Cargo ships are massive vessels that must be built to safely carry goods across the world’s waterways. But like many things, such as seaworthiness and who is a liability for damage to property or life can be pretty complicated. Cargo ships are considered seaworthy if they can show they meet international standards for seaworthiness. As…
Today, some container ships are so large that they are longer than four football fields. These same ships are loaded with thousands of containers filled with products. A shipping container ship can float with all the weight of the containers because of the principles of buoyancy and flotation. Because these principles depend upon weight balance,…
If you want to send goods from one place to another, most people will use the words freight, shipment, and cargo for the goods being shipped. These words are used interchangeably to mean a product goes from one point to another. The words freight, shipment, and cargo can mean the same thing, but there are…
Almost all companies and organizations must be concerned with purchasing goods and services if they’re part of the global supply chain. In other words, their inventory procurement. Inventory procurement is the process of identifying suitable suppliers for a company. As procurement is a strategic process, inventory procurement will also work with suitable suppliers and manage…
When you are involved in the global supply chain, it is good to understand some of the different procurement terms used. Direct and indirect procurement as two aspects of the procurement process. Direct procurement is something that a company needs to purchase to help them manufacture goods that they sell to their customers. An indirect…
Many small businesses worldwide are not ready for disruptions to their supply chain. Yet, at the same time, over 70% of all companies are somehow involved in the global supply chain. Supply Chain mapping is documenting information across your company’s stakeholders. It is about looking at all the stakeholders and also the function of each…