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L&D

Loss and damage.

Label

A piece of paper or cloth attached to a box or the product itself describing the product or some of its attributes.

Label Holder/Label Placard

The label holder acts as a label holding device that allows the user to label and relabelled containers, racks, and pallets.

Label Identification System

The system employed in identifying products and containers by use of various types of labels/placards/holders.

Label Table

Label Table is the one used for defining possible sales size options on the product. Minimum 1 and maximum 8 sales sizes for different country or region can be defined on Label table.

Labelling Solutions

Products such as placards and nameplates that are pressure sensitive labels that permanently or temporarily identify containers, racks, or pallets.

labour cost

The portion of a manufactured item’s standard or actual cost attributed to the usage of direct labour, as specified by the hours consumed times the pay rate per hour

labour efficiency variance

The cost variance created by using more or less actual labour hours than the standard labour hours for a given amount of production, while assuming the actual pay rate equalled the standard pay rate.

labour grade

A labour classification that indicates capabilities and sometimes an associated pay range and ranking against other labour grades

labour intensive

A product or product line that requires a higher usage of direct labour as compared to other products that make more use of automation

labour planning

A means of determining staffing policies dealing with employment stability and work schedules

labour rate variance

The cost variance created by reporting labour hours with a pay rate higher or lower than the standard pay rate, while assuming the actual hours worked were equal to the standard

labour specialisation

The division of labour into unique (‘special’) tasks.

labour standards

The amount of time required to perform a job or part of a job.

labour utilisation

The measure of the labour hours recorded against production activities vs. the hours available or scheduled for a given period

labour work centre

A work centre where the specified capacity is constrained by labour availability instead of machine availability. 

Laden on Board

A bill of lading that indicates a shipment has been loaded on board a vessel.

Lading

The cargo carried in a transportation vehicle

Lag time

The period of time after processing is complete that a given item is not available for usage due to curing, drying or other requirement that does not involved active use of resources.

Lagging indicator

An economic or other indicator that changes value after the underlying conditions it measures have begun to exhibit a trend.

Laid-Down cost

The sum of the product and transportation costs. The laid-down cost is useful in comparing the total cost of a product shipped from different supply sources to a customer’s point of use

LAN

Local Area Network

Land bridge

The movement of containers by ship-rail-ship on Japan-to-Europe moves ships move containers to the U.S. Pacific Coast, rails move containers to an East Coast port, and ships deliver containers to Europe

Land grants

Grants of land given to rail roads to build tracks during their development stage

Land-bridge

Cross country rail service connecting two ocean ports.

Landed Cost

The total cost of a good to a buyer, including the cost of transportation.

Landed cost

The total cost of a product delivered at a given location, the production cost plus the transportation cost to the customer’s location.

Landed cost

The total standard or actual cost for an imported purchased item, composed of the vendor cost, transportation charges, duties, taxes, broker fees and any other or charges. The total landed cost of an import item must be considered in evaluating foreign vs. domestic purchase decisions

Landed Cost Price

The price of a product to subsidiary/distributor when it arrives at the point of entry to their distribution territory. The landed cost price is also used for determining the cost of sales and sales price of the subsidiary/distributor.

Landing Certificate

Certificate issued by consular officials of some importing countries at the point or place of export when the subject goods are exported under bond.

Landing Gear

A support fixed on the front part of a chassis (which is retractable); used to support the front end of a chassis when the tractor has been removed.

Lane analysis

The study of traffic between two points.

Laser scanner

Device that uses a moving laser to read bar codes. Devices can be portable hand-held units, or fixed units

Laser-guided

Guidance system used with AGVs that uses a rotating laser (mounted on top of the vehicle) to determine the vehicles location. Reflective targets need to be strategically placed along the vehicle’s route. Must always maintain clear line-of-site to reflective targets for the system to work properly.

Lash Barges 

Covered barges that carriers load on board ocean-going ships for movement to foreign destinations

Lash Vessel

Acronym for Lighter Along Ship. Vessel able to carry multiple barges.

LASH Vessel

A ship measuring at least 820 feet long with a deck crane able to load and unload barges through a stern section that projects over the water.

Lashed

Barge system; barges loaded on a vessel instead of a container.

Lashing Equipment

Various types of equipment used to secure containers/cargo on board vessel.

Lashing point

Point on the deck of a ship, or on a vehicle or inside a shipping container to which wires, chains, ropes or straps are attached which are used to hold goods in position.

Lashings

Devices, often wires, chains, ropes or straps, used to secure a cargo on a ship, truck or railway car, or inside a shipping container.

Last 50 yards/metres

Typically the transfer of goods from the rear of the delivery vehicle to the store shelf.

Last Bottom Gauge

A 2D gauge that shows the exact size of the feather edge (or the bottom shape) of the last. The LBG is provided by the last manufacturer.

Last Centre Line

Axis based on the last bottom gauge.

Last Heel Pin Marker

Pins which are placed in the heel area of a last, which are then used to define the right height for a shoe upper before shoe production

Last Information

Information that is provided by the last for the 2D & 3D Layout.

Last Stick Length

The length of a last measured from the heel to the toe with a measuring calibre

Last Type

Classification of a last, describing the size scale used – UK sizes, French sizes or Mondopoint sizes – and for which needs it is developed, for which sport and gender.

Last Updated

A date and time stamp that is recorded when a field or record was last modified by the user.

Lasted Upper

The lasted upper is an upper with the last inside. A 3D scan of the lasted upper is the basis for all 3D constructions of the shoe.

Late Add

Late Adds are any model or article which needs to be added to the range outside the applicable calendar, for which there is no approved development/sourcing process defined. Or Late adds are any model or article which exceed the size of agreed range plans at the beginning of a season.

Late Buy Ready

An article which has not been released at the defined deadline. The article is overdue.

Late finish date

The latest date a project task or activity can be completed without delaying the entire project

Late start date

The latest date a project task or activity can begin without delaying the entire project

Lateness

The degree to which an order or project task is past its due or scheduled date. Some systems prioritise action messages based on the items most late, or past due.

Latent Defect

A flaw, defect or condition not observable at the initial inspection but obviously occurring over a period of time.

Latest Forecast

Article forecast submitted monthly or weekly to International Logistics. The forecast will be stored in ILS.

LAYCAN

Laydays/Cancelling (date): Range of dates within the hire contract must start.

Layer

To separate discrete levels from the total of a given item, based on time, specific batch identifier, or some other factor

Layers

Different pieces of material put together to act as one material.

LCL

Less than railcar load or less than container load.

LCL / FCL

Cargo packed into container by the shipping company and unpacked by the consignee on their respective responsibility.

Lead Logistics Provider (LLP)

An organisation that manages a full scope of logistics services for a company by aggregating and coordinating the services of multiple logistics service providers.

Lead Time

The total time that elapses between an order’s placement and its receipt. It includes the time required for order transmittal, order processing, order preparation, and transit

Leader

1990 initiative on the preservation of rural socio-economic structures through the use of information technology to stimulate tourism

Leadership

Guidance from a capable individual in the organisation, which serves to propel a continual realignment of the enterprise’s organisational and productive capacity with its strategic intent. Leadership is particularly effective in the planning process through the use of teams.

Lead-Time

The lead time is the total time needed for an order to be processed.

Lead-time demand

forecasted demand during the lead-time period. For example, if your forecasted demand is 3 units per day and your lead time is 12 days, your lead-time demand would be 36 units

Lean

Manufacturing efficiency programme prompted by adidas to improve overall factory performance in terms of delivery, quality and cost.

Lean Enterprise

An enterprise with a total focus on waste elimination and the customer’s needs, in all parts of the operation. Emphasis is given to flexibility of response, lean structure and processes, and efficient methods and techniques to continually seize new opportunities as they arise

Lean manufacturing

alternate term used to describe the philosophies and techniques associated with Just-in-time (JIT) manufacturing.

Lean producer

Repetitive producers who are world-class.

Lean Production

A team-based method of just-in-time production that removes non-value adding wastes (such as waiting, inspection, transport, motion, overproduction, defects, and inventory) from the production process.

Lean production/lean manufacturing

Using committed employees with ever expanding responsibility in an effort to achieve zero waste, 100 good product, delivered on time every time.

Lean time

In purchasing systems, the time between placing an order and receiving it , in production systems, it is the wait, move, queue, setup, and run times for each component produced

Learning curves

The premise that people and organisations get batter at their tasks as the tasks are repeated; sometimes called experience curves

Learning Organisation

An organisation that routinely discovers and fixes any important deviations from standardised expectations of performance, such as defects, equipment or process abnormalities, customer or employee dissatisfaction, and so on.

Lease Agreement

A contract to make periodic payments for the use of a property for a certain length of time

Lease-Purchase Agreement

An agreement whereby the periodic payments may also be applied as instalments toward ownership of a property if the leaser decides to assume the option to own

Leasing

This option lies between space ownership and Rental.

Least Total Cost

A dynamic lot-sizing technique that calculates the order quantity by comparing the setup (or ordering) costs and the carrying cost for various lot sizes and selects the lot size where these costs are most nearly equal

Least Unit Cost

A dynamic lot-sizing technique that adds ordering cost and inventory carrying cost for each trial lot size and divides by the number of units in the lot size, picking the lot size with the lowest unit cost.

Ledge-type Shelving

A shelving unit designed to accommodate two different depths of shelves. Larger shelves are placed at the bottom, and the unit is stepped back with smaller shelves on top. This step-back forms a ledge across the face of the shelf. The shelving may be either open or closed type. In some instances, a ledge unit can be added to a regular shelving unit

Leftover

Inventory not ordered or delivered, where planned volumes of merchandise exceeded demand for the goods.

Left-to-right Dimension

As applied to welded-wire rack decking, the horizontal direction of a decking section parallel to the beams of the rack.

Leg

A leg has an origin, destination, and carrier and is composed of all consecutive segments of a route booked through the same carrier.

Leg

An element attached to the base of a container that provides handling clearance and safe stacking.

Legacy

Information stored in an old system and is unreadable by the new system

Legacy system

implies a business computer/information system that is old or outdated. Often used to describe home-grown (custom built) mainframe systems, however, software companies will use the term legacy system to define any system that is not based on the current version of a business software package.

Legal Notice

Advertising in newspapers or other legally acceptable publications. May include public posting of an intent to award a contract

LES

Logistics Execution Systems manage inventory, space, material handling equipment, labour and transportation resources to assure timely, error-free fulfilment and visibility of order status throughout the supply chain.

Less Packing

Air freight requires less packaging because of faster delivery and better security

Less than container load (LCL)

Small lot of cargo packed or unpacked by the shipping company at its responsibility. (as a rule, it consists of mixed cargo)

Lessee

A person or firm to whom a lesser grants a lease

Less-than-truckload (LTL)

A shipment that does not fill a truck.

Let Down

Handling a unitised load from its position in the stack or storage rack down to a location where partial withdrawals can be made.

Letter of Credit

Bank-issued document authorising transfer of funds from buyer to seller (L/C, Elcee)under established terms and conditions in international transactions.

Letter of Credit (LC) – Back-to-Back

A new letter of credit issued to another beneficiary on the strength of a primary credit. The second L/C uses the first L/C as collateral for the bank. Used in a three-party transaction.

Letter of Credit (LC) – Clean

A letter of credit that requires the beneficiary to present only a draft or a receipt for specified funds before receiving payment.

Letter of Credit (LC) – Confirmed

An L/C guaranteed by both the issuing and advising banks of payment so long as seller’s documents are in order, and the L/C terms are met. Only applied to irrevocable L/C’s. The confirming bank assumes the credit risk of the issuing bank.

Letter of Credit (LC) – Deferred Payment

A letter of credit issued for the purchase and financing of merchandise, similar to acceptance-type letter of credit, except that it requires presentation of sight drafts payable on an instalment basis.

Letter of Credit (LC) – Irrevocable

An instrument that, once established, cannot be modified or cancelled without the agreement of all parties concerned.

Letter of Credit (LC) – Non cumulative

A revolving letter of credit that prohibits the amount not used during the specific period from being available afterwards.

Letter of Credit (LC) – Restricted

A condition within the letter of credit which restricts its negotiation to a named bank.

Letter of Credit (LC) – Revocable

An instrument that can be modified or cancelled at any moment without notice to and agreement of the beneficiary, but customarily includes a clause in the credit to the effect that any draft negotiated by a bank prior to the receipt of a notice of revocation or amendment will be honoured by the issuing bank. Rarely used since there is no protection for the seller.

Letter of Credit (LC) – Revolving

An irrevocable letter issued for a specific amount; renews itself for the same amount over a given period.

Letter of Credit (LC) – Straight

A letter of credit that contains a limited engagement clause which states that the issuing bank promises to pay the beneficiary upon presentation of the required documents at its counters or the counters of the named bank.

Letter of Credit (LC) – Transferable

A letter of credit that allows the beneficiary to transfer in whole or in part to another beneficiary any amount which, in aggregate, of such transfers does not exceed the amount of the credit. Used by middlemen.

Letter of Credit (LC) – Unconfirmed

A letter of credit forwarded to the beneficiary by the advising bank without engagement on the part of the advising bank.

Letter of Credit (LOC)

A method of payment for goods in which the buyer established his credit with a local bank, clearly describing the goods to be purchased, the price, the documentation required, and a time limit for completion of the transaction

Letter of guarantee

Undertaking, usually on the part of a bank, to fulfil the obligations of another party.

Letter of Guarantee

Letter provided to carrier in lieu of surrender of original bill of lading.

Letter of Indemnity

Frees one from any responsibilities. Protection in writing to carrier from performing a deviation to normal business.

Letter of Indemnity

A document indemnifying the ship owner or agent from any consequences, risks or claims which may arise through “clean” b/l being irregularly issued.

Level material use

The use of frequent, high-quality, small lot sizes that contribute to just-in-time production

Level scheduling

Mixing products so that each day’s production meets the demand for that day.

Level Selling

A system of customer relations that attempts to eliminate surges in demand caused by the selling system itself (for example, quarterly or monthly sales targets) and, instead, strives to create long-term relations with customers so that future purchases can be anticipated by the production system.

LGV Large Goods Vehicles

May also refer to Light Goods Vehicle <3500kg gross vehicle weight in some contexts

Liability

Is the legal obligation arising out of a failure to honour one’s legal liability to another party, such as by contract

Liability and Fire Insurance

Actual cost of insurance coverage for the warehouse and warehouse functions.

Library Shelving

A form of cantilevered shelving that is primarily utilised in application where ease of reconfiguration is necessary. This type of shelving is configured to satisfy book and technical manual storage requirements. Space between shelves can be expanded to accommodate taller items.

License Cargo

Cargo necessitating license to move

License Plate

License plates are often used with warehouse management systems. They are basically an ID number placed on a pallet, tote, carton or other container, and are used to track the contents of that container as it moves through the warehouse. The license plate will almost always have a bar code that contains this ID number. So by scanning a single bar code on the pallet you can initiate or complete movement transactions for all items and quantities on that pallet.

Licensing

Licensing is when one organisation authorises another organisation to manufacture and sell its products

Lien

A legal claim upon goods for the satisfaction of some debt or duty.

Life Cycle Cost

In cost account, a product’s life cycle is the period that starts with the initial product conceptualisation and ends with the withdrawal of the product from the marketplace and final disposition

Life Cycle Costing

The total cost of owning a property for a designated period of time. The time period is usually based upon need or the expected life of the property

Life Time Value

Literally value life of a customer. Particularly useful concept in the development of consumer loyalty. The value life of a customer can be represented by the sales turnover which a faithful customer can generate throughout his life for a company or by the margins that it will get for the company (expectation of margin).

Lifecycle

The series of different phases in form and functional activity through which something (as an individual, culture, or product) passes during its lifetime.

LIFO

Last In First Out warehousing term, meaning that the most recently received (last in) items are the first to be used or sold (first out).

Lift on, Lift off (LO/LO)

A method by which cargo is loaded onto and unloaded from an ocean vessel, which in this case is with a crane.

Lift truck

Vehicles used to lift, move, stack, rack, or otherwise manipulate loads. Material handling people use a lot of terms to describe lift

Lifted Item

A consumable or repairable product for which the manufacturer has specified a finite life in either some form of time period or in a number of cycles or activities

Lightening

A vessel discharges part of its cargo at anchor into a lighter to reduce the vessel’s draft so it can then get alongside a pier.

Lighter

A barge-type vessel used to carry cargo between shore and cargo ship

Lighterage

The cost of loading or unloading a vessel by means of barges.

Lights-out warehouse

Describes fully-automated facilities.  The idea being that if the facility requires no human operators, you can run it with no lights.  Use of AS/RS units, AGVs, automated conveyors, robots, etc makes this possible. 

Light-Strike III

An EVA compound used with both compression and injection applications, it is designated as the adidas material standard.

LIM

Logistics Inventory Management

Limited Container Load

When there is a limits to the amount a container can hold.

Limited Problem Solving

This is a more constrained decision.

Limited Service Retailers

More sales assistance, more shopping goods because customer require more information.

Limited, or finite, population

A queuing system in which there are only a limited number of potential users of the service

LIMS

Logistics Inventory Management System

Line Functions

The decision-making areas companies associate with daily operations. Logistics line functions include traffic management, inventory control, order processing, warehousing, and packaging

Line haul

A movement between major terminals over 100 to 150 miles in distance.

Line Haul Charge

Transportation of your move. These charges apply in addition to the additional service charges.

Line Item

A specific and unique identifier assigned to a product by the responsible enterprise

Line List

List of products available for production for one specific season that is updated permanently. It includes development data from PDM, and RMS, additional pricing and logistics data, and carry over models.

Line Scrap

Value of raw materials and work-in-process inventory scrapped as a result of improper processing or assembly line

Line side Warehouse

A supplier warehouse positioned as close as possible to the production location to facilitate Just In Time manufacture

Linear Bar Code

A method of automatic identification using a series of light spaces and dark bars of differing densities, in standard formats, to enable a computer to read data and letters accurately without keyboard entry

Linear Bays

The total amount of hanging rail space expressed in bays.

Linear decision rule

An aggregate planning model that attempts to specify an optimum production rate and work-force level over a specific period

Linear Metres

The measurement of display space, either flat displays, shelving, or hanging rails.

Linear programming

A mathematical technique designed to help production and operations managers in planning and decision making relative to the trade-off necessary to allocate resources.

Linear regression analysis

A straight-line mathematical model to describe the functional relationships between independent and dependent variables is common quantitative causal forecasting model

Line-Haul Shipment

A shipment that moves between cities and over distances more than 100 to 150 miles in length

Liner Service

International water carriers that provide service on fixed routes on published schedules.

Liner service

International water carriers that ply fixed routes on published schedules.

Liner Train

Specially designed rail line for regular movement of liner/contain

Link

The transportation method a company uses to connect nodes (plants, warehouses) in a logistics system

Link Access Protocol

Any protocol of the Data Link Layer, such as EtherTalk.

Linked Distributed Systems

Independent computer systems owned by independent organisations linked in a manner to allow direct updates to be made to one system by another

LIS

Logistics Information System

Little Inch

A federally built pipeline constructed during World War II that connected Corpus Christi and Houston, Texas

Live

A situation in which the equipment operator stays with the trailer or boxcar while it is being loaded or unloaded

Lloyds’ Registry

An organisation maintained for the surveying and classing of ships so that insurance underwriters and others may know the quality and condition of the vessels offered for insurance or employment.

LLP

See Lead Logistics Provider

LNG Carrier

Liquefied Natural Gas Carrier.

Load Date Spread

Agreed-upon period within which pickup of a shipment is to take place

Load Factor

A measure of operating efficiency used by air carriers to determine a plane’s utilised capacity percentage or the number of passengers divided by the total number of seats

Load Length

Load length is the maximum overall dimension of a pallet or load module. It is measured in the direction perpendicular to the length of the aisle (parallel to the forks) for conventional fork lift truck handling.[1]

Load List

List showing how cargo is stowed in each container.

Load locks

Adjustable support bars used inside trailers to prevent movement of the load.  a.k.a Load bars, Cargo bars

Load Optimisation

The practice of ensuring that transportation assets such as vehicles, air containers, cargo space, etc.. to minimise costs

Load Plan

Is the planning system especially for the delivery route planning

Load Planner

Is the person who does the route planning in load planning system

Load Port

Port where cargo is actually loaded on vessel.

Load Ratio

The ratio of loaded miles to empty miles.

Load reports

A report for showing the resource requirements in a work centre for all work currently assigned there as well as all planned and expected orders

Load Tender

An offer of cargo for transport by a shipper. Load tender terminology is primarily used in the motor industry

Load Tender (Pick-Up Request)

The offering of cargo to be loaded by a carrier.

Load Tendering

Providing a carrier with detailed information and pricing prior to scheduling a pickup.

Load-bearing Surface

Actual area of material in contact with and supporting a unit load.

Loading

The assigning of jobs to work or processing centres

Loading Allowance

A reduced rate that carriers offer to shippers and/or consignees who load and/or unload LTL or Any Quantity shipments

Loading Area

The surface or plane on which a course is laid

Loading Area Efficiency

The percentage of the prescribed loading area occupied by the containers in the first course

Loading Dock

The sorting or staging platform where shipments are loaded or unloaded.

Loading List

A system print out documents stated the details to shipment need to load

Loading Port

The port where the cargo is loaded onto the exporting vessel

Local Cargo

Cargo delivered to/from the carrier where origin/destination of the cargo is in the local area.

Local Delivery

Movement of product from warehouse facility to the final destination.

Local Determinant

The factors that determine a facility’s location. For industrial facilities, the determinants include logistics

Local Pick-Up

Movement of product from origin to a warehouse facility.

Local Rate

A rate published between two locations served by one carrier.

Local service Airlines

Provide a connecting service with domestics’ trunk line carriers for passenger and cargo services.

Local Service Carriers

A classification of air carriers that operate between less-populated areas and major population centres

Local service carriers

A classification of air carriers that operate between less-populated areas and major population centres

Localised Raw Material

A raw material found only in certain locations

Location Checking

The systematic physical checking of warehouse stock against location records to ensure location accuracy

Locational break-even analysis

A cost-volume analysis to make an economic comparison of location alternatives.

Locational determinant

The factors that determine the location of a facility. For industrial facilities, the determinants include logistics

Locator system

Locator systems are inventory-tracking systems that allow you to assign locations to your inventory to facilitate greater tracking and the ability to store product randomly. Prior to locator systems, warehouses needed to store product

Locator System

A record which shows the exact location of supplies within a storage activity

Lock

The latch mechanism on folding containers used with a U-shaped part called the staple to secure folding container walls and gates in a closed position.

Lockout / Tagout

the process of disabling (lockout) and identifying (tagout) equipment and energy sources during maintenance or service to prevent injury of personnel from an unexpected startup or power up.

Lockstitch

Formed by two different thread systems. A needle thread introduced from one side of the material is interlaced with an underthread supplied from a spool on the other side

Log Sheet

The sheet used by the security personnel to log every truck in to the warehouse premises

Logbook

A daily record of the hours an interstate driver spends driving, off duty, sleeping in the berth, or on duty but not driving

Logical Partitioning

The partitioning of a computer application’s code into distinct executable programs. Logical partitioning is independent of the platforms on which an application may be deployed.

Login Screen

The first screen appears when any user wants to use the computer

Logistic Straps

Nylon straps used to tie off tiers in a trailer.

Logistic Track

Metal track inside a trailer onto which logistic straps are hooked.

Logistician

One who know all the term and function in logistics

Logistics

The processes involved in transferring goods through manufacture storage and transportation to business customers and end consumers

Logistics

The process of planning, implementing and controlling the efficient and cost-effective flow and storage of raw materials, in-process stocks, finished goods and related information from the point of origin to the point of consumption for customers. Put more simply, it is the science and art of ensuring that the right products reach the right place in the right quantity at the right time in order to satisfy consumer demand. Logistics encompasses warehousing, transport, added-value/pre-retailing services and IT solutions and covers inbound, outbound, internal, international and reverse product flows.

Logistics

Logistics is the management of the flow of goods, information and other resources between the point of origin and the point of consumption in order to meet the requirements of consumers

Logistics Channel

The network of intermediaries engaged in transfer, storage, handling, and communications functions that contribute to the efficient flow of goods.

Logistics control tower (LCT)

Bespoke packages of information services used to manage and control supply chain activities on behalf of customers and suppliers. Also known as logistics or transport control tower.

Logistics Controlling

Department which provides analytical skills to the logistics departments, in order to improve budgeting, and cost control, the logistics process, decision making and the day-to-day management of the business.

Logistics Costs

The factors associated with the acquisition, storage, movement, and disposition of goods.

Logistics Data Interchange (LDI)

An integrating computerised system that electronically transmits logistics information computer to computer.

Logistics France Pilot

This project supports an extension of the Supply Chain Planning process, in the area of transport & distribution between Subsidiaries and Global Operations.

Logistics Outsource

The logistics function has been contract out service provider

Logistics outsourcing

The sub-contracting to external companies of tasks considered to be outside an organisation’s core competence. Logistics outsourcing is one of the most popular forms.

Logistics re-engineering

The study and re-design of logistics processes to achieve significant improvements in performance.

Logistics service provider (LSP)

An organisation that offers 3PL, 4PL or lead logistics provider services.

Logistics Visibility Provider

An Internet-based service that provides the integration to and captures the data from logistics service providers; cleanses, verifies and analyses the data; and reports on logistics activities to facilitate supply chain visibility

Log-log graphs

Graphs that use a logarithmic scale on both the x- and y- axis

Long Combination Vehicle

In general, vehicles longer than a standard doubles rig tractor and two 28-foot semi-trailers

Longest processing time (LPT)

A priority rule that assigns the highest priority to those jobs with the longest processing time.

Longitudinal flue space

term used by fire codes to describe the space between the rows of back-to-back racking. Flue spaces allow the water from an overhead sprinkler system to reach lower levels of the rack. Normally a longitudinal flue space of at least 6 inches is required. It is important to note that the flue space is measured as the distance between the loads, not the distance between the racks

Longshoreman

Individual employed in a port to load and unload ships.

Loose

Without packing.

Lorry Control Schemes

Traffic management approaches such as the London night-time and weekend restrictions

Lorry Routes

Traffic management approach commonly used to guide lorry traffic from/to industrial estates, dock areas etc

Lot

A stock keeping unit that must be stored apart from other like stock keeping units.

Lot for lot

An order method that is driven by forecast periods. Order quantities will match demand in each specific forecast period.

Lot Number

The process of tracking production where groups of inventory, within a given product are produced in a batch. Lot tracking is useful for products such as fabric.

Lot Reconciliation

The use of sensors to count the number of objects that pass a particular point in the material handling system for purposes of reconciling actual production or material movement with planned production.

Lot Size

The quantity of goods a company purchases or produces in anticipation of use or sale in the future.

Lot Splitting

Buying large quantities of a product in bulk and selling it to retailers in smaller lot sizes.

Lot tolerance percent defective (LTPD)

The quality level of a lot considered bad

Lot-for-lot

A lot-sizing technique producing exactly what was required

Low-Boy

A trailer or semi-trailer with no sides and with the floor of the unit close to the ground.

Lower Insurance

Air freight is faster and has better security than the land and ocean freight thus the insurance premium rate generally is lower.

Low-level coding

A system in a bill-of-material when an item is coded at the lowest level at which it occurs

LPG

Liquid Petroleum Gas 

LS or LM

Lump Sum. A local freight rate which is inclusive of all charges.

LT

1 Long Ton = 2,240 lbs.

LTL

LTL stands for Less Than Truckload, which means the shipment does not completely fill an entire truck. A LTL shipment typically ranges anywhere from 150 lbs to10,000 lbs. Large Shipments over 10,000 lbs are usually moved by Full truckload (FTL).

LTL Carrier

Trucking company which consolidates less-than-truckload cargo for multiple destinations on one vehicle

LTL shipment

A less-than-truckload shipment, one weighing less than the minimum weight a company needs to use the lower truckload rate.

Lump Sum Freight

An agreed amount for the carriage of goods, not based upon quantity

Lumping

A term applied to a person who assists a motor carrier owner-operator in the loading and unloading of property; quite commonly used in the food industry.

Lust-to-Dust

Similar to “Cradle-to-Grave” but also includes the logistics considerations during the initial planning phase, prior to the acquisition process

Luxembourg Declaration

A joint statement by the EC and the European Free Trade Association (EFTA) in 1984 on economic cooperation.

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