Factors related to freight forwarding in logistic company and supply chain management.
FACTORS RELATED TO
RAJESH KR ROY
WHAT IS FREIGHT
Freight forwarding is a service used by
companies that deal in international or multi-
national import and export. While the freight
forwarder doesn't actually move the freight itself,
it acts as an intermediary between the client and
various transportation services. Sending
products from one international destination to
another can involve a multitude of carriers,
requirements and legalities.
Freight forwarding services guarantee that products
will get to the proper destination by an agreed upon
date, and in good condition.
The freight forwarding service utilizes established
relationships with carriers of all kinds, from air
freighters and trucking companies, to rail freighters
and ocean liners.
Freight forwarding services negotiate the best possible
price to move the product along the most economical
route by working out various bids and choosing the one
that best balances speed, cost and reliability.
Expertise- Degree of expertise in
providing relevant services.
Customization- Ability to meet unique
Flexibility- Ability to provide both air
and sea freight services.
Additional logistic services- Ability to
provide a wide range of services.
Reliability- Reliability of the IFF's
Meeting Deadlines- How well the IFF
meets pickup, delivery and distribution
International Deployment- No. of
branches/offices worldwide; no. of
countries in which the IFF is
Quality certification- How well the IFF
meets ISO 9002 and IATA and FIATA
Experience- Years of forwarding activity.
Company size- No. of IFF company
Information availability- The ability to
access/interface with the IFF's
Reliable information-The reliability of
IFF's information systems.
Online pricing - The ability to receive
price quotes over the Internet.
Reports tools- The customer's ability
to produce status reports
Competitive prices- Ability to offer
attractively priced services.
Taxation- Ability to minimize the
customer's tax payments.
Classification retention- Ability to
create a customs classification data