3PL
Third-party logistics. A company that stores, packs and ships goods for other businesses. Many pallet-space providers are 3PLs.
Related terms
- Put-awayMoving received goods from the receiving dock to their storage location and recording where they went.
- PickingCollecting the products for a customer order from their storage locations. Warehouses pick by order, by batch or by zone.
- Cycle countCounting a small part of the stock on a regular schedule instead of closing the warehouse for one full count. It keeps the system's quantities close to what is on the shelves.
- SlottingChoosing the best location for each product. Fast sellers go near the dock, and heavy items go low.
- FIFOFirst in, first out. The oldest stock is shipped first, which matters for goods with a shelf life.
- SKUStock keeping unit. The code that identifies one product variant, such as a T-shirt in one size and one colour, in your inventory.
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