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Logistics glossary
Here you find current terms and concepts in Supply Chain.
A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | X | Y | Z
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LabelA slip of e.g. paper or metal attached to an object toindicate the nature, ownership, destination, contentsand/or other particulars of the object.
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The costs associated with having employees.Labour costs |
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Landed costCost of product plus relevant logistics costs such as transportation, warehousing, handling. |
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Last In, First Out (LIFO)Accounting method of valuing inventory that assumes latest goods purchased are first goods used during accounting period.
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LeadtimeThe total time that elapses between an order’s placement and its receipt. It includes the time required for order transmittal, order processing, order preparation, and transit.
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LogisticsLogistics Management is that part of Supply Chain Management that plans, implements, and controls the efficient, effective forward and reverse flow and storage of goods, services and related information between the point of origin and the point of consumption in order to meet customers' requirements.
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LorryMotor truck used for the transport of goods.
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