Transportation Logistics Information Technology Key Terms
Understand transportation logistics information technology terminology
Transportation logistics information technology is used to make supply chain tasks easier and more effective. Many systems are available for transportation logistics management. They include specialized systems for each step of the process, including warehousing, inventory and transport. Get to know the key terms used in transportation logistics information technology to see what's available and find out what is best for your business.Fleet management systems
Inventory and warehouse control
Software to manage inventory and warehouse operations allows companies to quickly check inventory and monitor fulfillment rates, as well as manage warehouse workforce and labor.Consulting services
Transportation logistics consultants assess a company's current systems to develop custom information technology solutions, as well as train staff and integrate software.Vendor Managed Inventory (VMI) system
Vendor Managed Inventory (VMI) systems incorporate key customers in inventory and supply chain planning. Instead of waiting for customers to order more products, vendors offer the service of planning inventories and placing orders.Collaborative Planning, Forecasting and Replenishment (CPFR) system
With Collaborative Planning, Forecasting and Replenishment (CPFR) guidelines, customers and suppliers share in the planning of inventory management, reducing difficulties caused by order uncertainty. Information is shared between supply chain members over the Internet.Global Trade Management
Doing business globally means staying in compliance with the regulations of foreign countries. Global Trade Management systems provide assistance in this area by creating and submitting documents, invoices and other paperwork, evaluating customs and tax charges, and keeping track of rules and regulations.Copyright © 2013 Business.com, Inc. All Rights Reserved.
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