Remove Definition Remove Document Remove Purchasing Skills
article thumbnail

The Beginner’s Guide to Bill of Lading Documents

ShipLilly

While you don’t want to forget any of those documents (no matter how numerous or tedious they may be), there’s one you definitely want to become familiar with: the bill of lading. A bill of lading is one of the most common – and important – documents in the shipping and logistics industry. What’s on a Bill of Lading?

article thumbnail

The Power of the Network: ERP vs. Spend Management

Logistics Viewpoints

Of the professionals surveyed, 59% saw the gap between procurement/sourcing and supply chain to be a major disconnect, and the most pressing pain point. By ARC’s definition, when a business spend management solution is used for direct procurement it is an MSCN. Procurement solutions are often updated with purchased information.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Vendor Managed Inventory Model for Supply Chain Cost Reductions

GlobalTranz

As a supply chain director, manager, or boss of a multinational corporation, where the supply chain is an integral part of your business, supply chain cost reductions are always at the forefront of your team’s mind. Vendor Managed Inventory Model for Supply Chain Cost Reductions. What is Reverse Marketing?

article thumbnail

Air Freight Explained: Calculating Costs and Price Trends

Freightos

International Air Freight Shipping: Definition. In general numbers, air freight is usually 5X the price of trucking and 16X the price of ocean freight, according to the World Bank. Cost – Simply put, air freight comes with a hefty price tag. Definitely not the greenest way to ship.

article thumbnail

What is LTL Shipping and How Does it Work?

3PL Links

Image source: iStocks | What is LTL Shipping and How Does it Work? LTL ( Less than truckload ) S hipping is one of the best flexible and cost-effective ways to start your freight delivery in logistics. If the shipment spans ten linear feet or more, it will cost 1,000 pounds per foot. What is LTL freight? How does it work?

article thumbnail

Electronic Data Interchange or EDI in Transportation: Breaking Down What it is and How It Works

GlobalTranz

In this series, we will first talk about how EDI in transportation works and what it is, covering the history of EDI in transportation, the definition, how it works technically, and then some common EDI codes used within the transportation industry. Having people involved slows down the processing of the documents and also introduces errors.

Data 105
article thumbnail

Delivery Management System: A Definitive Guide

Locus

The sports manager (Brad Pitt) works under severe cost constraints to build a team. Similarly, businesses face rising cost pressures while managing last-mile logistics operations. Despite the cost pressures, they assign the right order to the right delivery agent. Did the delivery turn out to be costly or cost-effective?