Pages Menu
Categories Menu

Posted on Jul 29, 2022 in Business Tips

Common Issues with Freight Agreements (And How to Avoid Them)

If you’re a freight forwarder or taking into account the possibility of hiring a freight forwarder, have an agreement that sets out the terms of the arrangement, including the services provided, payment schedules, and the consequences if something goes wrong in the import/export process. You’ll have to make a new agreement at some point, and the last thing you want is to get it wrong. That’s why it’s crucial to become familiar with the most common issues associated with shipping agreements. Here’s what you need to watch out for.

Pre-Negotiating Risk Transfers

Shipping issues are expected to linger well into 2022. It’s hard, if not impossible to move products amid the supply chain restrictions. The fraktavtal must clearly outline the liability of each side, mentioning who can be held responsible for any loss that occurs due to negligence or otherwise. The shipper is responsible for the origin costs, including export clearance and freight costs for carriage to a specific destination. It’s recommended to solve disputes ahead of time rather than argue who is responsible after issues have already arisen.

Freight Agreements Leave Little Room for Market Fluctuations

Freight agreements aren’t designed for disruption. You can’t hold a shipper accountable for a delay if other terms are listed in the contract. In terms of transportekonomi, this translates into uncertainty and higher shipping costs. The agreement will help you establish your position, understand what obligations have been breached, and what options are available to you. Delivery obligations must allow room for flexibility. Rebidding during severe market fluctuations isn’t an ideal situation. However, investing in retaining rebids can improve your company’s chances of winning.

Issues With Insurance Requirements

It’s not uncommon for freight contracts to include insurance requirements to compensate potential losses. More isn’t always better, just so you know. Keep in mind the benefit of using an established professional intermediary. It might be better to manage risks through your own insurance company instead of shifting responsibility. Determine and document the value of all cargo in case of loss, damage, or dispute. Clear communication at an early stage will allow all parties to adapt to the situation as it progresses. This in turn will help preserve business relationships.

 All in all, participants in the transportation industry place much interest in freight agreements, indispensable tools for managing risk. They are the cornerstone of the fraktupphandling process. Enforcement provides a means to ensure that promises made are committed by both parties. The consequences of failing to comply with the terms of the agreement can be severe. To make sure that you can collect compensation from a breaching party, reach out to an attorney.

The other party must show respect for the interest of others in the existing agreement. An environment of cooperation and dialogue must be created to make sure the terms are acceptable to both parties. As a result, a freight contract has to be revisited annually even if the scope of work doesn’t change. This increases the likelihood that the contract will make a positive business impact.

Read More

Posted on Jul 21, 2022 in Uncategorized

Learn How to Start a Transport and Logistics Business

Starting a transport and logistics business is an excellent strategic move, business-wise, given the constant need to ship various types of goods and items from one point to another. So, if you are considering this idea, you are on the right track.

Indeed, if you want to start a profitable and successful transport and logistics company, it is of the utmost importance to lay a solid foundation. This means building a company with a well-established business plan and supply chain strategy that are rock solid from the beginning. The seamless management of all your business operations is crucial in developing a business that is known for its effective deliveries and high-quality services.

For this reason, it is vital to acquire vast knowledge of this industry and conduct thorough research on what this type of business needs in order to perform well. If you need professional assistance, you may want to consult a fraktkonsulter to make sure that everything is well-put in place even before you launch your company and during its activity.

This being said, if you want to start a transport and logistics business, here are three things you should consider:

1.      Make Use of Digital Technologies

Nowadays, any company across all industries should invest in digital technologies, implement software programs, and use cloud solutions. Because today’s world has become more digitized, it is crucial to keep up with trends and consumer demands. Technology is an effective way of doing this. Plus, you can support productivity and ensure a seamless running of the company.

For many 3PL companies, it is necessary to get 3pl-løsning that can guarantee its processes are completed more efficiently, given the automation such solutions provide. So, investing in digital technologies has almost become a must.

2.      Encourage Open Communication Between Departments

Suppose your logistics and transport business doesn’t have departments that communicate openly and clearly with each other. In that case, the consequences of this could be major, such as delayed deliveries and loss of profits. For this reason, it is crucial to encourage open communication.

One effective method of supporting this is using digital tools and technologies that allow instant communication and support productivity. At the same time, good communications allow better management of all business operations and activities such as invoices, scheduling and tracking deliveries, and fakturakontroll transport.

So, it is necessary to be able to communicate well between departments so that each of them runs as seamlessly as possible.

3.      Invest In High-Quality Vehicles

It almost goes without saying, but it is of the utmost importance to mention the fact that a transport and logistics business must use high-quality vehicles. Depending on the size of the company, you will have to invest smartly.

If the business starts small, it is best to acquire a few high-quality vehicles that use the latest updates and technologies rather than purchasing a lot of them of lower quality. In addition, getting insurance for your vehicles is highly necessary. This way, in case there is an accident, your drivers and business are financially covered.

Read More

Posted on May 27, 2022 in Small Business

How Can You Control Your Transport Costs?

Transport operation management is complex, as it requires a combination of skills and job knowledge. Plus, you have to have the right attitude. Controlling the cost of transportation isn’t easy either. Freight costs account for a significant proportion of your company’s expenses. Taking into consideration the rising fees, you should look into cost-saving options. Lack of proper planning, transparency, and decision-making can drive overall costs to increase, failed deliveries, and lost business. You have to improve both supply chain and financial performance. Here are some ideas to consider—any meaningful cost reduction matters.

Invest In Dedicated Software for Freight Cost Management

What you need is a digital solution for financial follow-up, cost control, and shipping analysis. Freight cost management software helps you choose the best options for your needs. Carriers, forwarding agents, freight forwarders, and so on are in one place. They can proceed in a secure way about tariffs, purchases, and transport costs. The software is cloud-based. By including all transport costs together with booking, ordering, and purchasing, you can automate frakt kontering. You have a good overview of all activities supporting improvement. One interesting feature of dedicated software for fright cost management is fakturakontroll. Once the invoice specification is uploaded, the amounts are checked against the freight charges, and surcharges are calculated.

Change Your Shipping Speed

When it comes to speed, road transportation is similar to trains and sea freight. Road transporters have the liberty to use motorways at any time of the day or night. Don’t use excessive amounts of air freight. It takes more time to clear customs and prepare the necessary documents for transit. Better yet, look over your invoices and see what you’re paying for. Perhaps higher priority freight isn’t necessary. Indeed, it can save you two to five days of transit time on a shipment, but the cost isn’t worth it. Instead of doing everything possible to deliver the shipment at the earliest possible time, you should better change the actual speed of delivery.

Join Forces with Other Shippers

Have you ever considered joining forces with other shippers? If not, this would be the best time to do it. Collaborate with shippers near your distribution centers to integrate your freight with theirs. As well as sharing best practices, you can play an active part in the sustainability dialogue. It’s a win-win situation. The idea of joining forces with other companies is to secure the best value for transporting goods. Success relies on mutually beneficial contracts that are executed effortlessly. It’s paramount to invest time and resources in safety and good conditions for the personnel on board. As transportation players, it’s up to you to make sure transport activities are carried out responsibly. Maybe you should hire fraktkonsulter.

Depending on what niche you occupy, you have to invest in certain types of equipment and establish your rates. Choosing to work in another niche can turn out to be financially rewarding. For example, van transportation is regarded as a profitable niche. It’s easy to start and doesn’t require much investment.

Read More

Posted on May 27, 2022 in Business Tips

3 Things to Consider Before Opening an Office Space

If you have finally managed to start a business, then you know how challenging this can be. Laying the foundations of a company, regardless of its focus and market to which it belongs, and running it successfully are equally challenging tasks that can be pretty tricky at times.

Nowadays, having a hybrid or remote company is a normal way of conducting your business. Due to pandemic restrictions, there have been a lot of changes in behavior and paradigm shifts. For this reason, many individuals, as well as corporate entities, have started to see the advantages of employing a remote work practice or a hybrid model.

Therefore, if you choose to utilize the hybrid model, it is necessary to have an office space that suits your business’ needs. Alternatively, these work practices may not be fitted for the company you have started, in which case, you need to build an on-site presence and build a solid team of employees.

Your business needs an office space that accommodates the entire team and supports the operations. The office requires careful planning, from making sure you have stasjonært vakthold and services that promote safety to providing equipment so that your employees can work efficiently.

So, here are three things to consider before opening an office space:

1.      Find a space in the best location.

The first and one of the most important rules of real estate is “location, location, location”. This means that the area where you choose a residential and commercial space is at the top of your priority and should align with your needs and requirements.

When it comes to having an office, it is crucial to consider your business’ needs and where it is best to locate your company. You may need to be in an ideal place so that customers can access it easily, or you may want to be in a creative neighborhood if you think it helps your business. And don’t forget to know your budget well.

2.      Safety should be the top priority.

Once you have the office space, you must ensure it will adhere to health and safety regulations. But more than that, you need to make sure your employees will feel safe and comfortable. For this reason, it is crucial to use alarmtjenester and have things like burglar alarms in place so that everyone feels protected at all times.

Equally important is your comfort. This means that all the staff should feel physically comfortable in the office, so having a high-quality heating system or AC is crucial. Looking at top-notch heat pumps like Daiseikai is necessary. This way, everyone who works in the office will feel both safe and content.

3.      Create a healthy work environment

Apart from safety and comfort, creating a healthy work environment is essential. This aspect is vital whether you conduct business remotely or not. But if you have an office, you should plan on doing activities that support well-being. In addition, honest and open communication is an effective method of creating a culture and environment everyone wants to be a part of.

Read More

Posted on Jan 5, 2022 in Business Marketing

A quick guide on ERP implementation

An enterprise resource planning (ERP) system integrates several functions across a business, of which mention can be made of human resources, financial management, and sales and manufacturing. Each small business requires an ERP that is compatible with its singular business needs, customer base, and competitive profile. If you wish to create long-lasting change across your organization, keep in mind the following suggestions.

Research and select an ERP system

Not every ERP system will bring about the same advantages. This basically means that what worked for someone else might not work for you. Dynamics 365 Business Central might be the right solution for your specific business requirements. Not only is it flexible, but also it can be customized to suit any business need. Microsoft’s cloud-based ERP solution is aimed at small and midsized businesses. If you need help managing financials, shipping, manufacturing, projects, or services, it can lend a helping hand. At any rate, define your objectives and select an ERP system,

Choose a project manager

It’s a good idea to have a project manager for the ERP drift. You need assistance with planning and executing ERP implementation. A professional with the right expertise can guide you and your staff through the process, clearly explaining the roles and responsibilities. A project manager needs to have excellent communication skills and core competencies, such as negotiation skills. Look for someone with a post-graduate degree in business or information technology. Instead of controlling the playing field from a top-field position, you should better practice horizontal management and seek internal and external feedback.

Migrate business data

After you’ve found an ERP leverandør, don’t waste any more time and prepare for migrating business data. To put it simply, you have to transfer data from the original sources to the ERPs system database. Take a methodical approach. Inspect, extract, cleanse, and transform data before implementing it into the database. If the process runs smoothly, it will help you streamline operations. If ERP implementation goes bad, it will take a long time to fix the mistake. Take things one step at a time and don’t rush the process.

Test the ERP system

The ERP system is configured; now, all that’s left to do is to see if it works. Contrary to popular opinion, ERP isn’t just software and the vendor’s job doesn’t end by selling the product to the customer. Make sure that everything is working as it should. Testing will give you insight into the performance of the system and let you know if you’re ready to go live. If there are crashes and bugs, that doesn’t mean that the ERP solution isn’t well-designed. Check the system’s functionalities and make sure that reports and forms are generated and displayed correctly.

All in all, every project is unique and requires a pre-planned approach. Make sure your time and resources are involved in the ERP implementation process. You can’t afford to make a mistake. Conduct a well-planned training plan for your staff. They should be able to deploy the new system efficiently and effectively.

Read More