When negotiating a favorable freight rate, it is crucial to have a reference point. Spot rates are great reference points because they are based on many factors that will also impact the economics of other jobs. A spot rate is a one-time rate for transporting a load. The amount fluctuates...
When negotiating freight rates, it’s essential to understand the factors that impact pricing and how you can leverage them to get a better deal. Consider the following: Volume. Shipping more allows for better rate negotiation with carriers, who benefit from transporting larger quantitie...
As Yiwu is still export-oriented, the exchange rate loss is self-evident under the background of the RMB appreciation of nearly 9% in half a year; Transportation costs have soared due to the epidemic, and it is a common phenomenon that container freight rates have tripled or quadrupled; Th...
On the other hand, if the customer opts to contact their bank first instead, this will trigger a negotiation process which may result in the customer receiving their money back if the bank’s findings are in the customer’s favour. This reimbursement is called a chargeback. The difference ...
Negotiation: Supply chain professionals often engage in negotiations with suppliers, vendors, and customers. Developing negotiation skills allows you to secure favorable contracts, manage costs, and build mutually beneficial relationships. Leadership: As you progress in your supply chain management career, ...
Inform the supplier during negotiation if you plan to pay with your account. There are chances to transfer the burden of the charge to the supplier. You can also prevent the risk of refusal from the supplier during payment. If the supplier does not accept payments via Paypal, you can change...
the freight can be calculated by the whole box rate. The quantity of the goods is small, and only the bulk can be shipped. The freight rate can only be calculated by using the higher bulk price, otherwise the cost of the exchange will be wrongly calculated because of the less freight. ...
Operators can do likewise, using data to aid decisions regarding cargo booking and time chartering of tonnage.For example, data and analytics tools could be used to optimize fleet positioning based on the evolution of cargo flows in front- and back-haul, analyzing the drivers f...
There are also a number of services popping up within China that consolidate your shipments and ship direct to Amazon FBA.Two popular ones aremclhk.netandantlogistics.com.cn. These services will quote you an all-in-one rate (including sea freight, overland freight, and customs clearance) per...
Your inspector should report to you after each day at the factory with information on production status, as in the table below: The inspector can also calculate the factory’s first-pass rate or ratio during production monitoring. This rate measures the percentage of the products that pass all...