ICT IN FREIGHT FORWARDING for effective service delivery.ppt

The slide presentation covered basic needs in ICT for freight forwarders.

2. Introduction
ICT Basics
Role of ICT in Business
Freight Logistics
Parties to freight forwarding activities

3. Identify the role of ICT in freight forwarding
and the supply chain
Analyze the impact of ICT in freight Forwarding
Discover freight forwarding competitiveness
due to ICT

4. TEASER 1

5. W
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6. Overview of Global Trade

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15. Multinational Corporations tend
to export their output directly to a
global network of affiliates. These
overseas companies may be
dealers, distributors or agents;
they can also be products that buy
for their own consumption and
not for resale
Most product manufacturers are
also exporters
For international trade transaction recording
purposes, it is only important that the exporter
to be a resident of one country and the importer
be a resident of another. An export sale is
completed once the title has passes from
exporter to importer, an invoice has been
issued, an accounts receivable established, and
the transaction recorded in the international
ledgers of the countries involved
When is an export an export?
Exporter Importer

16. The Importer is the buyer or ultimate consignee
Exporters and Importers are usually well known to one another. This is especially
true in the case of multinational companies, where a U.S., exporter’s foreign
customer can be its own subsidiary or a joint venture partner.
No strangers here

17. The freight forwarder is to the exporter what a travel agent is to traveler. The
freight forwarder’s function is to arrange for the transportation of goods from
the exporter’s warehouse to the importer’s port of entry and/or warehouse
destination. It is also the responsibility of the freight forwarder to prepare all
export and shipping documentation on behalf of the exporter and to present
the documents to an international bank for collection

18. The customer broker’s function is to help clear imported merchandise through
local customs on behalf of the buyer. This includes the payment of all import
taxes abd charges and arranging for the transport of the goods to be buyer’s
facility. Large customs brokers and freight forwarders tend to be part of the
same multinational transport and customs service companies

19. International banks are designed to facilitate trade by helping exporters
expedite the flow of documents and payments. It is important that both
the seller’s and buyer’s banks have correspondent relationships. This
means that each bank may represent the other in specified transactions

20. The Common Carrier is the transportation firm that hauls the freight. Goods
move via truck, air freight, ocean freight, or through any combination of
these modes. Most shipments are now containerized or bulk/tanker shipped.
Greater speed and safety make air freight a very attractive alternative to
ocean freight, which often involves time consuming piggy-back transport
modes. Containerized ocean freight shipments are commonly used today
when air freight is not an option. Slower than air freight is not an option.
Slower than air freight, they offer the advantage of warehouse to warehouse
transport under a single freight bill

21. Double Click on the below video to learn the Documentation systems,
barriers in adoption of ICT in Nigeria and benefits of ICT in freight
forwarding.

23. ICT will continue to drive business processes
within the supply chain and freight forwarders
must keep pace in order to leverage on the
advantages that ICT provide.