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Logistics Glossary
There are currently 5 logistics in this directory beginning with the letter F.
F
Finished Goods Inventory (FG or FGI)
Products completely manufactured, packaged, stored, and ready for distribution
First In First Out (FIFO)
In inventory control and financial accounting, this refers to the practice of using stock from inventory on the basis of what was received first and is consumed first.
Forklift
A machine-powered device used to raise and lower freight and to move freight to different warehouse locations.
Freight Consolidation
The grouping of shipments to obtain reduced costs or improved utilization of the transportation function. Consolidation can occur by market area grouping, grouping according to scheduled deliveries, or using third party pooling services such as public warehouses and freight forwarders.