Last Modified: June 29, 2023
Logistics refers to the process of planning, implementing, and controlling the efficient flow and storage of goods, services, and related information from the point of origin to the point of consumption.
Key components of logistics include transportation, inventory management, warehousing, order processing, and information systems.
Shipping is the process of transporting goods from one location to another, typically using various modes of transportation such as trucks, ships, airplanes, and trains.
A logistics provider or logistics company is a business that offers various logistics services to help other businesses manage their supply chain, transportation, and distribution needs.
A freight forwarder is a company that acts as an intermediary between shippers and carriers. They arrange and coordinate the transportation of goods on behalf of their clients.
A bill of lading is a legal document that serves as a receipt for goods shipped and as a contract between a shipper, a carrier, and the consignee (receiver of the goods).
A tracking number is a unique identifier assigned to a shipment. You can use it on the carrier's website or a tracking platform to monitor the status and location of your shipment in real-time.
Freight shipping is typically used for larger and heavier shipments, while parcel shipping is used for smaller and lighter packages. Freight shipping often involves palletized or crated goods, while parcel shipping involves individual packages.
Incoterms (International Commercial Terms) are standardized international trade terms that define the responsibilities and obligations of buyers and sellers in a sales contract. They specify who is responsible for shipping, insurance, and customs clearance.
Optimizing logistics and shipping operations involves strategies like route optimization, inventory management, choosing the right transportation modes, and leveraging technology for real-time tracking and data analysis.