Freight Management Archives - Supply Chain Game Changer™

Maritime Industry in Search of Blockchain Orchestrator!

What is Blockchain? And How Does it Work? (Infographic)

A current topic of focus in the maritime industry technology space is Blockchain and how it is going to transform commercial operations.

The Blockchain platform is a distributed ledger which records transactions between parties in a verifiable and, most importantly, permanent way by using a cryptographic hash.

When all major parties approve and implement a single blockchain system, then the entire commercial channel would be transformed into a super rapid, secure and totally digitalized environment.

Road Freight Transport is a Growing Industry!

3 Most Common Freight Forwarding Scams (and How to Avoid Them)! (Infographic)

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Road freight forwarding is the process of physically transporting cargo by road using different types of motor vehicles. Compared to other well-known freight forwarding methods, road freight transport is considerably less expensive.

But that’s not the only reason a small or medium-sized business might need road freight transport services. In this article, we’ll elaborate on the methods of road freight and talk about all the advantages of using it as the primary form of cargo transport.

11 Things to Know About International Shipping!

The Importance of the International Shipping Industry!

As e-commerce has grown in popularity, so has international shipping. Since this new system allows you to buy goods from other countries, you must know all about international shipping, from what to expect when shipping from another country to avoiding fraud.

Shipping overseas can be a lengthy process that necessitates knowledge of what you’re doing to avoid scams, as most of it is done over the internet.

So, here are the 10 things to know about international shipping:

Why Good Logistics Must Be at the Heart of All Supply Chains!

What is Logistics Exactly?

Whether it’s a supply chain or a supply web, the logistics and transport your business has in place will determine whether your supply chain is a hindrance or a help. All businesses need to get supplies and raw materials in and ensure that their products are delivered as efficiently and effectively as possible.

This article details, in brief, some of the most pertinent considerations for a good logistics solution that will work for your business.

Drop Shipping Teddy Bears!

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The company was new to the general merchandising business. As such the Category Managers were going wild with ideas on how to expand their product assortments and procuring new and interesting products to sell.

But unfortunately their zeal did not come with a thorough understanding of the Supply Chain implications of their decisions.

This all came to a head when they had placed orders for a large number of oversized items, including those giant stuffed teddy bears. You know the kind. The giant stuffed animals that are anywhere from 5 feet to 8 feet tall, like you find at Costco.

What followed was a disaster in terms of cost and customer satisfaction.

Get the Biggest Bang for Your Freight Budget Dollar!

Do You Have Hidden Freight Costs?

Freight costs and freight budget adherence are among the most important and often overlooked aspects of transportation management. As the industry struggles to recover from the unprecedented global events of 2020, recognizing budget limitations is essential for industry growth and success.

The costs of logistics as a ratio of total expenses are too significant to ignore. For example, according to Global Trade Magazine, “One critical factor that executives should monitor closely is logistics management. This sector covers important activities relating to procurement, transport, and storage of goods. In most industries, supply chain logistics account for 5% to 50% of a product’s total cost.”

Measuring performance with transportation KPIs and freight data is getting easier. Budgeting and managing freight costs are critical to overcoming any disruptions and increasing profitability.

Freight management parties can rely on these tips to recognize and respond to transportation budget limits.

The Benefits of a Weighbridge for Your Business

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As businesses grow in this era of technology, they aim to enhance their efficiency and productivity. Technology makes businesses more efficient and productive in the best possible ways. The development of weighting technologies, such as a weighbridge, also contributes to improving the efficiency of businesses.

A weighbridge is a device that is used to measure the weight of loaded/unloaded trucks and vehicles. It is also used to manage the incoming and outgoing vehicles. The present-day weighbridges are so advanced that they provide data regarding stock levels.

Let us explore all the benefits of a weighbridge for a business.

Retail Startup Tips When Choosing a Shipping Solution!

22 Tips for Offering Profitable Free Shipping! (Infographic)

After the eCommerce boom in 2020-21, the number of global digital shoppers is predicted to hit 2.05 billion U.S. dollars from 1.32 billion U.S. dollars in 2024. It’s a great time to capitalize on some of the trending ideas like the Amazon Prime Air service shipping solution that will deliver packages up to five pounds in 30 minutes or less using small AI-enabled drones for delightful delivery experiences.

This is the time online retail businesses need to optimize and improve their supply chain and logistics processes. They need to bring in advanced routing capabilities, improve visibility of end-to-end logistics operations, boost productivity, etc. All of these aspects empower retailers to meet customer expectations and stay profitable.

When it comes to choosing a shipping solution, businesses need to be resourceful and smart.

5 Actions to Improve the Workflow of Your Fleet!

5 Insights for Managing Your Fleet Strategy!

Many businesses rely on vehicle fleets to deliver their products or services to customers. For this reason, an efficient, well-organized fleet is key to maintaining a good workflow.

While there are many things businesses can do to improve the workflow of their vehicle fleets, one of the most important is to have a vehicle tracking system. A vehicle tracking system lets you know your fleet’s location in real time. You can also review historical data to identify patterns.

4 Steps for Establishing Healthy 3PL Relationships!

What is a 3PL? The Ultimate Guide Including Definitions of 1PL, 2PL, and 4PL!

The key to establishing healthy 3PL relationships starts with quality of the information that is provided at the time the request for a proposal (RFP) is submitted.

If you ask any 3PL service provider you will find that the lack of quality information provided in RFPs is one of their greatest frustrations.

Make Freight Sourcing More Efficient!

Do You Have Hidden Freight Costs?

The Freight sourcing team and procurement are critical components of the whole supply chain and is crucial to the success of the business. Whether you are a BCO (Beneficial Cargo Owner), Freight Forwarder or NVOCC it is essential that you get this critical component right.

In order to achieve maximum efficiency in freight sourcing and procurement, you need a strong team to handle the requirements.

These are the must-haves for any effective freight sourcing team.

The Importance of Value-Added Services in Logistics and SCM!

Do you have a Freight Management Strategy or are you Spinning your Wheels?

The goal of supply chains is to add value to the manufacturing and distribution processes. Supply chains can be differentiated based on characteristics such as price, time reliability, and risk, and value-added services provided depending on the markets and value chains they serve.

There have never been more product choices in the marketplace than there are now, thanks to globalization and technical developments in supply chain management.

Furthermore, whether purchased in a store or plucked right from their doorstep, buyers want to receive their products immediately and in excellent condition. That indicates that having popular products isn’t enough to guarantee success.

Today, they must also arrive swiftly, effectively, and in perfect condition, or you risk losing customers.

3 Most Common Freight Forwarding Scams (and How to Avoid Them)! (Infographic)

Supply Chain Scams and Fraud!

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As most transportation of cargo and goods, whether in international waters or air space, involves multiple transit destinations and ports, logistics can be a complicated industry. Hence, it is always necessary to have a freight forwarder that can help in carrying out logistic operations. Find Freight Forwarder Perth here.

A freight forwarder is an essential service provider, mostly for companies that are importing and exporting their cargo. This agent or company specializes in logistics and organizing shipments in place to transport goods.

However, the rise of competition amongst freight forwarding companies also gave emergence to fraudulent individuals who would take advantage of the situation. Freight forwarding has both good and bad sides, just like any other industry.

What’s the Difference Between a Freight Forwarder and a Customs Broker?

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Understanding the nitty-gritty of the supply chain process, including the difference between a freight forwarder and customs broker, is extremely crucial to succeed in the international trading industry.

Regardless of how big your business is, knowing the entities that will bring your shipment to its intended destination efficiently is imperative to maintain efficient supply chain operations and meet the time requirements of your clients and the market.

For many import and export businesses, there are basically two entities involved in moving your shipment from Point A to Point B, which are freight forwarders and customs brokers.

While seemingly fulfilling the same role, both satisfy different requirements of trade businesses, and each delivers advantages which their clients would not be able to achieve in other ways.

What’s the Difference Between Freight Management and Logistics Management?

What’s the Difference Between Logistics and Distribution?

In business it is not uncommon to hear the words “Logistics Management” and “Freight Management” thrown around interchangeably.

“Logistics” and “Freight” both conjure up imagery associated with the movement and transportation of goods whether by truck, car, rail, ocean liner or any other form of transportation.

But for those who are professionals working in the Supply Chain field there can be very unique distinctions in this terminology. This is extremely important when you consider the tasks at hand, the skills required, and how to fill these types of jobs.