|
Glossary
of Terms for Third Party Logistics,
Supply Chain Management
& Fulfillment Operations
Many
of the terms used in the world of third-party logistics do not
appear in a standard dictionary, nor is there a dictionary of
fulfillment or warehouse management definitions. We offer this
glossary to help you better understand our business. If
you have a term you would like defined, or have a definition
that you would like to share with us, please send us an e-mail.
J
just-in-time
(JIT)
inventory management in which materials arrive "just
in time" for final preparation and shipment. JIT fulfillment
optimizes warehouse space, and reduces inventory holding costs,
but requires excellent supply chain management (SCM) skills,
to insure that all components necessary to ship the products
arrive in warehouse just in time for final kitting and shipment.
|
|
|