Most shippers have existing vendor compliance programs in place within their vendor inbound logistics guide. Unfortunately, the traditional logistics of sending out paper guides and even keeping updated online versions has grown complex and difficult to control.
An inbound vendor routing guide is comparable the beating heart of your operation. It manages inbound freight, not unlike the incoming blood supply from the lungs, and pumps it out to the remainder of your supply chain.
Shippers often forget about the possible savings through an effective inbound logistics strategy. Unfortunately, this disconnect could be costing tens of thousands of dollars and eating away at your bottom line.
Most transportation costs in a company arise from inbound logistics cost. If other words, the costs associated with transportation of items from vendors make up the biggest portion of will transportation costs, reports Amy Roach Partridge of Inbound Logistics. Part of the problem lies in misconceptions around inbound logistics, including manual, data-intense processes and added stress.
Modern shippers must oversee thousands of individual processes and activities. With the added pressure to lower costs to end-users, your customers, it’s no surprise that the need for increased scrutiny and cost reductions among inbound logistics partners, your vendors, has gone rogue.
Across a wide number of industries, the way companies interact with customers has changed dramatically. There is no shortage of claims that we have now entered the age of the customer. A golden age, where customer desires dictate the actions of companies. Through the hype, there is a lot of truth to these pronouncements. Companies are now, more than ever, responsive to the needs of customers.
Third-party logistics providers are evolving in the wake of changing politics, increased public scrutiny and demand for more value-based, not asset-based, services.
For decades, carriers have been subject to the Carmack Amendment’s exceptions and statutes that define liability. However, the surge in manufacturing and increasing presence of international shipping have changed the way shippers look at the Amendment.
In 1935, Congress passed legislation to help prevent carriers from being subject to unqualified cases of fraud and freight loss claims. Previously, carriers were held liable for any damage that occurred to a shipment while in their possession. However, this meant that carriers were on the financial hook even when damage was not their fault.
Calculating the carbon footprint of a company’s comprehensive logistics framework is tremendously complex. WorldShipping.org cites data from The Network for Transit and the Environment that shows that measured by grams/kg/km air freight as the largest carbon footprint impact and steamships as the lowest.