Demurrage & Detention: The Cash Opportunity of Logistics

Posted by Chester Yavari on Fri, Mar, 24 2017 @ 10:02 AM

"Free time" is often viewed as a luxury that we as human beings look as a time of relaxation, however in the world of global trade it costs about $35 million dollars in demurrage and detention, which are completely avoidable and preventable fees. These fees result in delayed deliveries and payments, lost sales, and lack of product availability for organizations facing congested ports and poor data analytics to help avoid these fines.

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Topics: Rate Management, Contract Management, Transportation Management

Video Series Chapter 4: Logistics

Posted by Joe Gabro on Wed, Sep, 21 2016 @ 10:15 AM

Continued from Chapter 3: Risk & Quality Management

Transporting goods internationally requires a carefully coordinated approach. Multiple hand-offs and responsibilities across borders and trading partners add both cost and complexity. If you don’t have the right processes in place (and the tools to support them), your bottom line will suffer.

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Topics: Rate Management, Contract Management, Transportation Management, Supply Chain Visibility

Solving the Global Transportation Puzzle: Strategies to Optimize Profits

Posted by Colleen Bush on Tue, Aug, 2 2016 @ 12:44 PM

Every U.S. organization involved with global transportation management is faced with what seems to be an ever-shifting puzzle of regulations, compliance hurdles, and carrier networks that are now stressed to balance capacity, costs and service.

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Topics: Rate Management, Contract Management, Transportation Management

Upcoming Webinar: How Bolloré Logistics Expedited Rate Quotes and Reduced Transportation Costs

Posted by Colleen Bush on Mon, Jun, 27 2016 @ 1:35 PM

Global transportation isn’t getting any easier to manage, especially for non-vessel operating common carriers (NVOCCs). Faced with uncertainties like surcharges—but needing to remain competitive when bidding against other providers—NVOCCs need the right mix of historical data, data intelligence, and technology support to make quick and effective decisions in the changing global market.

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Topics: Rate Management, Contract Management, Transportation Management

Three Imperatives for Managing Carrier Rate Selection

Posted by Kelsey Barker on Thu, Apr, 7 2016 @ 9:00 AM

The annual freight rate contract negotiation process is underway, and it is imperative that shippers fully evaluate their carrier options, utilizing knowledge of historical changes and past performance in their trade lanes. The complexity of freight rate contracts places a strong burden on shippers and NVOCCs to comprehensively understand the proposed rates and surcharges, including any exclusions or exceptions.

Reconciling all of these factors in the carrier rate selection process is a difficult objective for both the partners receiving RFPs to quote, and those reviewing responses. In addition, understanding the carrier's historical on-time performance for a lane is a key factor in deciding whether to award the carrier volume for that lane.

So, how do you ensure your global shipments are contracted with a cost-effective and reliable provider? How do you quickly and accurately quote lanes in an RFP or analyze the response to an RFP? When seeking answers to these questions, shippers and NVOCC's should consider the following as imperatives for managing carrier freight rates.

1. Standardize and centrally manage carrier contracts

Carrier contract formats and verbiage regarding the conditions for applying tariff surcharges vary greatly. Converting various textual contract formats into a standard structure, where services can be easily compared across carriers, enables a solid foundation for centralized management and cost comparison. What this means for your company is a simplified and more efficient process for accessing accurate, fully calculable surcharges and rates to identify the best options.

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Topics: Rate Management, Carrier Selection, Transportation Management, Carrier Booking

Best Practices in International Logistics

Posted by Colleen Bush on Thu, Aug, 20 2015 @ 1:47 PM

In this era of globalization, it’s no surprise that companies are moving their operations to low cost suppliers. However, many of these organizations are finding that higher than expected transportation expenses end up outweighing the benefits. In fact, according to Aberdeen Group research, international shipments cost twice as much, take five times as long and have five times more variability than domestic shipments.

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Topics: Freight Audit, Rate Management, Contract Management, Transportation Management

Amway Improves Supply Chain Visibility with Amber Road

Posted by Kelsey Barker on Thu, Aug, 20 2015 @ 9:43 AM

Increased globalization of the supply chain is causing shipments to spend more time in the transport and logistics pipeline, particularly the ocean. Many companies have identified the link between costs and intercontinental shipping event performance and are striving for proactive supply chain data and efficient collaboration with trade partners.

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Topics: Rate Management, Supply Chain Visibility, Order and Shipment Visibility, Data Quality Management

Upcoming Webinar: Where Are Your Freight Transportation Rates Headed in 2015?

Posted by Colleen Bush on Fri, Jan, 16 2015 @ 11:44 AM

According to a Logistics Management panel of top economic and transportation market analysts, freight transportation rates will most certainly see incremental gains across the board in 2015. And to keep even the smallest increases in check, the panel adds that it’s now imperative for the savviest shippers to control total landed costs by using a variety of modes—and to use that mix to its fullest advantage.

Are you prepared with the modal mix that will keep freight increases in check?

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Topics: Webinars, Amber Road News, Rate Management, Carrier Selection, Transportation Management

Digital Shipping Platforms Save $684M in Errors

Posted by Kelsey Barker on Wed, Jun, 25 2014 @ 9:49 AM

The shipping industry has finally started to go digital. Until recently, if you wanted to ship a container from San Francisco to Hong Kong, you had to place an order over the phone. with a person on the receiving side. However, those people taking the ordersmake an error 20% of the time, which costs the shipping industry about $684 million a year, according to Ocean Audit, Inc. 

To cut down on shipping entry errors, many companies have turned to digital platforms offered by software firms like Amber Road, or carriers like A.P. Moeller-Maersk A/S.

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Topics: Rate Management, Contract Management, Carrier Selection, Transportation Management, Carrier Booking

New Infographic: The Business Case for Visibility with a Global TMS

Posted by Sam Scordato on Tue, Jun, 3 2014 @ 3:47 PM

American Shipper, in partnership with the Council of Supply Chain Management Professionals (CSCMP) and the Retail Industry Leaders Association (RILA), surveyed more than 200 shippers and third party logistics providers about their global transportation management processes, visibility, and technology. The resulting 2014 Global Transportation Management Benchmark Study examines how shippers and 3PLs view the bottom line benefits of visibility, the roadblocks in managing visibility and global transportation management systems, and whether funding is available to invest in new technology.

This infographic contains statistics from the report and makes the business case for investing in a Global Transportation Management system. Dont forget to download the report to get the full results of the study and learn more about the ROI that a global TMS can provide!

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Topics: Rate Management, Transportation Management, Supply Chain Visibility, Order and Shipment Visibility