Last In, First Out (LIFO)
Last in, first out, or LIFO, is an inventory allocation method whereby the last product stored is the first product that is utilized or allocated for the fulfillment of orders.
Last in, first out, or LIFO, is an inventory allocation method whereby the last product stored is the first product that is utilized or allocated for the fulfillment of orders.
Some clients require inventory or shipment labels to be attached to packaging (i.e., box, case, pallet, etc.). Many labels contain barcoded information, to allow scanning devices to quickly and automatically transfer the information into inventory systems. In some cases, labels are pre-printed and pre-affixed by the manufacturer. In other cases, labels must be created and applied by the Distribution Center prior to shipment of the product in accordance with retailer or customer requirements.
Full truckload, or FTL, is a type of transportation service where a shipment is large enough to fill an entire trailer or truck and is not shared with any other shipments. This means that the entire trailer or truck is dedicated to a single shipment and the shipment takes up the entire available space in the vehicle. These shipments typically range from several pallets to an entire trailer load of goods.
Fulfillment is the picking and processing of orders for shipping from a distribution or warehouse.
Fuel surcharge is the fee that is added to the cost of transportation to cover the fluctuating cost of fuel. The fee is typically applied by carriers, such as trucking companies, airlines, and shipping lines, to account for changes in the cost of fuel, which can have a significant impact on their operating costs. The amount of the fuel surcharge is typically based on a percentage of the base transportation cost and is adjusted periodically to reflect changes in fuel prices.
Freight forwarder is a company that specializes in arranging and coordinating the transportation of goods from one location to another. They act as intermediaries between businesses (shippers) and carriers (trucking companies, airlines, shipping lines, etc.) to manage the logistics and transportation of shipments. They offer a range of services, including arranging transportation, handling customs and regulatory compliance, managing shipping documentation, and providing warehousing and storage solutions. They also offer value-added services such as packaging, labeling, and delivery coordination.