What is Business Intelligence – structure, requirements, advantages and disadvantages
Business Intelligence - Definition
Traditionally, Business Intelligence (BI) is a collective term for methods and processes for the systematic analysis of data. Companies use this instrument to make their business processes and customer and supplier relationships more profitable, reduce costs, minimize risks and increase added value. This is done with the help of analytical and…
Definition – Tugger train and tugger train systems
Tugger trains are means of transport used in intralogistics processes, primarily in manufacturing companies.
Other common terms are logistics trains or tugger train systems. Like other industrial trucks, they are used for the in-house transportation of production equipment, where they bring inventory, materials, finished and semi-finished products from the warehouse to the production or…
Definition and overview of the logistic process shipping and the common shipping types
What does the shipping business process entail? Shipping refers to the transportation of inventory from a company's own warehouse to the customer; it is therefore the transportation of goods from one location to another. Within a value chain, shipping is an important overall process that consists of several individual processes or process steps involving both internal and external interfaces.…
Overview and definition of the identification technology barcode
Coded information can be stored in many different ways. In addition to mechanical, magnetic and electronic storage, a conventional type of storage has also become established, not least due to the further development of optical reading systems - the barcode. Barcodes are based on the binary principle, which is represented by a certain number of wide and narrow parallel bars and spaces. There…
What is an item number? Development, areas of application and definition
This is a custom heading element. An item number is used to identify, differentiate, categorize, and uniquely identify commercial items. It is only assigned once for a specific item or a specific variant of the corresponding item. This uniqueness and unambiguity refers to the respective underlying system. This can be the company's own product range, its own warehouse or a globally valid…
Definition of replenishment in transport and intralogistics
Replenishment is a fundamentally important process in today's merchandise management. With the best possible integration into the existing warehouse management, it contributes significantly to the efficiency of the material flow. Replenishment is a so-called stock replenishment, which is used to refill warehouses or picking locations in picking zones (for example, from reserve warehouses or…
AutoStore and Cube Storage – Definition and Overview
AutoStore is a Norwegian storage technology and, according to the company of the same name, is particularly suitable for use as an automatic small parts warehouse. The storage system does not use traditional shelves; instead, it uses modular containers that are stacked on top of each other within an aluminum structure and moved by robots. AutoStore technology is basically an all-in-one…
What is warehousing? Overview and definition
In German-speaking countries, the English term “warehousing” is being used more and more often, even though it is actually synonymous with warehouse logistics, storage or stockkeeping. However, it is usually not used as a pure Anglicism for existing German expressions, but rather to refer to the transfer of warehouse logistics to an external service provider (be it 2PL, 3PL, 4PL, 5PL). So when…
consolidation
In logistics, consolidation refers to the process of combining smaller shipments or goods from different sources into a larger unit. The aim is to achieve efficiency and cost savings in transportation and warehousing.
Economic efficiency
Economic efficiency (economicness) is performance in relation to input (in terms of value or cost). E=P/W > 1. Cf. performance and productivity.
Source: logipedia / Fraunhofer IML
