Das Logistik-Glossar
Large freight service
Last mile
Lateral distribution
LCL
Lead logistics provider
Less than container load
Less than truckload
Letter of credit
LLP
Load carrier
Load unit
Local sourcing
Logistics
Logistics channel
Logistics control tower
Logistics controlling
Logistics marketplace
Logistics platform
Logistics reengineering
Logistics service providers
Logistics solutions
Low-storage warehouse
LTL
Lateral distribution
Lateral distribution is the practice of distributing multiple load units (e.g., pallets) of an item across several aisles of a warehouse. This approach is designed to address the problem of fixed storage-place assignments in which an item cannot be retrieved if, for instance, a permanently installed means of conveyance, such as a storage-and-retrieval unit in a high-bay warehouse, malfunctions. Another benefit of lateral distribution is that high-demand items are available on several aisles.
Less than container load
LCL refers to partial loads or small shipments from various senders that are placed in transport containers along a transport chain. Various recipients unload these goods at various destinations. The abbreviation “LCL” originated in container transports and is generally used in connection with ship transports.
Letter of credit
The letter of credit is one of the most important methods of payment used in international trade. The importer (letter of credit applicant) asks his bank (issuing bank) to provide a letter of credit on behalf of the exporter (beneficiary) at the exporter’s bank (the advising bank).
The letter of credit is a payment pledge. When certain conditions are fulfilled, the beneficiary receives a particular sum of money. In a letter of credit, the bank’s payment pledge is honored upon the presentation of documents concerning the exported goods.
Logistics
Logistics is defined as the planning, implementation and management of the most efficient and cost-effective transport and storage of goods as possible. It includes raw materials, unfinished and finished products, as well as the related information. The transport is performed at the customer’s request from the point of origin to the site of consumption. It is, so to speak, the science and the art of delivering products and goods in the correct quantity and in a particular condition at the correct time to the correct destination at the lowest possible cost.
In addition to the traditional areas of storage and transport, logistics now includes value-added/pre-retailing services as well as IT solutions for inbound, outbound, internal, international and reverse logistics streams.
Logistics controlling
Logistics controlling is a special area of controlling that supports logistics management. The most important tools used in logistics controlling include objectives and key indicators, budgets, cost accounting, the balanced scorecard, environmental orientation, audits and system analysis.
Logistics marketplace
Logistics marketplaces are electronic platforms that make logistics commerce on the Internet more effective, speedy and secure.
The services of logistics marketplaces on the Internet are designed for senders, forwarders and carriers. The key shared feature is that the freight business can be conducted directly online on the platform. But the systems differ widely in terms of business processes, additional services and security standards.
Logistics platform
Logistics platforms were developed in order to automate cross-company processes and to add transparency to them. Using logistics platforms, companies can exchange data around the world and use order-processing applications. In this work, various interfaces between different companies equipped with diverse computer systems are linked without any changes having to be made in each company’s individual programs.
The benefits of such electronic platforms are cross-company networks via a neutral site, a feature that ensures the autonomy of each participating company.
