Supply Chain Glossary
/ Letter L
Glossary — Letter L
4 supply chain, inventory, and fulfillment terms starting with L. Plain-English definitions for e-commerce merchants.
Landed Cost
The total cost of a product including purchase price, shipping, customs duties, insurance, and all other charges to deliver it to your warehouse.
Last In, First Out (LIFO)
Last in first Out: an inventory accounting method where the most recently received inventory is recorded as sold first, affecting cost of goods sold calculation…
Last-Mile Delivery
Last-Mile Delivery: a key concept in supply chain and ecommerce fulfillment for Shopify brands.
Lead Time
The total time between placing a purchase order with a supplier and receiving the goods at your warehouse.
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