Glossary

Now what exactly was …? The world of logistics is full of technical terms, and new terms are constantly being added. Our glossary explains them all in a nutshell. If a term you are looking for is not listed here, please don't hesitate to contact us. We'll be happy to add your technical term to our list.



Entries beginning with «k»

Kitting

"Kitting" derives from the word "kit", i.e. an assembly of components. In logistics, the term kitting refers to an activity in the field of procurement and production logistics in which the logistics operator meets customer's needs by putting specified components together either as a pre-assembled unit or as an assembly kit and delivering this just-in-time to the customer. This allows the customer to minimize his intermediate storage capacity and speed up production of the end product. It requires precise knowledge on the part of the logistics provider regarding levels of demand for the individual components. 

› cf. JIT (Just in time)

KPI
Key Performance Indicators

Key Performance Indicators are quantifiable measurements, agreed to beforehand, that reflect the critical success factors of an organization. They will differ depending on the organization. Key Performance Indicators are selected, they must reflect the organization's goals, they must be key to its success, and they must be quantifiable (measurable).