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Inventory Management in Service Logistics Industry

Talking Logistics

Not really because each industry is different, and so are organizations within the same industry and even different divisions within the same organization have their own unique drivers and constraints. Hence following so-called industry trends may not always yield targeted results. What does it mean for inventory?

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U.S. Works to Protect Oil Tankers and Other Merchant Ships in Iranian Waters

MTS Logistics

For example, John Kirby, spokesperson for the U.S. Iranian provocations have included boarding oil tanker ships and taking control of the vessel, in an effort to exercise power and dominance in the region, as well as a recent helicopter flyover of a Chevron-operated oil tanker. will be proactive in pushing back against future threats.

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Continuing Education For Licensed Customs Brokers

MTS Logistics

It will also bring greater assurance that customs brokers are knowledgeable in customs laws and regulations, familiar with operational processes, and can properly exercise brokers fiduciary duties. Individual brokers may start to identify those activities that could likely qualify for education credit once the new requirement is in place.

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Know Your Supply Chain KPIs – Procurement

Logistics Bureau

For example, you might use simple observation to identify visible defects at goods-in, or you could make your analysis a bit deeper by testing a percentage of items received from the supplier. A lot will depend on the nature of your industry and the categories of supplies that you receive.

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Container Lines Ordered to Explain their Detention and Demurrage Process

ShipLilly

Rebecca Dye is the Federal Maritime Commissioner (FMC) and has led an investigation and fact-finding exercise concerning the management of detention and demurrage. For example, in February, the Harbor Trucking Association (HTA) presented a dispute of about $3 million worth of detention and demurrage fees for the previous year.

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The Power of Outsourcing for Supply Chain Improvement

Logistics Bureau

So, for example, outsourcing sales activity is not typically a good idea if yours is a retail sales company. For example, US-based companies may be quite fortunate if they have access to manufacturers right on their doorstep in Mexico, a country with far lower labour costs than the rest of North America.

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Freight Benchmarking: What Is It? Why Do It?

Logistics Bureau

It simply means checking your company’s rates paid for freight transportation against those borne by its peers in the same or similar industries and shipping scenarios. It will also make it easier to determine, for example, if you should opt for contract rates over spot rates or vice versa. Indeed, it’s a very straightforward concept.