Definition of Nearshoring Nearshoring is where a business moves its operations to a nearby country from one of greater distance. Nearshoring is a term that came out of the practice of offshoring, which is when companies move their product manufactured to a lower landed cost region than that of their native country.
Definition of IPI Freight or Interior Point Intermodal IPI freight is used to define inbound freight moves from a port to a shipper’s door within the interior of the country via a domestic or international intermodal container.
Everything you need to know about domestic intermodal and how to be successful implementing it into your logistics strategy. Gives tips, tricks and insights on intermodal and what to watch out for when converting from truckload to intermodal.
Definition of an ISO Container An ISO container is an international intermodal container that is manufactured according to the specifications outlined by the International Organization for Standardization (ISO).
The order-to-cash cycle is the set of business processes associated with receiving a customer order through to the customer’s payment.
Definition of Omnichannel Distribution: Omnichannel distribution is a multichannel approach taken by companies to give customers a way to purchase and receive orders from several sales channels with one-touch seamless integration.
Methods of Freight Pricing - Contract, Spot or Project There is more to a freight rate than the dollar figure given by a freight provider that is then input to a spreadsheet equation.
Difference in Supply Chain and Logistics A supply chain is the network between a company and its suppliers and customers that includes all the transactions involved in transforming raw goods into salable products.
Definition of Supply Chain A supply chain is the network between a company and its suppliers and customers that includes all the transactions involved in transforming raw goods into a salable products.
Definition of Freight Routing Guide An inbound freight routing guide outlines the rules of engagement between a company and its vendors.
Definition of Freight Accessorial Charges: Accessorial freight charges are fees added to a shipper’s freight invoice for services the motor freight carrier performed beyond the standard pick-up and delivery operation designated at the time a shipment is tendered. The additional charges cover a wide variety of services outside of the line haul charge and fuel surcharge that are in connection with the transportation of goods.