Difference Between

Shipment vs Cargo Cargo is a word very commonly used for goods that are transported from one place to another, and we have air cargo (transported by airplane), sea cargo (transported by ship) and cargo on train. Today, there are many packers and movers that term your household items as cargo when you want them... 

Gross Weight vs Net Weight Knowing the difference between gross weight and net weight is necessary for consumers as often they are duped by companies when they include the weight of the packing while announcing the weight of the product. You are often impressed by the packing of soap without realizing you are... 

FOB vs FCA In international trade, buyers and sellers enter into agreement beforehand so as to avoid any confusion once the process of transportation of goods has started. The agreements or contracts are of several types that are given a generic name Incoterms, which are applicable on all international trade.... 

FOB vs CIF FOB and CIF are International Commercial terms, or Incoterms, as they are popularly known. There are lots of acronyms, all 3 lettered, and having a predefined meaning that is easily understood by both buyers and sellers in international trade. In fact, Incoterms is a registered trademark of the International... 

Perpetual vs Periodic | Perpetual vs Periodic Inventory System Perpetual and Periodic are two inventory methods adopted by companies, and it is indeed true that they show some differences between them in their concepts. Accounting gets updated in the application of periodic inventory system. This is one of the... 

Packing vs Packaging Though the words packing and packaging are used indiscriminately by people who think they are same, they are not synonyms and cannot be used interchangeably. Packaging refers to the way products are kept inside a carton or any other box either individually or in sets using wrapping material... 

Receipt vs Invoice It looks like such a simple question, isn’t it? You get a receipt for the payment you make for the purchases at a mall or supermarket whereas you raise an invoice for the good or services that you supply to a retailer or a manufacturer. There are many who think that differences between receipt... 

Invoice vs Statement Ever wondered why you get a bill or an invoice for other utilities while getting a credit card statement? What is the difference between an invoice and a statement of account? I am sure that like a majority of other people, you will be hard pressed to if asked to come out with differences... 

Invoice vs Purchase Order Have you heard about a document called purchase order? Yes, but don’t know what it is and confuse between this and an invoice? Then this article is for you and others who cannot differentiate between a purchase order and an invoice. Purchase Order If you are starting out on a small... 

Inventory vs Stock Inventory and stock hold great significance for any manufacturing company. Inventory includes raw materials, goods in production, and finished goods that are all considered to be part of a company’s assets as they are either ready or will be ready fro sale to generate revenue for the company.... 

Pallet vs Skid The words pallet and skid are used to refer to a platform that supports goods in a stable manner while they are being loaded or transported through a jack or a forklift. It is a flat surface that increases handling and storage efficiency. You must have seen goods and even shipping containers being... 

RFID vs Barcode Both RIFD and barcode are identification systems that rely on totally different technologies to track items. By now most of us are aware of barcode as we are used to the items we purchase from shopping malls being scanned to make an invoice. But not many know about RIFD technology which is newer... 

Sourcing vs Procurement Many times people are confused between the terms procurement and sourcing thinking them to be the same. They even use these terms interchangeably which is incorrect. There are differences between procurement and sourcing that will be highlighted in this article. Both sourcing and procurement... 

UPS vs FedEx UPS and FedEx are the primary competitors in courier industry. When we want either a mail or package delivered, we commonly resort to the two aforementioned shipping companies for them to get to their intended destinations. They are known for their time definite delivery of packages and documents... 

Procurement vs Purchasing Procurement and Purchasing are two actions that are performed in relation to goods and services and they are done with differences in their method and approach. Procurement may be defined as the acquisition of appropriate goods or services at the best possible total cost of ownership.... 

Logistics vs Supply Chain Management Logistics and Supply chain Management are two areas that are often felt that they could overlap. It is possible that different companies define them differently. Logistics deals with strategy and coordination between marketing and production. On the other hand supply chain...