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How to Win During Peak Shipping Season

Logistics Business Magazine

This article by SHIPSTA addresses six of the most common challenges that can surface in peak shipping season, while providing solutions on how to best address them. Pressure to Save Costs Transportation accounts for a significant amount of total operational costs, consequently becoming a huge target for potential cost savings.

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Purpose of the World Trade Organization

Globalior

WTO delegates regularly meet in Geneva. The WTO also conducts courses for government officials to build their expertise and skills, so that they may help their countries to better facilitate trade. Accessions Division: Facilitates negotiations between WTO members and others requesting accession. How does the WTO work?

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How to Measure Success: KPIs for Inbound Logistics

WorkWave

Importance of Having Effective Inbound and Outbound Logistics Efficiently managing inbound operations can significantly impact a company’s overall performance, cost-effectiveness and customer satisfaction. These metrics provide insights into a supplier’s reliability, quality and ability to meet agreed-upon service levels.

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FAK it. A deep dive into FAK rates and how it works.

Shipping and Freight Resource

There is a buyer who needs a product ; There is a seller who sells this product ; They discuss and agree on a price ; The buyer pays the agreed price ; The seller arranges for the product to be transported to the buyer. An RFQ is a chance for the BCOs to competitively cost the services offered by the service providers.

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Demurrage and Incoterms

Globalior

Demurrage is a cost paid to a shipping line when the owner of cargo is not able to take full delivery of the cargo within the stipulated time. Sometimes demurrage costs is confused with detention costs, because demurrage can occur due to the container being detained. These costs can occur in many situations.

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Top 6 Supply Chain KPIs: Keep Your Dashboards Simple

Logistics Bureau

Perfect order results can help you assess performance and diagnose issues impacting service, costs, and overall supply chain effectiveness. Accurate documentation: This metric tracks the percentage of sales orders accompanied by accurate documents throughout the process. Calculating the Perfect Order. x 0.96 = 0.8661.

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Ethics in Procurement – Simple, but Not Always Easy

Logistics Bureau

Another supplier guarantees lower supply prices that would re-establish the margins your company needs to meet its objectives. Your Italian company is negotiating the supply of aerospace products to a government in Asia. These documents can vary in length. Extortion: Asking for a bribe or similar illicit payment.