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Glossary
of Terms for Third Party Logistics,
Supply Chain Management
& Fulfillment Operations
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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.
L
lead
time
Amount of time required for an item to be available for use
from the time it is ordered. Lead time should include purchase
order processing time, vendor processing time, in transit
time, customs clearance time (if applicable) receiving, inspection,
and any pre-packaging times.
LTL
see less than truck load
less than truck load
(LTL) A shipment that is less than a standard full trailer
load. Certain freight carriers specialize in LTL shipments,
which require more logistics management than full truckloads,
since many pickups and deliveries must be scheduled for the
same truck.
linear bar code
see 1D bar code
location
where inventory is physically stored or staged in a warehouse.
It is also the identification number in the database corresponding
to the location or “slot.”
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