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The Approach to Effective Freight Procurement

The Logistics & Supply Chain Management Society

The Approach to Effective Freight Procurement by LSCMS Shippers’ Council Container shipping procurement faces a multitude of challenges shaped by global events, industry shifts, environmental mandates, and technological advancements. At the heart of it all, an effective procurement strategy remains paramount.

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From Siloed to Interconnected: Bring Planning, Sourcing and Procurement Together with a Common Platform 

Logility

Supply chain organizations are now caught in the clutches of a global economy creaking beneath the weight of cargo embargoes, labor shortages, jammed ports and shipping lanes, and a pandemic that continues to evolve. without tracking down a specific spreadsheet, document, or disparate application ? Let’s face it ?

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Is your freight invoice accurate? A new study claims it might not be.

The Logistics & Supply Chain Management Society

But what is even more complicated is freight billing and handling freight payments: what a cargo owner is initially quoted is often different from what he later is asked to pay. A 2021 Cargo Owners and freight forwarders survey, confirms this. Shipping freight across the world is a complex matter.

Study 246
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What is Freight Forwarding? Definition, Benefits & Risks

Unleashed

Managing all documentation. Freight forwarders handle the documentation involved with transporting goods overseas and organise all shipping under their own bill of lading. Carrier procurement The first step in freight forwarding is selecting the right carriers for the job. Organising the customs process.

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Risk Management in Halal Supply Chains

The Logistics & Supply Chain Management Society

He is also an Adjunct Professor with UTM Azman Hashim International Business School in Malaysia, conducting research on halal procurement strategy, halal supply chain management, and halal risk and reputation management. He is the author of ‘Halal business management: a guide to achieving halal excellence’.

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The Importance of Visibility In the Supply Chain

Precoro

Cargo Status Current information about the location and status of cargo is the first pillar of supply chain visibility. Shipping Rates Delivery cost makes up a significant part of a company’s procurement expenses, so visibility is essential for taming the spending.

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Freightos is going public…and how we got here

Freightos

In retrospect I’m pleased that I was blissfully ignorant of the fact that it would take so many years for even a single cargo airline, or container ocean liner, to provide an API (that is digital computer to computer connection) for instant rates, capacity, and electronic bookings. I’ve been there myself.