Logistics Procurement Dictionary
A comprehensive glossary of logistics procurement,freight bidding, transportation management,and supply chain terminology.
Basic Terms
• What is Logistics Bidding?

• What is a Shipper?
• What is a Transportation Lane?
• What is a Carrier?
• What is an NVOCC?
• What is a Bidder?
Procurement & Sourcing
• What is RFQ?
• What is RFP?

• What is Logistics Procurement?

• What is a Logistics Tender?

• What is a Spot Bid?

• What is a Contract Bid?

• What is a Reverse Auction?

Award & Selection
• What is an Award?
Analysis & Evaluation
• What is Freight Benchmarking?

• What is a Freight Rate?

• What is a Logistics KPI?

Logistics Services

• What is 3PL (Third-Party Logistics)?

International Logistics

•What is FCL (Full Container Load)?

•What is LCL (Less than Container Load)?