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.