TECHNICAL GLOSSARY

WMS

Acronym for Warehouse Management System, a software used to physically manage warehouses that includes many functions to locate product storage areas, prepare and optimize picking…

SUPPLY CHAIN MANAGEMENT

(the acronym SCM – Supply Chain Management is often used to designate the same): the process of managing all corporate operations included in a company’s…

PHYSICAL DISTRIBUTION

All operations required to carry a finished product from the factory / warehouse to the end user (buyer).

LOGISTICS OUTSOURCER

A company specialized in managing warehouse logistics processes on behalf of third parties.

LOGISTICS OUTSOURCER

A company specialized in managing warehouse logistics processes on behalf of third parties.

MATERIAL HANDLING

The process of moving materials within a warehouse or a factory.

LOGISTICS

Definition drawn up by the Italian Logistics Association (Associazione Italiana di Logistica AILOG): “all organizational, managerial, and strategical activities governing the flows of materials and related…

LIFO

Acronym for Last In, First Out. A process used to manage stocks in which the last product arriving at the warehouse is the first one…

FIFO

Acronym for First in, First Out. A process used to manage stocks in which the first product arriving at the warehouse is also the first…