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Complete Guide on Freight Benchmarking

Complete Guide on Freight Benchmarking

Freight benchmarking is a game-changer for shippers looking to secure the best rates, whether shipping by air or sea. Traditional negotiation methods, with their endless calls and emails, make it hard to consistently get competitive prices. But with digital automation, the process has evolved. Modern Logistics Resource Management platforms allow you to share inquiries with…

Procurement of freight rates post-COVID

Procurement of freight rates post-COVID

One of the biggest challenges faced by supply chain professionals around the world, in light of the ongoing pandemic is its adverse effect on global freight rates. Owing to the fluctuations in supply and demand, securing reasonable freight rates has become even more difficult than before.   At the peak of the impact of coronavirus, there…

Container shipping stages rebound after COVID-slowdown

Container shipping stages rebound after COVID-slowdown

After a six months-long roller coaster ride that began with the coronavirus outbreak in China and rapidly ravaged global trade, signs of recovery have at last started showing.  From the time stalled shipments, skyrocketing freight prices and blank sailings had become a common occurrence, container shipping activities have staged a relative rebound in recent months. …

Container tracking in the post-COVID world

Container tracking in the post-COVID world

With the current pandemic exposing the fragility of the global supply chains, it has become more imperative than ever to adopt a system that enables real-time container tracking. Investing in automated monitoring equipment for tracking exactly where your containers are has become as important as shipping those same containers. At the Digital Container Summit that…

What is a Bill Of Lading?

What is a Bill Of Lading?

Exporting and importing goods can be quite overwhelming given the number of intricacies, documentation, formalities and above all, money that is involved in the process.  A document that plays a vital role in making sure that your freight is delivered on time, in the right condition and acts as a document of title to the…

5 reasons to choose GoComet over other LRM platforms

5 reasons to choose GoComet over other LRM platforms

The ongoing pandemic has yet again highlighted the value that digital automation technology can provide to global supply chains. At a time when managing your logistics has become a turbulent experience, investing in a Logistics Resource Management platform that best suits your company, can help streamline your operations and boost business.  However, in a market…

Freight Invoice Errors – hidden costs affecting your bottom-line

Freight Invoice Errors – hidden costs affecting your bottom-line

Freight audit and payment may not be the first things that come to your mind when you analyse your expenses. However, they play a major part in running up unnecessary costs for your business. More and more companies are heeding the implications of a very important question, “Why should you reconcile your freight invoices?”  Until…

Why should shippers benchmark freight rates?

Why should shippers benchmark freight rates?

Driving cost savings in today’s fast-moving supply chain industry has become quite a challenge in light of unforeseen events, fluctuating rates, and ever-changing supply-demand dynamics. For you to better manage costs, determine the best possible trade lanes for each shipment and drive savings, freight rate benchmarking has become a necessity.  Irrespective of whether you are…

Benefits Of Automated Freight Invoice Matching

Benefits Of Automated Freight Invoice Matching

Digital transformation in the field of Accounts Payable has been tough to carry out, given that invoice operations are inherently complex and place a lot of dependency on human effort. As with any other technology, this is just another hill to climb in the right direction.  Reducing the burden on manual labour, minimising errors, identifying…

Fight Uncertainty With Live Shipment Visibility

Fight Uncertainty With Live Shipment Visibility

With the market being as volatile as it is, unforeseen disruptions at every stage in the supply chain have become a common occurrence,  emphasising the need to build resilient and agile networks that facilitate quick response and minimise risks.  Due to the ongoing pandemic,  heavy restrictions on transport and labour have thrown a huge spanner…

How transparent is your freight negotiation process?

How transparent is your freight negotiation process?

Shipping goods internationally, especially on a large scale, can be quite a task. While dealing with international shipments, logistics teams are faced with three fundamental questions:  Which freight forwarder is the best fit for their business? Who among all the interested freight forwarders, is the most reliable?  And most importantly, how can they get the…

Should you buy LRM software? Logistics Resource Management- GoComet

Should you buy LRM software? Logistics Resource Management- GoComet

The global pandemic has highlighted the value that Logistics Resource Management (LRM) platforms provide to export-import-oriented companies. For organizations considering LRMs for the first time or an upgrade of their current solutions, should they invest in building a customized, in-house platform or buy a ready-to-go, off-the-shelf software? Here are some of the factors to consider,…

6 Things to Consider When Choosing a Freight Forwarders

6 Things to Consider When Choosing a Freight Forwarders

When it comes to organisations that ship goods internationally, dealing with freight forwarders is not a one-time transaction but a part of the business itself.  As a shipper, it’s crucial that you choose the right forwarder as they bridge the gap between you and your customer,   making the import and export process seamless.  But…

5 Reasons to Adopt an Automated Shipment Tracking System

5 Reasons to Adopt an Automated Shipment Tracking System

As COVID-19 continues to disrupt global supply chains, knowing exactly where your shipments are has become more crucial than ever before. The traditional way of tracking shipments is tedious, time-consuming and ineffective, to say the least. Industry studies show that tracking about 500 shipments every month on the sites of about 7-15 shipping lines alone…

12 ways to reduce freight costs immediately

12 ways to reduce freight costs immediately

For organisations that ship goods internationally, shipping cost accounts for a significant expense and its dynamic nature makes it close to impossible to spot opportunities for driving cost savings. Especially for businesses that are inventory intensive, logistics cost plays a crucial role in determining profitability.  However, there are several practices you can deploy to beat…

How to win in today’s spot market with GoComet’s RFQ software

How to win in today’s spot market with GoComet’s RFQ software

With cost-saving strategies more important than ever, companies around the world are facing a situation where faltering contracts and a widening gap between container demand and supply is forcing them to turn to the spot market to fulfil shipment orders.   For organisations with hundreds of shipments per month, suddenly having to manually create, compare and…

Technology for Real-Time Visibility in Shipment Tracking
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Technology for Real-Time Visibility in Shipment Tracking

Real-time tracking is an integral part of this process, having so many players moving your freight effectively takes the control away from your hands. The question here is—What exactly is going wrong with your distribution, and how significant a role does real-time visibility play in this picture? In today’s fast-paced freight world, more and more…

COVID-19: Six key takeaways for the freight ecosystem

COVID-19: Six key takeaways for the freight ecosystem

The COVID-19 menace has become a catalyst for organizations across the world to revisit their supply chain networks, examine its vulnerabilities and build resilience.  As your business gears up for the world beyond coronavirus, you might be facing questions such as how to emerge stronger from this crisis? How to maintain business stability in the…

Optimising Your Freight Negotiations

Optimising Your Freight Negotiations

Today’s dynamic logistics and supply chain environment requires strategic planning; execution of strategy; measurements to goals; analysis against industry benchmarks; and continuous improvement. However, negotiating quotes for your freight remains a static process. Freight procurement via an RFQ (Request For Quote) is plagued with inefficiencies when done manually. With logistics operations accounting for nearly 95%…