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glossary
December 11, 2023

Freight

Ground Control December 11, 2023 3:12 pm Freight The Royal Spanish Academy (RAE) defines “freight” as the price paid for the transportation of goods. What is Freight in Logistics? Freight is an essential part of the logistics management and has a direct impact on the operating costs of companies. The efficient administration...
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December 11, 2023

Logistics Hub

Ground Control December 11, 2023 3:12 pm Logistics Hub The term “logistics hub” refers to a center or central node in a transportation and distribution network where goods are concentrated and redistributed. What is a Logistics Hub in Logistics? “Logistics hub” functions as a strategic center where goods and services converge and are redistributed...
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December 11, 2023

Just in Time (JIT):

Ground Control December 11, 2023 3:12 pm Just in Time (JIT): “Just in Time” (JIT) is an inventory management methodology that seeks to receive and produce goods just when they are needed, eliminating or minimizing levels. of inventory. The main objective of JIT is to reduce the costs associated with storage and...
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December 11, 2023

KPI (Key Performance Indicators)

Ground Control December 11, 2023 3:11 pm KPI (Key Performance Indicators) KPI stands for Key Performance Indicators (Key Performance Indicators). KPIs are quantifiable metrics used to evaluate the performance of an organization, a process or a project in relation to its objectives and goals. What is the “KPI” in...
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December 11, 2023

Quality Control:

Terrestrial Control December 11, 2023 3:11 pm Quality Control: According to the Rae: Set of actions that aim to verify whether the inspection has been carried out in accordance with the applicable legal standards, directly or supplementarily, and with the audit standards of the Court of Auditors and, in particular, whether they have been achieved...
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