Subscribe to our free, weekly email newsletter!


Take Control of your Ocean Spend with Automated Freight Audit Solutions


July 16, 2012

One of the biggest line items in logistics spend is the cost of moving goods over the ocean. This is true for several reasons, not the least of which is the complexity of the movement itself and, in turn, the complexity of billing processes. Ocean freight rates encompass a growing inventory of surcharges, turning bill of lading calculations into mathematical challenges. Given that ocean freight invoices represent the largest single component of any logistics spend, they also account for the greatest margin of error in the financial supply chain.

To further complicate the issue for today’s organizations, removing costs and identifying opportunities to improve cash flow are paramount to financial success. The complexity associated with bills of lading has made it increasingly difficult for shippers to use traditional, labor-intensive methods to audit even portions of these bills.

Embracing an automated ocean freight audit system is gaining popularity with a larger number of shippers who want to manage their transport spending and improve audit accuracy and efficiency. Fast, cost effective and able to drive value in an increasingly shorter time frame for a rapid return on investment, a flexible ocean freight audit system is a must for any large shipper where ocean freight is a major component of their logistics costs.

To learn more click HERE download our complimentary educational white paper, Take Control of your Ocean Spend with Automated Freight Audit Solutions.

image

Subscribe to Logistics Management magazine

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your
entire logistics operation.
Start your FREE subscription today!

Recent Entries

The standard tools of B2B integration--EDI, VANs, translation software--have been around for more than two decades. In IT years, that's many generations of technology you've potentially missed out on if your organization is still using the same B2B integration solution it started with.

According to the report, this option will be made available in 14 metropolitan locales in the United States and will not come with an extra fee for Amazon Prime members.

DHL said this investment is being made to meet customer needs for ongoing growth in international e-commerce and global trade and will also provide more gates to accommodate additional aircraft, warehouse space, and new equipment to provide more capacity for sorting shipments and for unloading and reloading planes.

The Department of Transportation’s Bureau of Transportation Statistics (BTS) reported this week that U.S. trade with its North America Free Trade Agreement partners Canada and Mexico in March dropped 5.3 percent annually to $96.1 billion.

U.S. carloads were down 9.1 percent annually at 273,387, and intermodal volume was up 4.3 percent annually at 281,090 containers and trailers.

Comments

Post a comment
Commenting is not available in this channel entry.


© Copyright 2015 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA