Are you sick and tired of paying thousands of dollars to your freight forwarders? Do you want to save money on your international freight procurement? The way you negotiate is key. Negotiation saves your business money. It allows you to work towards a lower price, making sure you pay less for your freight procurement. Unfortunately,…
Two manufacturing companies ‘A’ and ‘B’ sell the same product. Both companies have good profit margins, employees are happy and the management is satisfied. Despite being in the same product, none of them pose a threat to each other as they have independent customers and more or less fixed revenues. Now that’s not the entire…
Do you outsource your shipment tracking process to third party logistics services? We have observed that numerous organizations outsource their third-party logistics needs to get to the adaptability and scalability that an outside vendor can offer. If their shipping needs increase rather than employing additional staff or extending distribution center space, they hire 3PL merchants…
You did it — you finally dispatched your shipment! It’s smooth sailing from here, right? WRONG. On average, one intercontinental shipment includes hundreds of interactions and more than 20 players involved– freight-forwarders, port handlers, marine insurers, inland transportation and so forth. In this context, shippers frequently whinge about the difficulty in getting actual-time visibility of…
We all know this simple fact. No customer satisfaction means no retention. No retention means shrinking customer database & straight drop of profit. By 2020 customer experience will be the main differentiator factor predicted by Walker Consulting. Not the price nor the product itself. It will first and foremost be about the experience – and…
Manufacturers all over the world have been importing and exporting for ages. While international trade has existed throughout history, its economic, social, and political importance has been on the rise in recent centuries. This has brought along with it similar operational processes, issues and inefficiencies worldwide. In all the countries, the shipper needs to negotiate…
The days of the Excel spreadsheet is over. Supply chain digitization transforming the management of your global logistics process. The Industries that are genuinely thriving nowadays share something significant in common: a digitized logistics process. And why not? Digitization is the answer to a lot of problems. We have moved on from the primitive times…
Is the market rising or is it falling? Did this question ever cross your mind? SENSEX! I am not talking about that but you are close enough! Ever seen an index for global freight? Look no further. Introducing GFI, GoComet Freight Index. GoComet Freight Index is a shipping index reflecting the fluctuation of spot rates…
What if you could save million-dollars easily on your logistics costs? What would this additional million dollars mean to you – more profit, additional office, cost of one VP covered? So, how and from where do you save that extra money? A bit of math and some smart decisions can do just that for you….
Imagine you have 6 vendors for a particular service with the same offering, but you can buy from only one. How do you ensure that you get the best price? You mostly do simple negotiation. In simple negotiation, you call or email each vendor and ask for a quotation. Once quotes are in, you speak…