Building Strong Supplier Relationships in the Oil and Gas Industry: The Key to Successful Procurement The oil and gas industry is a complex and dynamic industry that relies heavily on…
A container yard (CY) is an area usually within a port where containers are stored and handled before being loaded onto or unloaded from a shipping vessel. Container yards are…
DAP Incoterm is a term used to describe a buy-sell arrangement where goods are delivered to a specific location, also known as the "named place". DAP is an acronym for…
When goods are traded internationally, the parties involved in the transaction must decide on the goods’ terms of sale. This can include information on the goods, the price, the date,…
A bill of lading is a document that is issued to a person or a company acknowledging the receipt of goods from a carrier. The bill of lading is used…
Do tonnes and tons mean the same thing? The short answer is no. But, we bet you want the long answer, so here it is. 1 tonne is the same…
What is Abandonment in Customs? Abandonment is the term used to describe the act of abandoning an entire shipment with the intent of not taking the risk of the shipment…
Sales and operations planning is a process in which you plan for the sales and production of products. It includes forecasting and tracking the growth of your company. It also…
Earnings before interest and tax (EBIT) is a common measure of profitability in a given accounting period. It is the measure of an entity's net income in a given accounting…
In supply chain operations, manual operations such as end-to-end time and cost calculations, checking routes on maps, comparing freight quotes, and searching for freight availability can take up a lot…
Last-mile logistics is arguably the most important stage in the entire supply chain. This generally includes receiving an order from a warehouse and delivering it on time to the right…
Optimizing the storage capacity of a warehouse is a delicate balance between using available space and maximizing productivity and profit. Every square centimeter of the surface area in a warehouse…
