Freight Factoring Research Paper

The company’s credit terms are 60-day, but it needs to pay its purchases within 30 days after purchase. Factoring would provide a short-term solution to reduce the gap between average collection and payment periods.

Shipping – The customer can create and start a shipment online, calculate the time and cost for the shipment, schedule pick-ups, and create returns and imports.

Running a Freight forwarding business is really a hard work . Employees are indeed very important when it comes to business because the objective of the business’ success depends on the employees performance , a poor performance is a detrimental to a company’s success. It is important for a manager/owner to have a well-rounded approach to manage and a coaching work force for their team . We realize that teamwork is a big part of success , it’s impossible to reach your goals when you are alone , in life you need someone who will help you and be with you along your journey . It is true that “Teamwork makes the dream work”.

The correct GAAP method to account for freight costs is as an expense of Cost of Goods Sold (COGS) that occur at the time services are performed and completed. This is a cost of conducting on-going operations (in-bound supplies, distribution and re-distribution). The freight costs should be expensed as occurred which will be at the time invoice is received and

Holden E. (2007). Achieving Sustainable Mobility : Everyday and Leisure-Time Travel in the EU. Ashgate Publishing Group. HYPERLINK "http://site.ebrary.com/lib/apus/docDetail.action?docID=10211207" http://site.ebrary.com/lib/apus/docDetail.action?docID=10211207

The right freight factoring company can therefore provide you with ready money as well as arrange to collect the outstanding dues. Therefore, you can get instant cash to run your business, even as you provide credit to your clients. You can thus

In transportation logistics what is importance/interplay of the BILL OF LADING AND FREIGHT BILL? (10)

The consumers are conditioned and influenced by past experiences. This strategy the consumer feels like they’re paying less for the products by separating the shipping costs, especially if they are conditioned not to pay shipping costs.

I don’t think it’s just a matter of building up the inventory. All you are doing there is trading the cost of higher freight bills for the cost of keeping a larger inventory. It’s not just building the inventory, its accurately building the inventory through better forecasting.

As this table illustrates, many of the stakeholders are similar. However, there are significant differences in the asset providers and those entities with a direct financial interest. This variance drives major differences in the evaluation of investment in projects in either area, freight or passenger transportation. In freight operations, most often the assets are provided by private firms with a direct interest in the operation of freight transportation services on the asset. In most passenger transportation systems, the asset provider is a public entity, such as a transit authority.

‘there are two types of factoring: recourse factoring, where an entity obtains a loan based on the amount of its debtor balances and non-recourse factoring, where the debtor balances are sold to a factor and the factor then takes responsibility for dealing with them. Factoring is a convenient way of obtaining ready cash but either the interest rate on the loan or the discount on the invoices may be high’, (2010:437).

UPS Trade Direct Air. Improves international supply chain efficiently by accelerating speed to market and increasing control.

Another factor Service refers to fast processing of documents, bill of lading and prompt loading and movement of containers etc. It is rather difficult for customers to get better quality of service than getting competitive freight rates. In this world of technology every company is trying to adapt to new technology in their day to day businesses like e-processing of documents and fastest data entry to name a few. Maersk is so technologically advanced in this field that all its data processing is being done electronically by back office and customers are able to access all information relevant to shipment though dedicated space available on company website. Examples electronic processes are shipping bills, vessel certificates, freight invoices and bill of lading in encrypted format once the payment is done by customer either electronically or at Maersk local office. Companies like APL and MSC do have electronic processing systems but are not fully fledged and as a result much of the work is still being done manually.

This report will analyze the Supply Chain and Logistics Industry in the United Arab Emirates during the last five years. The tools and techniques used for this analysis shall be PESTEL and PORTER’S 5 forces. Further this report shall discuss about the Industry type based on the competition existing in the market and its current phase in the Industry cycle.

In the vast industry that is transportation and logistics management, has a lot of influence on the economy of the United States. One of the reasons for the close connection of the industry and U.S economy is because of globalization, and in the content of this paper we will examine different segments of the industry, and how they affect the economy in different ways. Addressing specific segments of the industry tells us just how important each segment is to the economy, instead of speaking of the industry in general. Throughout this research paper we will be looking at five specific transportation and logistics operation within the industry. The airline industry is very important to the many cities within the United States, creating a number of jobs because of the ability that airports have to connect cities to the rest of the world. Job created through the air transport systems that help boost a cities economy is tourisms and airport jobs, which can help to transform a city. The cruise ship industry also help boost cities, which operates port of call for the cruises that operate from them. Cruises also generates many jobs in the tourism sector as people sometimes have to fly and overnight from different cities to board these cruises. Another major factor that is affecting the industry is globalization and how it is able to create jobs and help improve the economy. Other areas in the transportation and logistics industry that has an affect on the economy is the overuse of