Glossary
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API (Application Programming Interface)
An API is a set of rules that allows different software systems to exchange data and functions in a structured way. It makes integration between platforms possible without manual work or complex custo...
Asset
An asset, in this context, is any valuable item a company owns, uses or manages to support its operations or generate revenue. In the supply chain, this includes load carriers such as pallets, contain...
Asset Availability
Asset availability indicates whether a load carrier is ready for use when needed. It reflects how often assets are operational and accessible, rather than idle, lost or under maintenance. High asset a...
Asset Monitoring
Asset monitoring is the ongoing process of tracking the location, condition and status of physical assets across the supply chain. This includes data on movement, dwell time, temperature and other key...
Asset Pooling
Asset pooling is a model where reusable load carriers, such as pallets or containers, are owned and managed by a central pool operator. Multiple companies use these shared assets as needed, without ha...
Asset Management
Asset management is the structured and systematic process of tracking, maintaining and optimizing the value and performance of an organization's assets throughout their lifecycle. This includes everyt...
Asset Lifecycle
The asset lifecycle is the complete journey an asset takes from its initial acquisition through deployment, maintenance and reuse, all the way to its final retirement or recycling. Understanding each ...
Asset Visibility
Asset visibility is the ability to see the exact location and availability of assets in real time across your entire supply chain. It means having accurate, up-to-date information on every asset you o...