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Demurrage and Incoterms

Globalior

As we have discussed, demurrage can sometimes include detention charges (or vice versa depending on the terminology used in the billing documents). Traders should not depend on the default definition in the Incoterms. These charges act as a strong incentive to encourage traders to meet equipment turn around and return times.

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What is a routing guide and what are best practices to create one

FreightWaves SONAR

And according to Brian Straight of FreightWaves , a routing guide is a living document that enables faster transportation management and keeps freight spend under control based on lane volatility, seen also within SONAR SCI Lane Acuity. What is a routing guide : a list of standards that carriers must meet for carrier-of-choice eligibility.

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Reverse Logistics Solutions by 3PL Links

3PL Links

At this point, it is appropriate to assess some unique ideas, such as the option of either selling a product that no longer meets our quality standards on a secondary market rather than destroying it, or even disassembling the return into spare parts that can be used to make new products or sold as replacement parts.

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Ecommerce Inventory Management: Challenges & Solutions

Logistics Bureau

In this article, we’ll look at some of those challenges and explore potential solutions to help you and your IM team meet the burgeoning demand for fast and accurate order fulfilment. So what can you do to ensure your inventory management meets the challenge of multichannel sales?

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13 Warehouse Types: Definitions, Functions & Examples

Conger

Looking for a private warehousing definition? Now that we’ve covered private warehouses, let’s give a public warehouse definition. This is because a fulfillment center encompasses all aspects of logistics – from receiving, storage, processing, and filling customer orders, to picking, packing, and shipping. Department of Energy.

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Order Management System: What exactly is an OMS?

GlobalTranz

So, let’s take a stroll through the broad and specific definitions of an OMS. When the order is placed, a corresponding set of actions occurs within the system, triggering a pick ticket, carrier selection and more. Customers may shop online, pick up in store or ship to home, as well as every imagination combination in between.

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What is a 3PL? How Third-Party Logistics Providers Benefit eCommerce Brands

Ship Monk

This includes: Matters of inventory management with advanced 3PL software Delivery speed with warehouse locations that bring products closer to customers Fulfillment: Order processing, picking, and packing Optimal shipping costs and options thanks to established relationships with major shipping carriers. So let’s talk PLs 1 – 5.