Why DDP Incoterms® can lead to higher logistics costs
Why DDP Incoterms® can lead to higher logistics costs
International trade plays a key role in the globalised economy. Essential to the execution of international trade between buyers and sellers are Incoterms®, or International Commercial Terms. Incoterms® rules exist to provide specific guidance to individuals participating in the daily import and export of global trade. These rules account for the assumed cost risks and responsibility for importers or buyers at each point of the supply chain.
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Making sense of all the data in your Business Operations: Why you need to embrace Data Dashboards
Making sense of all the data in your Business Operations: Why you need to embrace Data Dashboards
Data has changed our lives in so many ways, helping to improve the processes, initiatives, and innovations of organisations across different industry sectors through the power of insight. Data improves daily decision making but with so many stats, facts, and figures to choose from, it can be daunting to know where to start. Enter Data Dashboards – one of the best innovations in business intelligence.
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How a TMS can help you unlock the latent value in your supply chain
How a TMS can help you unlock the latent value in your supply chain
A transport management system or TMS, as defined by Gartner, is a system used to plan freight movements, perform freight rating and shopping across all modes, select the appropriate route and carrier, and manage all freight costs and payments. Critically, a TMS facilitates interactions between an organisation’s order management or warehouse management system and the logistics activities thereafter to ensure on time delivery to the correct destination at the lowest achievable cost.
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