by Danya Rielly | 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,...
by Danya Rielly | 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...
by Danya Rielly | Oct 4, 2022 | Glossary
GLOSSARY Enterprise Resource Planning Enterprise Resource Planning (ERP) is a type of software used by businesses to manage routine operations like accounting, purchasing, projects, compliance, inventory, and supply chain operations. ERP systems enable the exchange of...
by Danya Rielly | Sep 29, 2022 | Glossary
GLOSSARY Consignor A consignor is defined as the shipper of goods in shipping. The consignor is legally the owner of the goods until they are delivered to the consignee. The shipping company is typically the carrier of the goods and may be held responsible for any...
by Danya Rielly | Sep 27, 2022 | Glossary
GLOSSARY Electronic Air Waybill (eAWB) The electronic air waybill is a computerized version of a paper air waybill (eAWB). The eAWB replaces the paper document and simplifies the air cargo process for shippers, forwarders, customs agencies, and air cargo firms. Ready...
by Danya Rielly | Sep 26, 2022 | Glossary
GLOSSARY Electronic Data Interchange (EDI) Electronic data interchange (EDI) refers to the idea of organizations electronically exchanging information such as purchase orders and invoices that was previously conveyed on paper. To enable parties to transact such...
