Third Party Logistics – 3PL
Third Party Logistics (3PL) is the use of a contracted services company who specializes in the picking, packing and dispatch of goods.
Glossary for Industry Terms
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Carriage and Insurance Paid To (CIP)
Carriage and Insurance Paid To (CIP) is a freight arrangement whereby the seller is responsible to cover the costs of both freight and insurance of the product to a destination agreed upon by the buyer.
Direct to consumer – D2C
Direct to consumer (D2C) refers to the sales channel where a brand will sell their products at retail cost directly to their customers.
Pre-Production Sample (PPS)
The Pre-Production Sample (PPS) or Pre-Pro is a sample of the products that occurs before manufacturing starts.
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