Do You Have Bad Strategies or Bad Data? - Inbound
Finance, Big Data, Supply ChainShannon Vaillancourt is President, RateLinx, 262-565-6150Q: Why do most supply chain strategies fail?A: It comes down to data. Most companies have data quality issues. Companies make decisions with no data, partial data or, worse, misleading data. The misleading data is the worst because it looks right, but is inaccurate. Decisions made with incorrect data lead to no cost savings and compounding incorrect data throughout the supply chain.Q: What is the definition of data quality?A: A quick research project will reveal there are two definitions of data quality. Data is of high quality if:1. It represents the real world that it describes;2. It is fit for its intended use.Really, you have two criteria, not two definitions, because they are not mutually exclusive. For example, a freight invoice record may have the right data to calculate a rate. If you are talking with the accounts payable team, they would say the data collected is of high quality. The freight invoice has the origin, destination, ship date, weight, and miles. From a financial perspective, this data accurately represents the real world that it describes, and is fit for its intended use.When the supply chain department is tasked with finding a more cost-effective way to package their products, they ask the accounts payable team if they have high-quality data they can use to perform the transportation piece of the analysis. Based on our above review, the answer would be a resounding, "Yes."However, the freight invoice is missing data about the shipped product, so it can't be used to do a financial analysis based on changing the packaging of a given product. In this case, the data is unfit for its intended use.Q: What is the challenge of creating data quality?A: The challenge is the many different uses a company needs for what appears to be the same record. Back to our example, we have two departments with very different needs.Most companies ultimately create data silos. The accounts payable team will copy the invoice data and match it up to another shipment dataset with product information. The team sorts the data and "cleanses" it by actually removing assumed anomalies. As a result, the company now has partial data at best and misleading data at worst.Q: How can a company create data quality? What is the payback to having data quality?A: Bad data is estimated to cost companies more than $3 trillion annually in the United States. Companies have to create a data strategy that defines the different intended uses of their data along with the data elements required to fulfill these uses. With data-quality tools, companies can achieve 10:1 ROI or greater. The payback is enormous.
Multiple Terms of Payment
In foreign trade business, due to changes in the international environment and the actual transaction situation, when choosing terms of payment, in addition to settlement, we can also choose a multiple settlement to reduce the foreign exchange risk or to facilitate transactions. Today, let’s see some combinations of the settlement:
Door to door air sea freight forwarding service DDP china to Saudi Arabia Dubai delivery
To provide you with warehousing services can be shipped according to the orders of traders. Collection of payment for goods can help e-business customers to join the platform and open the door of Dubai Saudi Arabia e-business for you.
Railway freight from China to Poland
CHINA - POLAND CONTAINER RAIL TRANSPORT Along with the increasing interest of Polish and EU enterprises in the field of economic exchange with China, the demand for transportation of goods from China to Poland and vice versa. The VIPU company offers you an extremely convenient and fully optimized solution in the field of container transport from far Asia.
Q: How to start shipment with VIPUTRANS?
A:1. contacts your suppliers to arrange picking up or loading--> 2.Viputrans arrange customs clearance and send your goods on board 3.VIPTRANS issues invoice and copy of AWB or B/L for payment---> 4.VIPTRANS releases the cargo once all payment arrives 5.weekly report to update your cargo situation
SEA FREIGHT FROM CHINA TO RUSSIA VLADIVOSTOK ST.PETERSBURG
Vladivostok (VLADIVOSTOK) port code: RUVLA is located in the east of the Eurasian continent, the southernmost point of the Amur Peninsula St. Petersburg (ST.PETERSBURG) Port code: RULED is located in northwestern Russia, on the coast of the Baltic Sea, at the mouth of the Neva River,
Sea freight,Ocean shipment,FCL&LCL shipment
VIPU provide FCL, LCL and bulk carrier to North America, South America, Europe, Southeast Asia, Indian, Africa. We work with all major shipping liners which include MAERSK,ONE，EVERGREEN ,MSC, OOCL, COSCO, YML, CMA, WANHAI, and Hapag-Lloyd.We can handle shipment export from Yantian,Nansha,Shanghai,Ningbo,Qingdao,Dalian,Tianjin,Xiament,Hongkong.
Multimode To Moscow By Truck+air
On 10, May, 2019 VIPUTRANS arranged Multimode transportation with 20.5m length land truck and air shipping to Moscow for 120CBM communication products from China Guangdong. After VIPUTRANS Team optimization, it only took 4days to get Moscow by the cheapest and fastest way .The most important point is that catch up with terminal customers’ big project and save a large amounts of money.
Railway service from China to Tashkent Uzbekistan
With professional railway transport personnel, we can provide door-to-door railway transportation and a series of railway services such as LCL, FCL, chartering, etc. To date, our import and export products include 22 major categories such as auto parts, machinery, electronics, instruments, textiles, transportation equipment and animal/plant products.
SEA FREIGHT FROM CHINA TO EUROPE
Europe has many ports, and five important container ports are Hamburg in Germany, Rotterdam in Holland, Felixstowe in UK, Antwerp in Belgium, Le Havre in France. Almost all the goods are transported via these five ports. In addition, cargo from China to Bremerhaven, Arkhangelsk, Bergen, Amsterdam, Bilbao, Aarhus, Belfast, Alesund, Copenhagen, Dublin, Dunkirk, Gothenburg, Gdynia, Gavle, Helsingborg, Helsinki, Kaliningrad, Kotka, Kristiansand, Liverpool, Bristol, Oslo, Tallin, Palmas, Odessa and so on in Europe also popular which makes us the best freight forwarders.
What consequences does BIS system bring to India Market
Do you feel particularly bothered by your recent partners in the Indian market, especially those involved in the newly added products required by the BIS certification system? Maybe the customers who have been working together stably before will suddenly say to you: is your product in line with BIS certification now? If not, we may have to stop cooperation.