Glossary
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Example H2
Supply Chain Glossary
ABC analysis
Advanced Shipping Notice (ASN)
Agile supply chain
Air waybill (AWB)
Arrival notice
Automatic Identification Systems (AIS)
Backhauling
Backorder
Bay plan
Beneficial Cargo Owner (BCO)
Bill of Lading (B/L)
Blank sailing
Blind shipment
Bonded warehouse
Booking confirmation
Booking request
Break bulk cargo
Buffer stock
Bulk cargo
Bullwhip effect
CIF (Cost, Insurance and Freight)
Capesize Ship
Cargo release
Cargo survey
Carrier
Carrier haulage
Carrier scorecard
Certificate of origin
Commercial invoice
Commodity
Consignee
Consignment inventory
Consignor
Container depot
Container discharge
Container freight station
Container grade
Container packing certificate
Container rollover
Container stripping
Container stuffing
Cross docking
Customs broker
Customs clearance
Customs manifest
Cut-off
Cycle counting
DAP (Delivered At Place)
DDP (Delivered Duty Paid)
DDU (Delivered Duty Unpaid)
DPU (Delivered At Place Unloaded)
Dangerous goods declaration
Deadheading
Deadweight tonnage
Demurrage
Detention charges
Digital twin
Dimensional weight
Dock receipt
Draft (Draught)
Drayage
Drop shipping
Dry bulk cargo
EDI booking
EORI number
ETA (Estimated Time of Arrival)
EXW (Ex Works)
Economic Order Quantity (EOQ)
Electronic Product Code (EPC)
Equipment
Equipment discharge / load report
Exception
Expedited freight
FAS (Free Alongside Ship)
FCA (Free carrier)
FCL Freight
FOB (Free on board)
Feeder operator
Feeder vessel
Feedermax Ship
Fill rate
Flags of Convenience
Fourth Party Logistics (4PL)
Free trade zone
Freight forwarding
Freight visibility
Full truckload (FTL) freight
GLEC framework
Gate-out
German Supply Chain Act
Global Trade Item Number (GTIN)
Goods Receipt Note (GRN)
Green logistics
Handysize Vessel
Haulage equipment
Haulage requirements
Haulage type
Haulier
House Bill of Lading (HBL)
Hub and spoke model
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Logistics 4.0

What is logistics 4.0?

Logistics 4.0, also known as the fourth industrial revolution in logistics, refers to the integration of advanced digital technologies and data-driven solutions to revolutionize traditional supply chain and logistics operations. It builds upon the concepts of Industry 4.0, applying automation, artificial intelligence (AI), Internet of Things (IoT), and big data analytics to optimize efficiency, visibility, and agility across the supply chain.

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How will logistics 4.0 impact the supply chain?

Logistics 4.0 promises to bring significant transformations to the supply chain landscape:

  1. Enhanced visibility: Real-time tracking and monitoring of inventory, transportation, and warehouse operations enable unprecedented visibility into the entire supply chain network, facilitating better decision-making and responsiveness to changing market demands.
  2. Improved efficiency: Automation of repetitive tasks and predictive analytics capabilities streamline processes, reduce manual errors, and optimize resource utilization, leading to increased operational efficiency and cost savings.
  3. Greater agility: Agile and adaptive supply chain networks leverage data-driven insights to anticipate and respond quickly to disruptions, whether from supplier issues, transportation delays, or changing customer preferences, ensuring resilience and continuity in operations.
  4. Customer-centricity: Logistics 4.0 enables personalized and seamless customer experiences through faster order fulfillment, accurate delivery predictions, and enhanced communication channels, driving customer satisfaction and loyalty.
  5. Sustainability: By optimizing transportation routes, reducing energy consumption, and minimizing waste through data-driven insights, Logistics 4.0 supports sustainable practices and environmental stewardship within the supply chain.

In summary, Logistics 4.0 represents a paradigm shift in supply chain management, leveraging cutting-edge technologies to create smarter, more efficient, and responsive logistics networks. Embracing Logistics 4.0 principles empowers organizations to stay competitive in today's fast-paced and digitally-driven business environment, unlocking new opportunities for innovation and growth.

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