May 26,2023
Logistics 4.0 Digital Transformation of Supply Chain Management
Suppose you are a business owner with your own logistics department/division, such as a logistics company, manufacturing/selling company, transportation service provider, e-commerce business, etc. In that case, you will have a great need to know about it. A freight management system will streamline the process of your freight operations and can save you a lot of time and money. In this article, we will discuss the definition, importance, types and benefits of freight management.
Definition of Freight Management
Freight management focuses primarily on the transportation and distribution of goods/cargo from the origin to the destination. It looks at arranging and executing the transportation of goods in the most efficient manner to ensure a seamless flow of products from the point of production to the consumer. Freight management encompasses booking, loading, transportation, and unloading of goods and all activities associated with this process.
Types of freight management
1. Road Freight
Road freight is one of the most common types of freight transportation and is carried out through land transportation such as trucks and vans. It provides easy transportation of goods between cities and villages.
2. Sea freight
Sea freight is one of the most important parts of global trade and transports large quantities of goods through ships. It is an integral part of international trade.
3. Air Freight
Air freight is one of the fastest forms of freight transportation, where goods are transported by aeroplane. It is used for the transportation of goods that require high speed, such as fresh products and urgent deliveries.
Importance of Freight Management
Freight management plays a vital role in the modern supply chain. Following are some of the importance of freight management:
1. Cost savings
Freight management helps to reduce an enterprise's transportation costs by optimizing the transportation process, choosing the most economical mode of transportation, and utilizing transportation resources wisely.
2. Improve efficiency
Through effective freight management, companies can better schedule and control the transportation of goods, thereby improving overall efficiency. This helps to reduce transportation costs, minimize delays, and ensure that products reach their destinations on time.
3. Reduced inventory costs
Freight management helps to optimize inventory levels as products are able to move more quickly according to sales and stocking requirements. This helps reduce inventory backlogs and associated inventory costs.
4. Improve transportation visibility
A freight management system provides real-time monitoring and tracking of the freight transportation process, which improves transportation visibility and helps resolve potential problems in a timely manner.
An efficient, scientific freight management software can greatly improve the efficiency of your business work, WallTech's CargoWare, in addition to providing software to help customers reduce costs and improve efficiency, is also committed to providing integrated technology and services to promote interconnection between customers, customers and platform providers, to achieve complementary strengths, and to work together to create an international logistics service products with common competitiveness.
About CargoWare
1. Massive usage and global access: currently, there are nearly 3,000 freight forwarding enterprises and 50,000+ professionals using it globally. So far, the volume of containers exporting from China processed on the platform accounts for more than 2% of China’s whole exportation.
2. Perfect data security
CargoWare relies on the world's most comprehensive and widely used Amazon Web Services (AWS), globally deployed cloud server clusters as well as a complete remote multi-line off-site disaster recovery program to ensure that customer data is always backed up. CargoWare adopts data encryption technology to ensure the security of cross-border transmission of data to protect the data from hacker attacks.
Freight management is an integral part of the supply chain. The use of a freight management system helps companies to optimize their operational processes better, improve efficiency, and reduce costs so that they can gain a greater competitive advantage in a highly competitive market. If you have any related freight management system needs or customization needs, you can contact us!
