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WTS or WAREHOUSE TRACKING System is a software application which is SPECIFICALLY designed for the warehouse industry. It uses the system of BARCODE labels which allows you to track product movement, audits and shipments easily. It enables you to identify each piece of stock by a UNIQUE serial number.

WTS or Warehouse Tracking System is a software application which is specifically designed for the warehouse industry. It uses the system of barcode labels which allows you to track product movement, audits and shipments easily. It enables you to identify each piece of stock by a unique serial number.

• Delivery Frequency
• Turnaround Times
• Journey Times
• FIXED Routing
• Unification of PRODUCT
• Performance STANDARD
• Vehicle FILL
• Scheduling
• Vehicle and OPERATIONAL records
• Preloading

The five big challenges that companies face TODAY is

• Ignoring the continued growth of e-commerce as a channel in the industrial sector
• No ATTENTION to the potential risk like volatile transportation costs
• Over EXPECTATION that supply chain management technologies will fix everything
• Over-reliance on past performance to predict future sales
• Increase complexity added to supply chain OPERATIONS with implementation of unnecessary technologies
• Lack of understanding of the FULL capacities of suppliers and service

The five big challenges that companies face today is

REVERSE Logistics is the collection of all processes that come into PLAY for goods that move in the reverse directions which MEANS TRANSPORTATION of goods customer to the business.

Reverse Logistics is the collection of all processes that come into play for goods that move in the reverse directions which means transportation of goods customer to the business.

The sorting of products or goods based on their condition or quality is referred as TRIAGE. Some of the goods needs to be repaired and sent BACK, others have to be sold off as USED or DEFECTIVE goods.

The sorting of products or goods based on their condition or quality is referred as Triage. Some of the goods needs to be repaired and sent back, others have to be sold off as used or defective goods.

It is a method which helps in the breakdown of the COSTS into specific activities in order to maintenance of accuracy in the DISTRIBUTION of costs in PRODUCT costing.

It is a method which helps in the breakdown of the costs into specific activities in order to maintenance of accuracy in the distribution of costs in product costing.

It is a process for DETERMINING the quantity of machine and MANUAL labor resources NECESSARY to ASSEMBLE a PRODUCTION.

It is a process for determining the quantity of machine and manual labor resources necessary to assemble a production.

It is a demand which is created by the SALES ORDER or WORK Orders next to a PARTICULAR team.

It is a demand which is created by the Sales Order or Work Orders next to a particular team.

Logistics: Logistics is REFERRED as the procedure of managing goods, resources and INFORMATION from the SOURCE to the consumers in a manner that it fits the REQUIREMENTS of both parties.

Transportation: Transport is the movement of the goods from one point to the other. It is considered as PART of logistics.

Logistics: Logistics is referred as the procedure of managing goods, resources and information from the source to the consumers in a manner that it fits the requirements of both parties.

Transportation: Transport is the movement of the goods from one point to the other. It is considered as part of logistics.

Wave PICKING is a technique of assigning orders into GROUPS and release them together, so as to allow several ACTIVITIES to RUN parallel and complete the task.

Wave picking is a technique of assigning orders into groups and release them together, so as to allow several activities to run parallel and complete the task.

The TECHNIQUE of transporting inventory which are GROUPED into SMALL batches at one go is known as batch picking.

The technique of transporting inventory which are grouped into small batches at one go is known as batch picking.

The MAJOR TRANSPORT issues in WAREHOUSING are

• COSTS
• Delays
• TRACKING and communications
• Warehouse Safety

The major transport issues in warehousing are

When the source of the supplier is hidden from the customer, such shipment is referred as a blind shipment.

Bread bulk is referred to overseas shipments, where the CARGO being shipped consists of smaller units LIKE CRATES, bales, CARTONS and so on.

When the source of the supplier is hidden from the customer, such shipment is referred as a blind shipment.

Bread bulk is referred to overseas shipments, where the cargo being shipped consists of smaller units like crates, bales, cartons and so on.

BONDED warehouse is a dedicated portion of a facility where imported goods are STORED before the customs duties or taxes are being PAID.

Bonded warehouse is a dedicated portion of a facility where imported goods are stored before the customs duties or taxes are being paid.

Cycle TIME is the time consumed to get and ORDER from order entry to the SHIPPING DOCK.

Cycle time is the time consumed to get and order from order entry to the shipping dock.

When any shipment that does not MEET the customers decided TERMS and conditions, a financial PENALTY is charged against the supplier by CUSTOMER. This charge is referred as charge back. For EXAMPLE, lack of proper packaging or labelling.

When any shipment that does not meet the customers decided terms and conditions, a financial penalty is charged against the supplier by customer. This charge is referred as charge back. For example, lack of proper packaging or labelling.

CONSIGNMENT inventory is in the possession of the customer but still owned by the supplier. It MEANS you will PAY the supplier only when their goods are SOLD.

Consignment inventory is in the possession of the customer but still owned by the supplier. It means you will pay the supplier only when their goods are sold.

COMPLIANCE label are used as shipping LABELS, carton labels, PALLET labels and they usually CONTAIN bar codes. It is used for the IDENTIFICATION of goods delivered.

Compliance label are used as shipping labels, carton labels, pallet labels and they usually contain bar codes. It is used for the identification of goods delivered.

• APS: It stands for Advance Planning and Scheduling
• ASN: It stands for Advanced Shipment NOTIFICATIONS
• ASRS: AUTOMATED Storage and RETRIEVAL Systems

Stock Keeping UNIT also REFERRED as SKU NUMBER is a unique code used to identify particular line items.

Stock Keeping Unit also referred as SKU number is a unique code used to identify particular line items.

It is the most versatile attachment USED for handling and transporting multiple unpalletized PRODUCTS such as FURNITURE, carton, APPLIANCES, etc.

It is the most versatile attachment used for handling and transporting multiple unpalletized products such as furniture, carton, appliances, etc.

DOCUMENT against payment: The document remains with bank and importers have to pay the exporter before they release the documents. In this payment is immediate, and document is released quickly
Document against acceptance: In this importer gives 30-45 days to bank to deduct the amount and then release the documents. In this provision, there is MUCH risk, and if there is no sufficient BALANCE in the ACCOUNT then, the process will get delayed.

Document against payment: The document remains with bank and importers have to pay the exporter before they release the documents. In this payment is immediate, and document is released quickly
Document against acceptance: In this importer gives 30-45 days to bank to deduct the amount and then release the documents. In this provision, there is much risk, and if there is no sufficient balance in the account then, the process will get delayed.

A documents against acceptance are an arrangement or provision, where exporter instructs a bank to hand over shipping and title documents to the IMPORTER only if the importer agrees the accompanying bill of exchange or DRAFT by signing it. This provision ensures that the buyer is legally bound to pay the full price to the exporter for the shipments, before ownership is TRANSFERRED.

A documents against acceptance are an arrangement or provision, where exporter instructs a bank to hand over shipping and title documents to the importer only if the importer agrees the accompanying bill of exchange or draft by signing it. This provision ensures that the buyer is legally bound to pay the full price to the exporter for the shipments, before ownership is transferred.

Export declaration is a GOVERNMENT document that defines the goods to be SUPPLIED out of the country. This declaration should be filed by EXPORTER to the U.S government.

Export declaration is a government document that defines the goods to be supplied out of the country. This declaration should be filed by exporter to the U.S government.

Declared value for carriage is the value of the goods, declared by the SHIPPER on the BILL of lading, to DETERMINE the LIMIT of the carrier’s LIABILITY or a freight rate.

Declared value for carriage is the value of the goods, declared by the shipper on the bill of lading, to determine the limit of the carrier’s liability or a freight rate.

Freight class is based on four factors

• Density: Weight PER cubic foot
• Freight Stowability: width and LENGTH based on carrier mode RULES
• Ease of handling: Evaluation of the effort REQUIRED in transporting
• Liability: It includes liability to damage, BREAKABILITY and perishability, freight price per pound and susceptibility of theft

Freight class is based on four factors

VARIOUS activities at operational level includes

• Goods receipt and checking
• Bulk storage
• Order picking
• Stock replenishment
• Order MARSHALLING
• Load Scheduling
• Returns
• Availability of Personnel
• UPDATE of stock
• COMPLETION of documentation

Various activities at operational level includes

A WAY BILL which covers two or more consignment of FREIGHT is REFERRED as BLANKET way bill.

A way bill which covers two or more consignment of freight is referred as blanket way bill.

A bill of lading includes following details

• NAME and COMPLETE address of shippers and receivers
• Special ACCOUNT numbers or PO used between business for order tracking
• Instruction for the carrier for secure delivery
• Date of the shipment
• Number of shipping units
• Types of packaging that includes CARTONS, pallets, skids and DRUMS
• Description about the shipped items (common name & material of manufacture)
• Declared value of the goods being shipped
• Note included if there is any hazardous substance in it
• Exact weight of the shipments – for multiple commodities, weight for each commodity is mentioned separately
• Freight classification of the items shipped, according to NMFC (National Motor freight classification)

A bill of lading includes following details

Affreightment is a contract between SHIP owner and MERCHANT, where ship owner provides or RENTED the space in the ship to the merchant for an agreed amount and for a SPECIFIC period. In this contract, merchant is liable for the payment whether or not the ship is ready for the SHIPMENT.

Affreightment is a contract between ship owner and merchant, where ship owner provides or rented the space in the ship to the merchant for an agreed amount and for a specific period. In this contract, merchant is liable for the payment whether or not the ship is ready for the shipment.

• Advice of shipment: It is a notice sent to a foreign BUYER or local TRADER informing them that the shipment has processed forward and carried information about packing, ROUTING, etc. A copy of the invoice is often sent with it and if recommended a copy of landing also attached ALONG with that.
• Advising Bank: Advising bank is a bank operating in the seller’s country, that HANDLES letters of credit in behalf of a foreign bank

TEU STANDS for TWENTY foot Equivalent Unit. It is a method of calculating vessel LOAD or capacity, in units of containers that are twenty FEEL long. For example, a 40ft long container measure 2TEUs.

TEU stands for Twenty foot Equivalent Unit. It is a method of calculating vessel load or capacity, in units of containers that are twenty feel long. For example, a 40ft long container measure 2TEUs.

Cross docking is a process of UNLOADING materials from an incoming semi-truck and loading directly into out-bounds TRUCKS or TRAILERS. It reduces HANDLING costs, operating costs and the storage of INVENTORY.

Cross docking is a process of unloading materials from an incoming semi-truck and loading directly into out-bounds trucks or trailers. It reduces handling costs, operating costs and the storage of inventory.

Look storage place which has the facility of single, double or multiple depth locations

• Bulk storage in vertical or straight direction: It is the most common method of organizing the container, it is ORGANIZED in a vertical direction piling the container over each other.
• Bulk storage at angle: It is one of the solutions that can be applied in a situation when there is a LIMITED place to accommodate containers. But it is applicable in SPECIAL cases only, depending upon what material it CARRIES.

Look storage place which has the facility of single, double or multiple depth locations

Deadweight TONNAGE is the difference between the laden and UNLADEN WEIGHT of the SHIP. In other words, it is the weight of EVERYTHING that ship carries except the ship itself.

Deadweight tonnage is the difference between the laden and unladen weight of the ship. In other words, it is the weight of everything that ship carries except the ship itself.

LTL (Less than Truckload) SHIPMENT is a CONTRACT between the SHIPPER and transport owner. According to the contract, instead of the entire TRUCK, the shipment are PRICED according to the weight of the freight and mileage within designated lanes.

LTL (Less than Truckload) shipment is a contract between the shipper and transport owner. According to the contract, instead of the entire truck, the shipment are priced according to the weight of the freight and mileage within designated lanes.

Anti-dumping duty is an import duty LEVIED in cases where imported goods are PRICED at LESS than the normal price in the exporter’s domestic market and CAUSE material loss to the domestic industry of the importing country.

Anti-dumping duty is an import duty levied in cases where imported goods are priced at less than the normal price in the exporter’s domestic market and cause material loss to the domestic industry of the importing country.

It is a NOTICE that is sent to the CUSTOMER about the detailed shipment information in advance of delivery. It may also include carrier and shipment related information LIKE time of shipment and EXPECTED time of arrival.

It is a notice that is sent to the customer about the detailed shipment information in advance of delivery. It may also include carrier and shipment related information like time of shipment and expected time of arrival.

A person can work under various position

• Logistic director
• Logistic supervisor
• Logistic ASSOCIATE
• Logistic ENGINEER
• Logistic COORDINATOR
• Logistic specialist
• Logistic ANALYST

A person can work under various position

PRIMARY ROLE of a logistician is to

• Manage the supply chain
• Transportation and STORAGE of MATERIAL
• Transportation management

Primary role of a logistician is to