Inventory management is the planning, tracking, and controlling of the materials flow. Check out these 6 methods for effective inventory management!
Key insights and market updates for logistics and trade.
Hazardous materials are classified into 9 classes, and pose risks to humans and the environment, requiring special documentation & handling in transit.
A Delivery Order (DO) is a document that authorizes the release of cargo and provides instructions for pick-up and delivery.
Drop shipping is a fulfillment method where the retailer transfers the customer orders to a supplier who handles the shipping and delivery.
Embargo limits or prohibits transportation and exchange of goods with a target location for political, security, or economic reasons.
Duty Drawback is a fiscal incentive in international trade that refunds customs duties, fees, or taxes on goods that are re-exported.
Reverse logistics is the process of managing the return of products and materials for value recovery or other operations related to the reuse of them.
A Through Bill of Lading (BOL) streamlines shipping by consolidating the transportation of goods across multiple phases & modes into a single document.
Landed cost covers all costs from procuring to shipping goods, including taxes and duties and is vital for setting competitive and profitable prices.
The Automated Commercial Environment (ACE) is the U.S. Customs’ key digital tool for import/export e-filing, assuring compliance & expediting clearance.
A Free Trade Agreement (FTA) is an agreement between nations to reduce global trade barriers, fostering global economic integration & competitiveness.
Cash on delivery (COD) means that a buyer pays for goods when they receive them from the carrier, often in cash or credit card.
Freight All Kinds (FAK) consolidates various goods into one shipment with a uniform rate, simplifying costs.
A common carrier is a transportation service provider that serves the public for a fee and is liable for any loss or damage of goods during transit.