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Supply Chain & Logistics Glossary
Supply chain and logistics professionals speak their own language. Here’s your guide to cracking the code.
What Is the FDA (Food & Drug Administration)?
The Food & Drug Administration (FDA) is a U.S. government agency responsible for regulating food, drugs, medical devices and cosmetics.
What Is Fill Rate?
Fill rate refers to the percentage of customer orders that available inventory can completely fulfilled.
What is Fishyback?
Fishyback is a transportation method that loads trucks onto railcars for part of the journey, combining road and rail transport.
What Is Flow Rack?
Flow rack is a system that stores items in inclined or gravity-fed lanes, allowing for easy picking and replenishment.
What Is Forecast?
A forecast is an estimate of future demand for products or services based on historical data, market trends and other relevant factors.
What Is Forecast Accuracy?
Forecast accuracy is the degree to which actual demand matches the forecasted demand.
What Is a Fork Truck?
A fork truck is a motorized industrial vehicle with fork-like prongs used for lifting and moving pallets or containers.
What Is a Free Trade Zone?
A free trade zone is a designated area within a country where companies can store, process or assemble goods without being subject to import duties or taxes until the goods leave the zone.
What Is a Freight Forwarder?
A freight forwarder is a company that arranges transportation and logistics services for shippers, including booking cargo space, documentation and customs clearance.
What Is a Fulfillment Center?
In warehousing, a fulfillment center manages and stores a seller’s inventory and processes and ships products directly to customers. Brands can own fulfillment centers or outsource this function to third-party providers. Fulfillment centers play a crucial role in eCommerce by streamlining the process of getting products from sellers to customers, ensuring efficient order processing.