This glossary is based on data from logipedia, kindly provided by the Fraunhofer Institute for Material Flow and Logistics IML. The authors Michael ten Hompel (eds.) and Volker Heidenblut hold the complete copyrights of all glossary contents.
- Definition - Benchmarking Benchmarking refers to a systematic comparison of performance based on objective performance criteria. It also describes the assessment of the strengths and weaknesses of a company, measured against a benchmark, which is a reference value resulting from a performance comparison. It(...)
- Blocked stock areaA blocked stock area, represents a clearly delineated or enclosed zone within a warehousing or manufacturing operation. Goods and parts that are no longer suitable for further use for various reasons are stored in this area. The function of a blocked stock area is to safely segregate(...)
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