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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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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.

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The State of Digital Freight: The 4×4 Blueprint for Freight 2020

Freightos

When it comes to freight, we aren’t equipped to meet these expectations and we can’t risk ignoring millennials; we need to evolve and catch-up with customer expectations in order to thrive in a changing world. Self-service support and document management. This undermines the whole point of a fixed price tender. Download Now.

Freight 60
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How AI and Machine Learning Changed Procurement Management

CLX Logistics

Procurement management stands at the crossroads of technological innovation and strategic decision-making. From optimizing operational efficiency to maximizing cost savings, organizations must navigate a complex landscape of competing priorities and evolving market dynamics.

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13 Warehouse Types: Definitions, Functions & Examples

Conger

Looking for a private warehousing definition? This means they act as third-party logistics (3PLs) and may even offer value-added fulfillment services to help subsidize the costs of running the warehouse. High capital and operating costs make private warehouses a realistic option only for large, established businesses.

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Reshoring Or Not, What is Manufacturing? 4 Questions to Ponder with Real American Manufacturers

GlobalTranz

Editor's Note: This is a two part series featuring Chuck Intrieri, who along with providing excellent insights over at his industry leading The Lean Supply Chain blog, is also a consultant who works with companies for Cost Reduction, Supply Chain Optimization, Logistics, Manufacturing, and 3PL Selection. What does it take to make it?

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Trusting the market will stay afloat

Automotive Logistics

To meet with storage demand in the future, it is imperative that all stakeholders in the supply chain work together to smooth the nautical chain and enhance the terminal efficiency to create more flexibility and space.”. It is also in “good” negotiations over a new berth for deep-sea vessels, says Tuitjer.