KEYWORDS AND GLOSSARY
Square metres (sq m)
The conversion factor used, where appropriate, is 1 square metre = 10.7639 square feet.
Hectares (Ha)
The conversion factor used, where appropriate, is 1 hectare = 2.471 acres.
Warehousing
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.
3PL
Third-Party Logistics is a warehouse or group of warehouses managed on behalf of the owner of the stock.
4PL
Fourth Party Logistics is a single interface between the client and multiple logistics service providers.
Active Stock
Stock at the active pick locations and ready for order fulfilment.
Aisle
Any passageway within a particular storage area.
ATA
Actual Time of Arrival.
ATD
Actual Time of Departure.
Cargo
Merchandise to be carried by any form of transportation.
Compliance
All products, services, processes and documentation complying with specific requirements.
Built-to-suit warehouse
It is a warehouse space which is specific and customized according to the client’s requirements.