KEYWORDS AND GLOSSARY
Square metres (sq m)
The conversion factor used, where appropriate, is 1 square metre = 10.7639 square feet.
The conversion factor used, where appropriate, is 1 hectare = 2.471 acres.
It refers to the storage of goods in a facility for a specified period of time. Freight shippers usually store their goods at warehouses until they’re ready to ship.
Third-Party Logistics is a warehouse or group of warehouses managed on behalf of the owner of the stock.
Fourth Party Logistics is a single interface between the client and multiple logistics service providers.
Stock at the active pick locations and ready for order fulfilment.
Any passageway within a particular storage area.
Actual Time of Arrival.
Actual Time of Departure.
Merchandise to be carried by any form of transportation.
All products, services, processes and documentation complying with specific requirements.
It is a warehouse space which is specific and customized according to the client’s requirements.