COGS: Cost of Goods Sold

COGS: Cost of Goods Sold

by | Oct 28, 2022 | Glossary

GLOSSARY COGS: Cost of Goods Sold What is Cost of Goods Sold, or COGS for short? It signifies the direct costs of producing the goods sold by a company. The cost of the raw materials and labor used directly to make the goods are typically included in this sum. Many...
4PL Logistics

4PL Logistics

by | Oct 12, 2022 | Glossary

GLOSSARY 4PL Logistics Fourth-party logistics, or 4PL, is a business operating model in which the supply chain management and logistics are completely outsourced to one outside service provider. This partner will be in charge of overseeing the whole supply chain,...
Foreign Trade Zone (FTZ)

Foreign Trade Zone (FTZ)

by | Oct 11, 2022 | Glossary

GLOSSARY Foreign Trade Zone (FTZ) A United States Foreign Trade Zone (FTZ) is a safe, geographical area designated by the federal government where domestic and foreign commercial goods are treated by U.S. Customs the same as if they were outside of U.S. Customs...
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