Glossary
Discover definitions, key responsibilities, advantages, and scenarios.
Enhance your industry knowledge with clear, concise explanations.
B
What is a Bill of Materials (BOM)?
Discover the essential components, types, and best practices for managing a Bill of Materials (BOM) to streamline manufacturing and ensure production efficiency.
What Is Break Bulk?
This page contains a break bulk definition, providing detail on this method for transporting cargo that doesn’t fit into regular containers
Bill of Lading (BoL)
A bill of lading (BoL) is a document that a carrier issues to acknowledge the receipt of goods. This article explains more and looks into the different types of BoL.
C
CBM Unit of Measure
The CBM unit of measure is widely used in the shipping industry, but what is it, why do we use it and how do you calculate it?
Conflict Minerals
Conflict minerals are used to fund human rights abuses and armed conflict. This page explains what they are and the regulations to encourage sustainable sourcing.
Consignee
What is a consignee in shipping, what are their responsibilities and how do they differ from the consignor? This article explains.
CIP (Carriage and Insurance Paid To)
Unpack the CIP (Carriage and Insurance Paid To) incoterm and learn about the key duties, benefits, challenges, and more.
CIF (Cost, Insurance and Freight)
Learn all about CIF (Cost, Insurance, and Freight) Incoterm: seller-buyer obligations, advantages, disadvantages, when to use it, and more.
CFR (Cost and Freight)
Learn all about the CFR (Cost and Freight) Incoterm: seller and buyer obligations, advantages, disadvantages, and when to use it.
CPT (Carriage Paid To)
Explore CPT (Carriage Paid To): Understand obligations, advantages, and when to use CPT in international trade, alongside FAQs on shipping and costs.
D
What Is Drayage?
Drayage is an important element of logistics, but what is drayage, what are the different types and what are the challenges?
DDP (Delivered Duty Paid)
Explore the Incoterm DDP (Delivered Duty Paid), including its comprehensive coverage, responsibilities of the seller and buyer, and suitable scenarios for its use.
DAP (Delivered At Place)
Explore the Incoterm DAP (Delivered At Place), including its definition, the responsibilities of buyers and sellers and when to use DAP in international trade.
DPU (Delivered at Place Unloaded)
Discover the Incoterm DPU (Delivered at Place Unloaded), its definition, responsibilities of buyers and sellers, and how it differs from other Incoterms. Learn when to use it.
F
What Is a Freight Forwarder?
A freight forwarder plays a key role in shipping and this page explains the roles and responsibilities as well as details of how they operate.
FOB Shipping Point vs. Destination
Companies must consider whether to choose FOB shipping point vs destination when considering at which point the title of goods transfers to the buyer. This article explains more.
FOB (Free On Board)
Discover the definition of FOB (Free On Board) incoterm. Learn all about the seller and buyer responsibilities, potential risks, and when to use it.
FAS (Free Alongside Ship)
Learn about FAS (Free Alongside Ship) Incoterm: responsibilities, considerations, examples, and frequently asked questions.
FCA (Free Carrier)
Discover the FCA Incoterm: A guide to its benefits, obligations, and ideal use cases in international shipping and logistics.
I
What Is an Invitation to Bid (ITB)?
An invitation to bid (ITB) is a key element of procurement and this page explains more about how it works and the difference between an ITB and other methods.
What Is an Importer of Record (IOR)?
An importer of record helps a company import goods into a country in which it has no presence. This article looks into how an IOR works.
Indirect Material
An indirect material is relevant to businesses and has a role within procurement. This article explains more about what an indirect material is.
IFB vs. RFP
Companies face the choice of offering an IFB vs RFP. This article explains what they are, how they work and how to choose between them.
Incoterms
Understand each incoterm's roles, responsibilities and how they impact international and domestic contracts for the sale of goods.
P
What Is Procure to Pay?
Procure to pay is a process that improves efficiency in procurement by giving companies increased control over negotiating payments. Find out more here.
What Is Palletization?
This page provides the palletization meaning and overview that you need to understand this integral part of the shipping process.
R
What is RFx?
If you have ever wondered what is RFx in procurement, this article explains what it is, how it works and why companies use it.
What Is RFI in Procurement?
This article explores the use of an RFI in procurement, its purpose and benefits as well as how it builds strong supplier networks.
RFP Bid
Vendors submit an RFP bid to companies in order to take on projects, but what does it involve and how do you submit a bid?
Request for Proposal
A request for proposal (RFP) is an important document for procurement and this article explains what it means and how it works.
R
What is RFx?
If you have ever wondered what is RFx in procurement, this article explains what it is, how it works and why companies use it.
What Is RFI in Procurement?
This article explores the use of an RFI in procurement, its purpose and benefits as well as how it builds strong supplier networks.
RFP Bid
Vendors submit an RFP bid to companies in order to take on projects, but what does it involve and how do you submit a bid?
Request for Proposal
A request for proposal (RFP) is an important document for procurement and this article explains what it means and how it works.
S
What is Source to Pay (S2P)
Source to pay is a digital process that businesses use to find, negotiate with and onboard suppliers for the procurement of goods. This page explains how it works.
What Is Strategic Sourcing? – Definition
This article provides a strategic sourcing definition and explains the benefits and challenges, how it works and how it differs from regular sourcing.
Single Source vs. Sole Source
When it comes to sourcing strategies there is often the choice between single source vs sole source. This page explains the differences.
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