What is FTL, LTL, Procurement, Sourcing

Question

Accepted Answer

FTL and LTL are transportation modes. Procurement and sourcing are related to supply chain management.

FTL stands for Full Truckload, which means a shipment that fills an entire truck and is usually transported over long distances.
LTL stands for Less Than Truckload, which means a shipment that does not require a full truck and is usually transported over shorter distances.
Procurement is the process of acquiring goods or services from external sources, while sourcing is the process of identifying and selecting suppliers.
Both procurement and sourcing are important aspects of supply chain management, which involves the coordination and management of all activities involved in the production and delivery of goods and services.

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