Ship Smarter: 10 Strategies for worldwide success

Streamline, save, and strategize across every border with these action-oriented tactics that maximize efficiencies and performance.

10 biggest and fastest ways to save in global supply chains

1. Leverage cargo consolidation
   Few companies can fill a container with their own freight. Work with a freight consolidator to get better rates and increase cargo security.
2. Purchase cargo insurance
   Understanding the risks and purchasing the right type of insurance can help protect the value of the goods you ship globally. 
3. Benefit from transportation provider’s TMS
   Achieve continuous improvements in real time by using a provider that has a single system TMS architecture to cover all regions and types of transportation.

4. Redefine your shipping strategy
   Develop a plan to spend more on shipping but less on inventory, storage, returns, and other costs by shipping smaller quantities more frequently.
5. Create a risk management strategy
   Identify and understand the risk types, probabilities, and potential costs to buy the appropriate amount of ocean cargo insurance.
6. Integrate to a single TMS
   Integrate with a single transportation provider’s TMS to connect with suppliers and carriers globally, without having to integrate each one of them separately to your system.

7. Effectively use Incoterms^®
   These rules define the responsibilities of sellers and buyers for the delivery under sales contract, and they establish where the transfer of risk takes place. Understanding how to use them can help you save money.
8. Work with a customs expert
   A customs expert can help you navigate each country’s compliance requirements with their own specific set of customs rules, governmental regulations, VAT, duty rate calculations, and payment plans.
9. Leverage transportation provider’s BI
   Leverage your transportation provider’s business intelligence reporting and analytics to improve your supply chain performance.
10. Utilize PO management
    Manage shipment windows, work with overseas vendors to coordinate bookings, manage exceptions, collect and distribute documents, and provide reporting at the shipment PO/line item.