refers to the framework or structural undercarriage of a vehicle, typically excluding the body and cabin. It serves as the foundation to which various components, such as the engine, transmission, wheels, and cargo containers, are attached. How it helps? Structural Integrity: The chassis…
What is it? Estimated Time of Departure (ETD) is a fundamental term in logistics and transportation, representing the anticipated moment when a shipment or vehicle is scheduled to initiate its journey from a specific origin point, such as a warehouse, manufacturing facility, or distribution center. How it helps? Strategic Planning: ETD facilitates strategic planning within…
Definition: DDU, or Delivered Duty Unpaid, is an international trade term that outlines the responsibilities, costs, and risks associated with the delivery of goods from the seller to the buyer. As part of the Incoterms (International Commercial Terms), DDU specifies that the seller is responsible for delivering the goods to a named destination in the…
What is it? Last Mile Delivery refers to the final stage of the supply chain, where goods are transported from a distribution hub or fulfillment center to the end destination, often a residential or business address. This crucial phase represents the last leg of the logistics journey, completing the process of getting products into the…
Definition: CFR, or Cost and Freight, is a widely used international trade term that defines the responsibilities, costs, and risks associated with the shipment and delivery of goods. CFR is part of the Incoterms (International Commercial Terms) and indicates that the seller is responsible for both the cost of goods and the freight charges to…
What is Real-Time Visibility? Real-time visibility (RTV) is the ability to track and monitor the location and status of goods as they move through the supply chain. It provides businesses with a complete view of their inventory, from the raw material stage to the final customer. RTV is becoming increasingly important in today’s globalized economy,…
Definition: Ex Works (EXW) is an international trade term that defines the responsibilities, costs, and risks associated with the delivery of goods from the seller to the buyer. Under EXW terms, the seller’s primary obligation is to make the goods available for pickup at their premises or another named place (such as a factory or…