The Truth About Shipping Technology and Supply Chain Visibility

In the shipping business, it was once an extra to have shipping technology which supplied supply chain visibility, but it’s become a must in a now competitive and shipping software run industry. Not everyone knows exactly what it means to have complete supply chain visibility, however, so what is supply chain visibility and just how does shipping software help it? You may have learned this stuff about supply chain visibility, so let’s figure out the truth:

Supply chain visibility in a glance

It’s pretty much exactly what it looks like. Utilizing quality shipping software or auditing systems, you’re given awareness over all your shipments through openness of shipping data, organizing, and auditing, and all involved parties gain access to this information: you can plainly view the entirety of your shipments from end to end.

For comprehensive visibility you have to be in a position to trade data around different systems, like shipping data and freight deals to implement the best logistics management strategies you can. How your business and systems connect to your shipping partners along with their system is the number one factor in achieving real visibility so that you can discover how you can save money shipping.

Can a business continue to be competitive without having supply chain visibility?

The quick and candid response would be no. Well, it isn’t really impossible for a shipping business to function without supply chain visibility, but they are more prone to be eliminated or surpassed in the freight or parcel shipping industry by more efficient companies. Merely staying in business differs from being competitive, and supply chain visibility is essential as of late to be able to keep a competitive edge.

Shouldn’t shipping software and visibility be a much more popular strategy?

Unfortunately, a lot of companies aren’t loaded with the proper shipping software and auditing services. Though proper supply chain management and supply chain visibility has been an acknowledged issue for decades, EDIs, manual spreadsheets, etc. aren’t good enough for visibility reliable enough to continue to be competitive. The best supply chain management and visibility option is to use a transportation management system (TMS) and auditing solution.

What does not having visibility mean for a business?

One of the things that can take place is serious damage to a company’s name. About 33% of consumers in the United States put the blame for stock-outs on the store. This gives an adverse influence on long-term consumer retention and brand loyalty. In addition, it will directly injure a company’s bottom line, creating both urgent and extended issues which are hard to remedy.

Where does responsibility for those effects fall?

The real issue ought to be about solving the problem by updating your shipping technology and auditing methods, not setting blame. You can’t position the blame on retailers when 75% of shippers report that their visibility tool doesn’t integrate with their shipping technology, and only 39% of shippers gather data with visibility systems in the first place. There’s just no way to prevent stock-outs without the ability to make radical decisions according to real-time data exchanges.

Approaches to fix the problem

Businesses must find solutions that would provide them with end-to-end supply chain visibility. While legacy systems remain, businesses must invest into transportation management systems and auditing solutions that can operate on both old tech like EDI, and newer technology like API.

API is a wonderful technology for shipping software as a way to join suppliers, shippers, carriers, etc. with real-time transportation data so that they can make better decisions for their logistics management.

You can save money shipping with thorough visibility and improved logistics management, just by embracing more progressive shipping software like a TMS capable of working with both EDI and API.

Shipping TMS delivers transportation software and logistics management services. Transportation industry leading parcel and freight shipping management software helps save money shipping and get cheap shipping rates to improve supply chains.

The Paramounted Importance of Critical Analysis in International Trade Policies

International trade is largely based on the constant fluctuations in the world-wide economy, this resulting in constant changes with regards to tariffs, trade subsidies and unending amendments of regulations with regards to international trade. “Trade policy and economic Growth”, a paper by Keith Maskus, PhD, focuses on the relationship between trade policies and the growth of the economy or lack thereof, the main point of interest of the paper was to establish whether the variance of trade policies will affect the economic growth of any country. The conclusion reached was that open economies tend to grow faster than closed economies, ceteris paribus. therefore concluding that open competition is good in the sense that it improves resource distribution and the country gains in Investment and innovation.

An organisation that is involved in international trade has to pay special attention to such information. There might not be any countries with closed economies however there are countries that have low imports to the point that they are regarded as closed economies for instance Brazil. In 2011 Brazil recorded 13% as its import percentage which was quite low for a country of its stature. Is it not then imperative to constantly be up to date with changes in the trade policies of countries one is interested in pursuing trade relations with? since there is a proven positive relationship between the openness of an economy to competition (thus meaning the country is greatly involved in trade) and the growth of that country`s economy, this serves as an indication of how lucrative and profitable a business venture would be under such circumstances. The Critical analysis aspect then comes into play by determining how much gain or loss would result from substantial changes to the policies, which are measures and instruments that can influence export and imports, the objective being the policies influence the trade sector to the result of profit for the business venture. one might feel a degree in commercial management is then needed in order to fully understand all the kinks and edges of the international business, and they would be right, but the eventuality is that it will always boil down to intelligence and efficiency in the analysis of trends, calculation of potential profit/loss, predictions of future stability or fluctuations in the world economy prompting changes to prices in the trade sector.

There is one other important factor that can alter potential business plans, and that is the politics of the country in question, policies are easily influenced by the politics of the nation, and it is thus advisable that critical analysis be also engaged, this results in better understanding of the country and its stability thus reducing the chances of incurring a bad business eventuality. Nations are not governed by robots, unfortunately, but are governed by people with interests and human nature desires to differ from individual to individual making it difficult to maintain a constant effective system. if politicians are elected they tend to focus on altering policies for their own benefit, and the benefit of those they promised (if there are still honest politician available) from that point it is important that international business consider such factors before pursuing business. Prime examples being, whenever there are strikes in South Africa investors tend to shy away, and most of the strikes are birthed from political influence, thus deeming South Africa an Unstable nation to invest in, or Zimbabwe a nation sanctioned, due to political infringements, making the country undesirable for investment irregardless of the profitability of the business idea. It is thus an excellent idea to firstly research in-depth to the politics of the country before hand and invest with,much-needed information, guiding the innovative decision made.

Internet Marketing – How to Start As a Beginner

Internet marketing is like every other businesses, except that internet marketing is done strictly online without need for any physical transactions or physical contacts with buyers.

As the internet marketing business is now thriving like never before, more people wish to establish them themselves in this business. Internet marketing involves the buying, selling and distribution of a product or service on the Internet. Internet marketing has, over the years, become one of the most dynamic and fastest growing businesses throughout the world. The main reason for this growth is its availability in the world to millions (if not billions) of people. It is not easy to learn the basics of Internet marketing. However, it is also not beyond the beginners’ ability to learn rapidly: anyone with passion to do successful business on the internet can do this.

Basically, there are four areas we need to look at:

Website Design

Designing a website is one of the basic skills you must possess before becoming an internet marketer. It used to be a requirement to have knowledge of HTML, CSS, XML, and other web design software languages. If you do possess these skills, you are be able to create websites according to your precise specifications. Apart from having these skills, you can join a website design platform (of which there are too many to go into here). These often have “drag and drop” templates. This will allow you to put up a very attractive website in almost no time at all.

These website templates are straight forward, and most have been designed for people who do not have the technical “computer language” skills to do their own programming. If the design of a website is not something you are good at, you can hire a good web designer to do the job for you.

Software Development

The development of software is another category in Internet marketing business. In this category, you develop a tool (or software) according to a customers’ specifications and preferences. This is a difficult task because it requires complex inputs (and something simple like a single comma instead of a period will actually stop the software from working)!

Development of websites is an easier skill to master than this. Some blog or website owners do require the service of software/apps developers from time to time. If you have this type of skill set, you can make good money by offering this service to customers across the globe. Such development may also include setting up the contents of websites, helping people with affiliate marketing, blogging, etc.

Advertising of Products or Services

This is arguably the easiest of all internet marketing techniques. Advertising uses techniques such as search engine optimization, as well as the use of popular blogs/websites to improve ad visibility. The ads are usually posted on websites that have greater use and get a lot of traffic. Examples of advertisements are visible on both Google and Facebook.

The skills to do this are easy to learn and even easier to set up. This type of marketing is preferred by many internet marketers over the website design and software development styles of marketing.

Truly, all you need do is learn how to set up a blog or website and begin to send traffic to it. Once you begin to receive a substantial amount of traffic, you apply to an Ads Company to advertise on your website. Google AdSense, Facebook ads, and propeller ads, are good examples for you to look into. Search engine optimization and the placement of banner ads are excellent examples of internet advertising.

Selling of Products and Services

Probably the largest and most popular way to begin a career in Internet Marketing is by selling a product or service. Selling on the Internet is the most searchable opportunity and is a precondition for any internet marketing business. Most direct sales companies are now tending towards using the Internet as well. You will find that the majority of my articles, blog posts and YouTube videos are centered around this niche of Internet Marketing.

Although there are many, many marketers in this niche (and you may think there is “too much competition”- but you would be wrong!) the opportunities are truly endless. Selling products or services is basically a strategy that can reach a larger audience with fewer expenses.

Sales are made using email marketing, social media and websites. The method of selling depends on the company and the type of business or products you are trying to sell, as well as different methods of approaching your prospective clients. You can sign up to offer products through one of the auction sites on the internet (such as Amazon or E-bay) and earn smaller commissions with less overhead. Or, you can offer products directly and cut out the middle man! You can develop your own products very easily and keep all the profits. Or sign up affiliates to market and sell your products for you and pay them a commission and you keep the profits from that! (We will get into this in later articles).