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Third-party logistics. In logistics and supply chain management, 3PL refers to the use of third-party organisations to outsource elements of a company’s distribution, warehousing, and other services. DSV is primarily regarded as a third-party logistics provider.
Authorised Economic Operator. A company or organisation involved in the international movement of goods that has been approved by a national customs authority.
Also referred to as a robotic vehicle, self-driving car or driverless car.
Also known as an autonomous vehicle, self-driving car or robotic vehicle.
The term ‘haulier’ is commonly used in the UK, while in other regions the term ‘trucking company’ is more frequently applied.
A bill of lading is a detailed list of a ship’s cargo.
Harmful substances are classified solely based on their health effects, whether immediate or long-term. Dangerous goods, on the other hand, refer to the physical or chemical effects of substances, such as fire, explosion, corrosion or poisoning, which may impact people, property, or the environment.
A cold chain is a temperature-controlled supply chain, typically used for pharmaceutical or food products. An unbroken cold chain is a continuous series of refrigerated production, storage, and distribution facilities that maintain a specified low temperature range.
Compliance means that products, services, processes and/or documents meet the relevant requirements.
A type of storage facility where goods can be held without paying duties or taxes until they are ready for distribution.
The conversion of analogue data into digital form.
The adoption or increased use of digital or computing technology.
This abbreviation is used in two distinct contexts:
Good Distribution Practice = guidelines for the proper distribution of medicinal products for human use.
Gross Domestic Product = a monetary measure of the market value of all final goods and services produced within a country or region during a specified period.
These are standard sets of global trade terms and conditions issued by the International Chamber of Commerce, designed to assist traders, lawyers, carriers, and insurers when goods are bought, sold, and transported. Essentially, the 11 Incoterms rules set out the responsibilities of trading partners (e.g. who is responsible for transportation, customs clearance for import and export, etc.) and, most importantly, the point in the journey at which risk passes from the seller to the buyer.
Lead logistics providers, also known as 4PL providers, take on many of the same roles as 3PL providers, but operate with a broader function across the supply chain.
DSV is primarily regarded as a 3PL provider, but also offers lead logistics/4PL services: DSV Lead Logistics.
Less Than Truckload. When your shipment does not require an entire truck, you book LTL and your goods are shipped together with goods from other customers. This is a cost-effective solution compared to booking a full truckload.
Also referred to as a self-driving car, autonomous vehicle, or driverless car.
One linear metre of loading space in a truck or trailer, used for calculating transport costs. It is typically used when goods cannot be stacked. A Euro pallet is equivalent to 0.4 loading metres.
Dangerous goods are often confused with harmful goods, which refer to a slightly different risk. Dangerous goods are substances or items that pose a risk to people, property, or the environment due to their chemical or physical properties.
A vertical healthcare system provides services across various sectors, including biotechnology and pharmaceuticals, medical devices and diagnostics, medical products and personal care, as well as hospitals and nursing homes.
A Standard Operating Procedure is a set of instructions that helps an organisation’s employees perform complex routine operations efficiently and consistently, in compliance with industry regulations, and to reduce communication issues.
When you want your shipment to occupy an entire truck exclusively. This may be because your load would fill a whole truck, or because you wish to pay for a full truck even if your load does not fill it completely. This might apply if you need faster pickup and delivery, though it is likely more expensive than LTL – Less Than Truckload.
Twenty-foot Equivalent Unit. A standard unit used to describe a ship’s cargo capacity or the handling capacity of a seaport terminal. A standard forty-foot container (40x8x8 feet) is equal to two TEUs (each 20x8x8 feet).
A Transport Management System is a subset of supply chain management that helps optimise the effectiveness and efficiency of transport fleets.
Track and trace is the process of identifying the past and current locations of inventory items within the supply chain.
A Warehouse Management System is a software application that supports and enhances warehouse functionality and distribution centre operations.