24. September 2018

Glossary

Built-to-suit (BTS)

In a “built-to-suit” arrangement, a property developer or owner custom-builds a structure according to the exact specifications and requirements of an incoming tenant.

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24. September 2018

Glossary

Industrial production index

The industrial production index is a statistics ratio that measures the performance of the manufacturing industry. It covers the value and quantity of industrial goods produced in businesses of 20 employees or more.

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24. September 2018

Glossary

3PL

Service providers in “third party logistics” (3PL) are contracted to handle the haulage and storage of their clients’ cargo. Moreover, 3PL providers may offer value-added services, such as customs clearance or installation jobs.

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24. September 2018

Glossary

3D scanner

A three-dimensional scanner captures the outlines of an object and thus provides the data necessary to create a three-dimensional replica of the object.

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24. September 2018

Glossary

3D printing

This is an in-situ process of joining raw materials like resin, gypsum or metal to form three-dimensional objects of various types. The objects are created by adding layers in a computer-controlled process. The process permits the just-in-time production directly on location.

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24. September 2018

Glossary

Just-in-time delivery

Often abbreviated as “JIT,” the term describes the pinpoint supplying of capital goods for the purpose of sustaining a constant flow of material.

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