FINDING AND EVALUATING FREIGHT FORWARDERS
This is a team assignment to be prepared in groups of 3-4 students. Some, probably not all but this depends on timing, may be asked to present your findings to the group. Presentations should be scheduled for roughly 5 (at most 10) minutes.
Growth in international trade has increased the importance of logistics and international transportation as strategic tools for achieving competitive advantage. One solution is to take advantage of the services of a freight forwarder. The evaluation and selection of a freight forwarder is a critical strategic decision for managers involved in international operations. In this Management Skill Builder, we focus on a basic approach for evaluating freight
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8. What types of other services does the forwarder provide? Examples of these include customs brokerage, logistics management, consulting on international shipments, and EDI services. For example, using EDI, the exporter can transmit exporting documentation to the forwarder, and track the location and status of international shipments.
Based on the information collected above, make a recommendation on which of the three freight forwarders you believe your firm should employ. Be sure to justify your answer, by summarizing the information gathered in response to the above questions.
When seeking a freight forwarder, the above questions address only some of the issues that you might face in the real world of international business. In a real situation, you would likely seek answers to other questions as well, depending on the firm’s situation, regarding issues such as the type of product, destination, size of shipment, and available exporter resources. Other issues to investigate include product/service specialization, responsiveness and attention to exporter needs, financing capabilities, financial position, and pricing, as well as the forwarder’s efficiency and reliability. Many of the evaluation criteria used in selection are subjective and therefore not easily quantifiable. It is critical to evaluate potential freight forwarders in both quantitative and qualitative terms.
Suggested Resources for this Exercise – IMPORTANT - these
Your report should be approximately 1000 words and that includes graphics as tables and charts to illustrate the information collected and analyses. Your report must be written in clear and concise English so as to be readable by diverse groups.
Today’s world business environment has become so competitive that companies in order to be successful in the market must deal with different resources for satisfying their customer need. In the past decade or so the competitive global market has made a big influence in the growing for external business. Third party logistics providers are more and more employing external companies for inventory management, transportation, warehousing, and other value added activities for customer services. Third party logistics
This invaluable service will enable you to divert your attention and energy towards increasing your sales. The factoring company will also provide you with updated lists of your receivables, so that you too can keep track of your clients. Thus, your freight factoring company will walk hand-in-hand with your business and in fact will become an extension of your business by providing finance at regular intervals as well as arranging to collect the dues from your clients.
Obviously, a freight forwarder wants your business. Yet, if they do not have experience shipping cars, they may make mistakes that can cause delays and fines. An experienced vehicle freight shipper can avoid these pitfalls. Companies such as Dazmac -- an Australian importing firm -- leverage years of experience to ensure the best possible outcome for car and boat import clients.
We are Australia based international shipping company providing a wide range of services such as: Shipping containers (20ft,40ft,40ft high cube), shipping boxes,crates or pallets, relocating overseas, shipping vehicles & house hold goods shipping from Australia (Sydney Melbourne, Brisbane, Adelaide & Fremantle) to Asia, Africa, West Africa, Europe, Middle East, South America, Pacific Islands & USA or anywhere in the world. We handle personal effects and commercial cargo both. Our high range of shipping volumes makes us to offer unbeatable price in the market and our verities of international shipping options makes our customers to afford. Our well documentations, experienced team, and high level
This question is crucial for any freight forwarding organization because every company wants to reduce the cost of their operations. This
The freight and track business has formed part of my interests is in business since I was attached in to work as with California freight company for three months. During this time, I got an overall exposure in the running of the business. While on the attachment, I made an effort to understand what it takes to run the business and managed to interact with the managerial staffs in different departments of the company. The attachment opportunity opened up my imagination on how to run a freight business incurring least possible capital expenses. I have knowledge in business accounting and management that will be used to open and run the business. My interpersonal skill will be handy to help in forming long lasting relations with possible corporate partners.
With the global market becoming more connected and competitive, the United States supply chain needs to constantly evolve to survive. Advancing technology and E-Commerce allow customers to order products from literally anywhere in the world, resulting in a sudden emergence of strong global competition. To compete America needs to be able to provide the same goods faster and more efficient that their competitors. However many improvements in every branch of the American transportation supply chain including infrastructure and logistics need to be made in to achieve this. One practice that is becoming more essential to compete in the growing global market is intermodal freight transportation.
A business transaction involves one selling a product to someone that wants or needs it as a business or personal asset. A mutual agreement is reached on the price, and at some point, the product exchanges hand either directly or indirectly through some means of transferring or transporting. As the firm grows locally, nationally, or internationally, transportation and distribution assistance is required to meet consumer demands. Here is where the demand for transportation and logistics begins with a business that may involve importing and exporting supplies required for production, and ends with a consumer receiving products purchased. (Dowlatshahi, 2010), describes inbound and outbound transportation performance as simply achieving scheduled delivery times which displays the firm’s commitment to satisfy consumer expectations. The transportation and logistics industry has specific features and resources designed to meet any consumer shipping needs. This requires strongest competitors to harvest a strategic approach to maximize opportunities to work with all customers, and showcase the values offered by the firm and the industry. This methodology is one that is intended to build or strengthen a brand, and retain and attract new consumers. “In order to attract customers and make them pay the price of the product, the company should be good at understanding what customers’ needs and requirements are, and produce products that really want” (Attia & Hooley, 2007, p. 95).
While are concerning in business that needs numerous goods transportation, then it's extremely important you know what is Quotes of Freight Shipping denote. The rate will rely on the shipment's weight, density, distance, worth, and vulnerability to damage. A number of companies may moreover think the ease of handling the shipment as an issue in quoting the rates. While the majority services present rates derived from the above-given factors, there is clear to be surcharges to add fuel charges. You must consider and appreciate every these aspect prior to choosing your International Freight Shipping Services. These services that can handle every the logistics of shipping your merchandise
Service freight serves to transport from one place to another a certain merchandise. This service is part of an entire logistics chain, which is responsible for placing one or more products at the time and place specified destination. The cargo is part of the distribution chain, because it meets the
Fast-Movers Logistics was initiated with the aim of change the existed trends on the market offering courier services within the major cities of the United States. Apparently, the demand for courier services has increased in recent years due to the growth in popularity of online and other forms of virtual retailing. More people are being accustomed with the practice of purchasing various
Fast-Movers Logistics was initiated with the aim of change the existed trends on the market offering courier services within the major cities of the United States. Apparently, the demand for courier services has increased in recent years due to the growth in popularity of online and other forms of virtual retailing. More people are being accustomed with the practice of purchasing various goods online and the demand for the goods to be delivered to them within the shortest time that has never been higher. The
TECHNOLOGICAL – The advancement in telecommunication and internet technologies have enable many Shipping firms to trade and offer their services online. With just a click of a button, we are able to get information about the routes they serve and for customers a timely updates of the whereabouts of their cargo.
From the day of its inception, the Bangalore branch generated more sales and profits than any of the other branches. The company had a high market penetration and a good freight market covering customers from all bases such as light engineering, Electronics, Garment & Producers of Flori culture/Agro sector located in & around Bangalore & the rapport the Management at the Bangalore Regional HQ possessed with highly qualified and competent team in the Domain business knowledge of Freight Forwarding services covering all products viz; Air Freight & Sea Freight(LCL&FCL), with their cumulative presence in the Market for more than 2 decades and the strong Sales & Operation team it had developed.