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GLOSSARY OF WORDS

EXW (Ex Works)

Incoterms term by which the buyer picks up the goods from the seller's premises.

EXW means that the seller makes the goods available to the buyer at his place of business, and he takes care of transportation, insurance and customs formalities.

Other terms

Combined transport

The use of several modes of transport.
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C

Cold chain

System for transportation of perishable goods.
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C

Logistic efficiency

Optimization of transport processes.
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L

WMS (Warehouse Management System)

Software for logistics warehouse management.
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W

3PL (Third Party Logistics)

External supplier providing complete logistics services.
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T

Supply Chain

Process network for production and distribution.
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S

4PL (Fourth Party Logistics)

Logistics coordinator managing multiple 3PL providers.
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F

Standard Container

Container used for sea and land transport.
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S

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