Global supply chains are extremely complex networks which require involvement by various professionals who must execute different tasks. Two of the most important parties involved in an international shipment are the freight forwarder and the customs broker. One company is often both the freight forwarder and the customs broker, however, the two can be independent of each other due to the differences in responsibilities and capabilities.
Centralizing the management of logistics activities can produce a number of benefits for shippers. With a dedicated team to manage logistics activities, shippers will save time and money due to the increased control, improved transparency and streamlined processes. Below are 10 reasons why shippers should consider the centralization of logistics management.
Freight audit and payment programs can help companies of all sizes improve accuracy when reviewing and paying carrier invoices. With a team devoted to carefully analyzing all charges prior to payment, freight audit and payment providers can save shippers considerable time and money.
Regardless of how much industry experience you have, determining freight classification and staying in line with the National Motor Freight Traffic Association’s (NMFTA) rules, can be frustrating, especially if you get it wrong. However, determining your shipment’s freight class is a critical step to effectively managing your supply chain. Not only does class determine your hard cost, but it’s also a vital factor when it comes to dealing with possible claims or disputes.