• Top 10 Emerging Trends in

    Supply Chain and Logistics Technology

    broken image
  •  by Darius Panah 




    Navigating the logistics industry often means deciphering a complex web of specialized terminology and acronyms, each essential for various domains like trucking, importing, and warehousing. To ensure you remain adept in this language, this guide comprehensively details critical logistics terms, aiding in the selection of appropriate software solutions and workflows to enhance your business operations and customer satisfaction.


    Here are key logistics terms, listed alphabetically for ease of reference:

    • 3PL (Third-Party Logistics): Essential for businesses outsourcing logistics services such as warehousing, distribution, and fulfillment.
    • ABC (Activity-based Costing): A method where overhead costs are allocated across activities, treated as direct costs.
    • ACAS (Air Cargo Advanced Screening): Requires pre-shipment content disclosure to U.S. Customs for air freight from abroad.
    • API (Application Program Interface): Vital for automating data exchanges, transforming logistics operations by enabling real-time information flow.
    • B/L or BOL (Bill of Lading): A document confirming receipt of cargo, detailing the shipment’s route and contents, and serving as proof of ownership.
    • CFR (Code of Federal Regulations): The U.S. government's exhaustive list of regulations, with Title 49 pertinent to transportation.
    • CMV (Commercial Motor Vehicle): Vehicles regulated for safety, used for transporting goods or passengers for payment.
    • C/O or COO (Certificate of Origin): Indicates the manufacturing location of goods, used for duty-free entry under specific trade agreements.
    • CPSC (Consumer Protection & Safety Commission): A U.S. agency regulating product safety to prevent hazardous market practices.
    • CVD (Countervailing Duties): Taxes imposed on imported goods to counteract subsidies provided by foreign governments.
    • EDI (Electronic Data Interchange): Facilitates the paperless exchange of business information using standardized formats.
    • ELD (Electronic Logging Device): A device that records driving times to ensure adherence to safety regulations in transportation.
    • ERP (Enterprise Resource Planning): Integrates management of main business processes, often in real-time, facilitated by software and technology.
    • FAA (Federal Aviation Administration): Governs civil aviation, including aircraft safety and air traffic management.
    • FCL (Full-Container Load): A shipping container fully allocated to a single consignee, optimizing cargo management.
    • FMCSA (Federal Motor Carrier Safety Administration): Oversees safety regulations in the U.S. trucking industry.
    • FTZ (Free Trade Zone): Designated areas where goods can be handled or manufactured with delayed customs duty, encouraging international trade.
    • HazMat (Hazardous Materials): Substances that pose risks to public safety or the environment during transportation.
    • IATA (International Air Transport Association): Provides international regulatory guidelines and rules for air transport.
    • INCO (International Commercial Terms): Defines the responsibilities of buyers and sellers in international trade agreements.
    • LTL (Less-than Truckload): Shipping term for freight that does not require a full truckload, accommodating smaller shipment volumes.
    • NVOCC (Non-Vessel Operating Common Carrier): A freight forwarder or shipping company that does not own transport vessels but issues bills of lading.
    • RFID (Radio Frequency Identification): Uses electromagnetic fields to automatically identify and track tags attached to objects.
    • SCAC (Standard Carrier Alpha Code): A unique code used to identify transportation companies, facilitating data organization and retrieval.
    • TMS (Transportation Management System): Software that optimizes the planning, execution, and optimization of physical goods movements.
    • VAT (Value-Added Tax): A tax assessed on the value added to goods and services, featured in many international tax systems.
    • WMS (Warehouse Management System): Software applications designed to support and optimize warehouse functionality and distribution center management.
    • WTO (World Trade Organization): An international body that regulates trade agreements and settles trade disputes among countries.

    This alphabetical compilation of logistics terms aims to equip you with the knowledge necessary to efficiently manage and grow your business in the logistics sector. Enhance your team's capabilities further by adopting a customer communication hub that streamlines collaboration with customizable automations and more. This approach not only simplifies operations but also boosts productivity, preparing you to meet the dynamic demands of the logistics industry.