Retail

We help you discover the technical terms and acronyms of the Retail industry.

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Labour

Group of people employed in handling operations within Distribution Centres or stores. It is defined as direct when the size of the labour force is directly proportional to the volumes of the goods to be handled

Last mile

The last mile is the route goods take from a logistics hub to their final destination

Last-In First-Out (LIFO)

Warehouse evaluation system. The concept rests on the idea that the latest goods in are the first to go out.