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

Mexico's growing importance in the continental supply chain is now being recognized by North American transportation groups

Satish Jindel, president of Pittsburgh-based SJ Consulting, says that one way for LTL carriers to improve both their bottom lines and overall productivity is to get a better grasp on the cost of handling a shipment and the pricing they have for it.

Falling 5.5 cents to $2.668 per gallon, this follows last week’s 5.9 cent decline for the lowest weekly average price going back to the week of October 14, 2009, when it was at $2.60 per gallon.

With the latest round of Trans-Pacific Partnership (TPP) negotiations in Maui, Hawaii ending without a deal, U.S. supply managers may be adjusting to other global sourcing strategies.

The PMI, the ISM’s index to measure growth fell 0.8 percent to 52.7 (a PMI of 50 or greater represents growth). PMI growth has been at 50 or higher for 31 straight months (with the overall economy growing for 74 months), and the current PMI is 1.7 percent below the 12-month average of 54.4.

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