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Glossary of Logistics Terms

  • ABC Classification Method: Classification of stock items/products according to their circulation, amount, value, etc. criteria.

  • Acceptance Credit: A payment method, which undertakes payment of the cost of goods at a certain maturity and in which a policy is the instrument of this payment. In other words, it is a payment method in which the seller is paid an acceptance credit based on the maturity date stated in the policy . This credit is used when the importer or its bank accepts the policy, which is submitted with the document. In payments with acceptance credit, banks act as intermediaries for the parties and charge a fee for this service. If the policy drawn up by the seller is accepted only by the buyer, then a “trade acceptance” has occurred. When it is foreseeable that the bank will accept the policy, the bank either accepts it or signs a surety for importer’s acceptance, which is called “banker’s acceptance.” In this payment method, when the importer wishes to make a deferred purchase, the exporter secures itself with acceptance or signing of surety for the policy by the bank.

  • Access Space: A passage used to access rack compartments and stacks. It is used for the purpose of counting materials.

  • Active Block: Stacking the loads, which are worked on, and on/from which articles put/removed as required.

  • Address: Locations that are set with physical borders within the logistics facility and entered into the system with an identification number.

  • Addressing: During an operation inside the logistics facility, placing the products or transportation units (baskets, parcels, pallets, etc.) physically at an address within the facility and registering them in the system by matching the identification number with the identification number of the location they are placed at.

  • ADR: A standard that governs road transportation of combustible, inflammable and explosive materials, and that the vehicles and drivers are required to hold in order to carry these materials.

Classifications are as follows:
Class 1: Explosive substances
Class 2: Gases
Class 3: Flammable liquids
Class 4.1: Flammable solids
Class 4.2: Substances liable to spontaneous combustion
Class 4.3: Substances which, in contact with water, emit flammable gases
Class 5.1: Oxidizing substances
Class 5.2: Organic peroxides
Class 6.1: Toxic substances
Class 6.2: Infectious substances
Class 7: Radioactive substances
Class 8: Corrosive (acidic) substances
Class 9: Miscellaneous dangerous substances

  • Agent: An enterprise or individual that provides services on behalf of a logistics company in an area outside the latter’s center of operations.

  • Agreement: Memorandum of understanding entered into between the parties to establish the conditions clearly and beforehand for supply services.

  • Air Waybill (AWB): A non-negotiable waybill between the sender and the airway transportation.

  • Aisle: A passageway in a warehousing area.

  • Alignment: Urging, encouraging and enticing all parties in the supply chain for a better chain performance.

  • Allocated Stock: A stock that is set aside in required amount according to a work or purchase order for a certain product.

  • ATA Carnet: A document that serves as collateral and is accepted as declaration. It allows temporary importation of goods without being subject to customs duty between the countries within the scope of international import agreement.

  • ATR Movement Certificate: A document drawn up by the exporter to benefit from customs exemption for exports of goods in free circulation in accordance with the Customs Union Agreement signed between Turkey and the European Union.

  • Automated Storage and Retrieval System (AS/RS): A storage system on which goods are placed or removed and shipped by taking them from their locations in the warehouse by computer-operated equipment, and in which horizontal- and vertical-moving robots operate on each rack aisle for placing and picking up materials.

  • Available to Promise: Planned stock amount that shows the time that future orders can be fulfilled.

  • Average Inventory: Average level of stock that is kept for a product, group of products, or all products at a certain period.

  • Anti-Slip Mats: These prevent the load from slipping.

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