Posts by mzugovic
The Evolution and History of Supply Chain Management (And What That Means For You)
During the past 30 years, the supply chain has experienced a vast modernization that was once unimaginable. Technology — including transportation management systems and e-commerce platforms — has provided innovative solutions that have helped shippers thrive in ever-expanding global supply chains. Regardless, many shippers are still hesitant to invest in supply chain solutions and technology,…
Read MoreWhat Is Freight Class and How To Calculate It (Plus, Get Your Printable How-To Guide)
As a shipper, you probably have asked at one point or another “what is freight class?” You’ve probably even wondered “how to calculate freight class.” With everything that a shipper needs to know, it can get confusing. In this article, we cover everything you need to know about freight classes. What is freight class? Freight…
Read More6 Important Tips For Effective Logistics Management
Efficient management is the key to success, especially in supply chain management. There are various factors involved in effective logistics management — for example, automation and perfect coordination. But there is always a scope for improvising the logistics process. In times of growth, companies must find solutions to streamline logistics planning processes for improving output.…
Read MoreMeasuring Supply Chain Performance: 3 Core Metrics and 10 Soft Metrics
It’s no surprise that most supply chain managers consider cost reduction as a major key performance indicator (KPI). It makes sense. After all, cost savings can indicate greater overall efficiency in your operations. However, cost reduction is just one of the critical supply chain performance metrics. As an industry-leading third-party logistics (3PL) company, GlobalTranz is…
Read MoreWhat Is Full Truckload Shipping & How It Differs From Other Over-The-Road Modes?
Shippers face an onslaught of information in the digital age and often find it challenging to navigate the complex world of shipping.. In the modern era, it can be difficult for shippers to identify the best way to achieve cost savings, reduce risk and ensure optimal use of time in the procurement of transportation. What…
Read MoreFreight Bill vs. Bill of Lading: Knowing the Difference Is Key to Effective Logistics
To capture the most value from your logistics department, it is important you know the terminology from the industry. No matter what kind of enterprise you represent (manufacturing, distribution, any company that ships freight), shipping documents are part of a unified network of standards developed by logistics providers to help you get your freight from…
Read MoreReturn Merchandise Authorization: What Is RMA and Common RMA Policy Attributes
Despite best efforts and quality control solutions, there are times when a product does not meet the expectations of consumers, companies and buyers. And in some of those cases, the product will be returned. However, shippers do have an opportunity to educate themselves on the returns processes which includes RMA shipping . In doing so,…
Read MoreLTL, Volume LTL, FTL & Partial TL Differences
If you’re a shipper that hires a third-party logistics (3PL) company or works directly with a carrier to get your freight from California to North Carolina, there’s always someone behind the scenes working to put the pieces together. Whether you’re working with a 3PL or carrier, logistics analysts work to get you the best price…
Read More5 Advantages of Hiring a 3PL Provider for Outsourcing Logistics
There are a multitude of benefits companies gain by outsourcing logistics and supply chain management to a value-added 3PL provider. Third party logistics offers an all-in-one solution for assembly, packaging, warehousing, and distribution. Utilizing a 3PL provides businesses with a reliable logistics advantage and helps them maximize profitability through combined knowledge and resources. The following…
Read MoreShipper’s Interest Insurance & Cargo Liability Explained: How You Benefit & How To Get Covered
As a shipper, you’ve likely heard of cargo insurance and recognize it as a measure to protect your business from financial implications due to damaged, lost or stolen cargo. But there are multiple options — like cargo liability and shipper’s interest insurance — that offer varying levels of protection. One of the most well-known…
Read MoreTips to Reduce Safety Stock With Data and a WMS
Safety stock concerns continue to plague omnichannel supply chains. Omnichannel brought an influx of customers to businesses and led to an increase of products and SKUs shipped in multiple modes, in a myriad of ways. The basic supply chain model has evolved, and in response, supply chain leaders have increased the level of safety stock…
Read MoreReturn Merchandise Authorizations Benefits and Best Practices for Creating a RMA Process
Return merchandise authorizations (RMAs) allow companies to monitor and perform returns and exchanges for buyers. RMA processes exist to make the practice smooth for consumers. It also makes it cost-effective for the seller and faster for the financial system. However, not all processes are created equal, and you need to understand the benefits of having…
Read MoreFreight Insurance vs Freight Liability: Knowing the Difference For Freight Claims
This post begins our series on all things freight claims. We will first start with our education on the difference between freight insurance vs freight liability or limit of liability. We will then cover the basics of freight claims, followed by subsequent posts on how to best work with freight claims without spending too much…
Read More