A 3PL (Third-Party Logistics) partner or service assists e-commerce merchants with supply chain management. Warehouse...
Global Sourcing Lingo Articles
Bill of Lading
A bill of lading (BL or BoL) is a legal document that shows the type, amount, and destination of the goods being...
Cross Docking
Methods and technologies that can streamline and minimize costs in the supply chain are continually being updated and...
eProcurement Systems
What is eProcurement? Procurement, alternatively referred to as electronic procurement or supplier exchange, is the...
Nearshoring
What is Nearshoring? Nearshoring is the practice of outsourcing to a country that is physically close to your own and...
Activity based costing (ABC)
Activity based costing (ABC) is a more accurate way of allocating manufacturing overhead costs because it first...
Customs Bond
US companies importing from China, or anywhere else for that matter, must obtain a customs bond before arrival in the...
Less than Container Load (LCL)
Less than Container Load (LCL) Unlike Full Container Load (FCL), which usually has a flat rate per container, LCL is...
What is a Full-Container-Load (FCL)?
FCL stands for full-container-load. You pay a flat rate to hire a container for your exclusive use and for its...
What are International Freight Forwarders?
Over the years, freight forwarding has become a popular and practical approach to international transport. Whether...