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What's the Word? The Language of Logistics
What’s the Word? The Language of Logistics
What are the components of supply chain diversification? What’s the difference between GenAI and general artificial intelligence? Here are explanations of some oft-used but not often well-defined supply chain terms.
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What’s an antifragile supply chain? Should we expect humanoid warehouse workers in 2024? We explore some new logistics terms as well as revisit familiar definitions.
Read MoreMarket Swing: Prepare Now or Lose Later
Market indicators are pointing to a stronger second half of the year—in carriers’ favor—signaling to prudent shippers that the time is now to reevaluate both short- and long-term plans.
Read MoreWhat’s the Word? The Language of Logistics
IL breaks down the logistics terms gaining traction in 2023 (from social commerce to footprinting) as well as defines the basic concepts that keep cargo moving.
Read MoreWhat’s the Word: the Language of Logistics
Load Balancing To load balance inventory means to distribute inventory across a network of warehouses with the main purpose of positioning inventory closer to the end customer prior to purchase. Retailers load balance inventory to reduce last-mile costs and ensure faster delivery. When leveraging a well-balanced network, it also allows for redundancy in their supply […]
Read MoreWhat’s The Word? The Language of Logistics
Upstream vs. Downstream Some organizations divide the supply chain into two parts to simplify management: upstream and downstream. The upstream supply chain includes all activities related to the organization’s suppliers, which source raw material inputs to send to the manufacturer. The downstream supply chain refers to activities post-manufacturing, namely distributing the product to the final […]
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