Logistics Industry Terminology Explained

Logistics Industry Terminology Explained

This article provides a detailed analysis of important professional terms in the logistics industry, including procurement personnel, hazardous materials shipping processes, breakbulk cargo, customs inspection, and customs documentation. Through the interpretation of these professional terms, the article aims to help readers better understand the complexity of logistics operations and the specific operational processes involved.

Mastering the Six Key Elements of Inventory Management to Enhance Efficiency and Reduce Costs

Mastering the Six Key Elements of Inventory Management to Enhance Efficiency and Reduce Costs

This article explores six key elements of inventory management, including physical inventory, available inventory, incoming inventory, in-transit inventory, supplier inventory, customer inventory, and line-side inventory. It aims to help readers scientifically understand inventory dynamics, enhance the efficiency of business procurement, production, and resource allocation, ultimately leading to a reduction in operational costs.

07/23/2025 Warehousing
Read More
Port of Los Angeles Funds 57M Zeroemission Incentive Program

Port of Los Angeles Funds 57M Zeroemission Incentive Program

The Port of Los Angeles has launched a $57 million green transportation incentive program aimed at supporting the procurement of zero-emission cargo handling equipment and clean port vessels. This initiative is designed to reduce emissions and improve air quality while also boosting the local economy and job growth, setting a new benchmark for sustainability in the industry.

08/06/2025 Logistics
Read More
Efficient Contract Management Tips for Industrial Equipment Suppliers

Efficient Contract Management Tips for Industrial Equipment Suppliers

This article introduces the 'Model Contract for Turnkey Equipment Supply for Industrial Plants' launched by the International Chamber of Commerce. It provides a clear structure for equipment procurement, reduces transaction costs, and ensures efficiency and reliability. The contract covers key terms to maximize the interests of both suppliers and buyers, making it an essential tool for modern industrial project management.

Enhancing Warehouse Management Efficiency: Understanding Inventory Classification

Enhancing Warehouse Management Efficiency: Understanding Inventory Classification

This article discusses the classification of different types of inventory in warehouse management, including physical inventory, available inventory, inbound inventory, in-transit inventory, vendor inventory, customer inventory, and line-side inventory. Understanding these classifications helps improve the accuracy of procurement and production, reduces duplicate costs, and enables scientific warehouse planning. Clear inventory information is crucial for the success of a business.

07/14/2025 Warehousing
Read More
Marine Cargo Insurance Shields Global Trade from Rising Risks

Marine Cargo Insurance Shields Global Trade from Rising Risks

Understanding potential risks in maritime cargo transport is crucial for insurance procurement. These risks include natural disasters from the shipping process, such as severe weather, tsunamis, and earthquakes, as well as accidental events like grounding and collisions. Such risks can lead to cargo losses, making appropriate insurance essential for ensuring safety during transportation. This article provides a detailed analysis of this topic.

Amazon Hosts Spring Salon to Aid Crossborder Sellers

Amazon Hosts Spring Salon to Aid Crossborder Sellers

Buyun.com will host the Amazon Business Spring Salon in Shenzhen on February 27, 2025, aiming to help cross-border e-commerce sellers unlock the secrets of enterprise-level order procurement and double their orders. The event will invite Amazon official managers, brand team managers, and lecturers to share BTD models, order doubling strategies, and release exclusive welfare policies for sellers, providing interactive communication opportunities.

China Eximbank Boosts Shipping Sector with Financial Innovation

China Eximbank Boosts Shipping Sector with Financial Innovation

The Export-Import Bank of China supports Mediterranean Shipping Company's procurement of Chinese shipping containers through export buyer's credit, deepening their cooperation. The bank's innovative "China Model" ship financing solution provides financial services for foreign shipowners ordering Chinese ships, promoting the export of high value-added containers and upgrading the shipping industry chain. This enhances the international competitiveness of Chinese manufacturing by facilitating the export of ships and containers.

09/26/2025 Logistics
Read More
US Manufacturing Struggles With Tariffs Slowdown Supply Chains

US Manufacturing Struggles With Tariffs Slowdown Supply Chains

The US Manufacturing PMI continues to decline, with tariffs casting a long shadow. Businesses need to actively respond by diversifying procurement sources, improving efficiency, differentiating their products, and expanding domestic demand. Only by doing so can they seize opportunities amidst challenges and reshape their supply chains. The persistent downward trend in the PMI, coupled with the ongoing tariff pressures, necessitates proactive strategies for manufacturers to navigate the evolving economic landscape and ensure long-term resilience.

Postal Reform Act Aims to Transform US Logistics Sector

Postal Reform Act Aims to Transform US Logistics Sector

The US Postal Service Reform Act aims to improve USPS's financial standing by relieving retirement benefit burdens, integrating healthcare, ensuring six-day delivery, and strengthening accountability. This act is crucial to USPS's 'Delivering for America' ten-year strategic plan. However, experts caution that the reform isn't a panacea, with challenges remaining in electric vehicle procurement, mail speed, and market competition. USPS needs continuous innovation and adaptation to market changes to achieve sustainable development.