Let’s face it logistics is full of jargon. So if you’ve ever nodded along on a Teams call thinking, “what on earth is a WMS?”  This one’s for you.

Specialised terms, acronyms and warehouse slang cover the entire process of global supply chain – the transport, warehousing, inventory management and international trade requirements.

So whether you’re new to logistics or simply want to refresh your memory, we’ve created a handy guide to the most commonly used terms.

 

There are more than 5,000 acronyms, words, phrases and terms alongside all the legal terminology, but the world of fulfilment and logistics doesn’t have to be intimidating. Understanding the language and processes behind the operations helps brands and businesses to grow smarter and communicate better with their partners.

Become informed. Knowledge is key, understanding these terms are vital for protecting your goods and covering your risk. When you know your terms of delivery you are in a strong position to negotiate and trade.

TPS Global Logistics MD Matt Smith shares his export advice and covers international commercial terms* along with helpful tips to anyone looking to set up or grow their retail business.

Here at TPS we’re experts in Road Freight, Sea Freight, Air Freight, fulfilment, distribution and logistics so you know your delivery is in safe hands. Contact our award-winning team today to arrange your next shipment. And for all of the latest TPS news, don’t forget to follow us on LinkedIn, Instagram and Facebook

* Did you know that there are eleven different terms of delivery known as Incoterms*. These are just for the buyer and the seller to understand where shipping costs and risks lie.