A vessel call sign is a unique identifier assigned to a ship for radio communication purposes. It is used to distinguish the vessel from others in maritime communication systems, including VHF radios and satellite communications.
A vessel omission (sometimes called a port omission) occurs when a scheduled vessel does not call at a planned port during its voyage. This disruption means that the vessel skips the port entirely, which can impact the transportation and delivery schedules of goods.
In cargo shipping, vessel rotation is the planned sequence of port calls that a shipping vessel follows on its route to optimize cargo loading and unloading operations.
The timetable of departure and arrival times for each port call on the rotation of the vessel in question.
A journey by sea from one port or country to another one or, in case of a round trip, to the same port.
Warehouse utilization is a logistics metric that refers to the effective use of available warehouse space for storing goods and inventory.
Order for specific transportation work carried out by a third party provider on behalf of the issuing party.
Logistics yard management refers to the process of overseeing and controlling the movement of trucks, trailers, containers, and other vehicles within a yard or distribution center. This includes tasks such as scheduling, tracking, and coordinating the arrival, departure, and storage of these vehicles.
8 Confusing Terms in Supply Chain Technology
Supply chain technology is always changing, and as it does it likes to drop new words into the supply chain technology lexicon. Here are some of the most commonly misunderstood terms in supply chain technology...
Digital Twin
A digital twin is a virtual replica of a physical object or system used to simulate, predict, and optimize performance. In supply chains, digital twins can model logistics networks, warehouse operations, and production processes. The advanced simulation capabilities and data integration requirements can make this a highly complex concept.
Supply Chain Visibility Software
Supply chain visibility software is designed to provide real-time insights into every aspect of the supply chain, from raw materials to finished products. Visibility software helps businesses track and monitor the status and location of goods at every stage of the supply chain, and often features other tools to aid in the flow of goods through the supply chain.
SCM (Supply Chain Management) Software
SCM software encompasses a range of tools designed to manage and optimize supply chain operations. These tools typically include modules for procurement, production, distribution, and logistics. The breadth of functionality and the need for customization and integration with other systems often make SCM software difficult to fully understand and utilize.
TMS (Transportation Management System)
A TMS is a type of SCM software focused specifically on optimizing transportation operations. It helps plan, execute, and analyze the movement of goods. The specialized features and integration with other systems can make TMS challenging to implement and manage.
ERP (Enterprise Resource Planning)
ERP systems integrate various business processes, including demand planning, supply chain management and accounting into a single comprehensive system. While ERPs enhance efficiency and data accuracy, the extensive modules and high implementation costs make them complex and challenging to navigate.
RFID (Radio Frequency Identification)
RFID technology uses electromagnetic fields to automatically identify and track tags attached to objects. It enhances inventory management by providing real-time data on the location of products. The technical aspects and cost considerations of RFID implementation can be perplexing.
EDI (Electronic Data Interchange)
EDI is the electronic exchange of business documents in a standardized format between trading partners. It replaces traditional paper-based methods, improving speed and accuracy. However, the setup and specific formats required for EDI can be daunting for many.
WMS (Warehouse Management System)
A Warehouse Management System (WMS) is software designed to optimize and manage warehouse operations, including slotting, inventory management, picking, packing, and shipping. A WMS enhances efficiency by automating tasks, improving accuracy, and providing real-time data on inventory levels.
Improve your supply chain technology vocabulary with our Supply Chain Glossary.