In the complex world of international trade and supply chain management, various Incoterms play a crucial role in defining the responsibilities and costs between buyers and sellers. One such Incoterm is Carriage Paid To (CPT), which outlines the terms of transportation, delivery, and risk transfer in a transaction. What is Carriage Paid To (CPT) ?…
Procurement is a critical function for any organization, and it can be broadly classified into two categories: direct and indirect procurement. Both types of procurement involve purchasing goods and services, but they differ in terms of the nature of the products and the way they are acquired. In this blog, we will explore the key…
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Air freight software is essential for efficiently managing and organizing air freight shipments. It brings together all the key players and freight brokers involved in air freight forwarding operations. In this article, we will delve into the world of Air freight software, highlighting its advantages. We will also evaluate some of the top software in…
In a fast-paced world where commerce knows no boundaries, the smooth and timely movement of goods has become paramount for businesses to thrive. Whether it’s shipping raw materials from suppliers or delivering finished products to customers, effective freight management lies at the heart of any successful supply chain. This is where freight CRM software swoops…
In recent years, vessel tracking software has become an essential tool for the maritime industry. With the growth of global trade and the increasing importance of timely and efficient delivery of goods, vessel tracking software has enabled shipping companies and port operators to track vessels in real-time, optimize operations, and improve the safety and security…
Shipping containers move 95% of the worldwide cargo. The major shipping companies worldwide play a vital role in moving these cargoes across geographies. Shipping lines carry the responsibility of moving critical and essential goods across the globe; every economy is highly dependent on them. In America, maritime vessels account for 40% of U.S. international trade…
Online shopping for heavy and large delivery products like furniture, appliances, and wholesale electronics is growing more popular as people rush to e-commerce platforms for purchases. According to a Statista analysis, the global market volume for furniture and appliances in e-commerce was $383.2 billion in 2020. Small packages are easier to send than large delivery…
Although carriers can collaborate directly with shippers, they seldom do. Finding clients is time- and money-consuming and particularly challenging for startups. As for the shippers, they don’t want to be concerned with selecting a carrier that fits their financial and schedule requirements, confirming its dependability, and maintaining contact until the items arrive at the recipient….
The global supply chain trends are a result of the quickly developing logistics industry and keeping up with the current era’s rapid technological breakthroughs. Although it can be challenging for supply chain managers and business executives to keep up with these developments, doing so is essential to maintaining the resilience of your supply chain and…
The time between placing an order and when it is delivered is known as the “delivery lead time” in the supply chain. It is crucial for supply chain management and can be a useful metric for handling logistics and inventories. There are three supply chain scenarios where accurate delivery times are important. They first give…