Glossary
Here you will find easy-to-understand explanations of important terms and topics to help you find your way around our industry. Whether you are looking for a specific definition or simply want to expand your knowledge - our glossary provides you with clear and easy-to-understand information. (The list is sorted by German titles.)
Have fun discovering and learning!
A
ABC Analysis
In simple terms, ABC analysis is a method for classifying objects, processes or elements according to their importance and value. It is often used in logistics and inventory management to increase efficiency and reduce costs.
Stock removal
Stock removal refers to the process in which goods, materials or products are removed from a warehouse in order to make them available for the next step in the supply chain.
B
Inventory management
Inventory management refers to the planning, management and control of stock levels in a company. The aim is to ensure the availability of goods and minimise storage costs at the same time.
C
Cross Docking
Cross docking is a logistics process in which goods are forwarded directly from goods receipt to goods issue without intermediate storage. This process serves to speed up the flow of goods and reduce warehousing costs.
D
Distribution centre
A distribution centre is a central facility that is responsible for the storage, handling and distribution of goods within a supply chain.
E
Storage
Storage refers to the process in which goods or materials are taken into a warehouse and systematically stored.
F
First in First out (FIFO)
First in first out, often abbreviated as FIFO, is a principle in warehousing and logistics in which the products stored first are also removed first.
J
Just in Time
Just-in-time production (JIT) is a production strategy that aims to deliver materials and products exactly when they are needed in order to minimise stock levels and maximise efficiency.
K
Order picking
Picking refers to the process of compiling or sorting goods or materials from a warehouse according to specific orders or purchase orders.
L
Storage costs
Storage costs are the costs incurred by a company for the storage of goods or materials. They include various expenses incurred in connection with the storage of stock.
M
Material flow
Material flow refers to the entire process of moving materials and goods within a company, from delivery to processing and dispatch.
O
Outsourcing
Outsourcing refers to the process by which a company outsources certain tasks or services to external service providers instead of performing them internally.
R
Returns management
Returns management refers to the process of managing and processing goods returned by customers. It includes all steps from the return to the reintegration of the items into the sales process or their disposal.
T
Track and Trace
Track and trace refers to systems and processes that enable the tracking and tracing of products and materials along the entire supply chain.
W
Merchandise management system
A merchandise management system (MMS) is a software solution that supports companies in managing and optimising their inventory and the associated processes.