article thumbnail

The Approach to Effective Freight Procurement

The Logistics & Supply Chain Management Society

It serves as the compass guiding shippers toward efficient, economical, and dependable cargo transport. The core of the Freight Procurement Stage is the creation of a comprehensive Request for Proposal (RFP) or Request for Quotation (RFQ) document. Work with legal and procurement teams to draft the contract documents.

article thumbnail

Supply Chain is not Only About the Money

DynaSys

In other words, these are projects with benefits that are not visible in short-term financial metrics, but extremely important from a long-term perspective. We gathered a comprehensive set of documents for the customs broker. Indeed, financially-oriented metrics do not show everything that is important.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Seeking Logistics Perfection

Enterra Insights

Even when companies have been generally successful in reducing the number of imperfectly fulfilled orders, the high cost of the very small percentage of orders that aren’t filled completely, on time, damage-free and with all proper documentation and invoicing remains a vexing problem.”[1]

article thumbnail

Exception management: An important aspect of supply chain visibility

20Cube Logistics

With supply chain visibility, customers can easily know the location of the cargo movement and get full access to information on every factor of the supply chain process, improving process efficiencies. The online reports can be easily generated to provide visibility and to analyse the key metrics.

article thumbnail

Using Freight Auditing and Payment to Improve Working Capital & Cash Flow

Intelligent Audit

Inability to match invoices to shipment documentation, including POD, quickly. Tracking cost by mode, lane, and cargo type for better metrics comparison. Increased throughput without equal capacity and supply to meet demands. Anomalies that result in delays in settlements, payments, and invoicing.

Freight 52
article thumbnail

Top 10 Supply Chain Innovations of 2018

Material Handling & Logistics

The retail giant plans to take out 50 million metric tons (MMT) by 2030, which is equivalent to the emissions associated with the average annual electricity consumption of 40 million Chinese households. Content Summary: Autonomous Boats Could Ferry Cargo in Busy Cities. To save both time and money, U.S. Printer-friendly version.

article thumbnail

Supply Chain Best Practices: Preparing for the Worst

Elementum

Well-documented ~ Your contingency plan is of little value unless all relevant stakeholders are trained on it and prepared to jump into action when a disruption does occur. Establish appropriate metrics that correspond with the steps outlined in your contingency plan. Tips for an Effective Contingency Plan.