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Freight Management
YOUR PATHWAY TO SUCCESS
This 5-day course provides a comprehensive understanding of freight management principles and practices. Participants will explore the critical role of freight management in optimizing transportation operations, controlling costs, and ensuring efficient movement of goods throughout the supply chain.
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Course Duration
5 Days
Enroll By
Every Week
Course Type
Online/ London
Course Details
This 5-day course provides a comprehensive understanding of freight management principles and practices. Participants will explore the critical role of freight management in optimizing transportation operations, controlling costs, and ensuring efficient movement of goods throughout the supply chain. The course covers core concepts such as freight procurement, carrier management, freight consolidation, freight tracking, and freight claims. Through real-world case studies and interactive exercises, learners will gain insights into how leading companies manage their freight to achieve cost savings and improve service levels.
The course emphasizes the importance of strategic freight management and the integration of freight operations with other supply chain functions. It explores various freight management strategies, including carrier negotiations, mode selection, and technology utilization. Participants will learn how to analyze freight costs, select carriers, optimize freight routes, and utilize freight management systems (FMS) to improve freight visibility and control.
By the end of this course, learners will be able to:
- Understand the key functions of freight management.
- Procure freight services effectively.
- Manage transportation carriers.
- Consolidate freight shipments.
- Track freight and ensure visibility.
- Manage freight claims.
- Freight managers
- Logistics professionals
- Transportation planners
- Supply chain managers
- Procurement professionals
- Anyone involved in managing freight operations
Course Outline
5 days Course
- Introduction to Freight Management: Scope and Importance:
- The role of freight management in the supply chain.
- Freight management objectives and KPIs.
- Freight cost components and cost drivers.
- Freight regulations and compliance.
- Case study: Analyzing the freight management strategy of a successful company.
- Activity: Group discussion on the challenges of freight management in different industries.
- Freight Procurement and Carrier Management:
- Freight procurement strategies: RFQs, auctions, and direct negotiations.
- Carrier selection criteria: Cost, service, reliability, capacity, and safety.
- Negotiating freight rates and contracts.
- Managing carrier relationships and performance.
- Practical exercise: Developing a freight procurement strategy.
- Freight Consolidation and Routing:
- Freight consolidation techniques: Pooling, cross-docking, and milk runs.
- Route planning and optimization: Considering factors such as distance, time, cost, and traffic.
- Using routing and scheduling software.
- Practical exercise: Consolidating freight shipments and planning optimal routes.
- Freight Consolidation and Routing:
- Freight Tracking and Visibility:
- Freight tracking technologies: GPS, RFID, and barcode scanning.
- Real-time freight visibility and exception management.
- Communicating freight status to stakeholders.
- Case study: Implementing a freight tracking system.
- Freight Tracking and Visibility:
- Freight Claims and Freight Management Systems (FMS):
- Freight claims process: Filing claims for damaged or lost freight.
- Preventing freight damage and loss.
- Freight Management Systems (FMS): Functionality and implementation.
- Emerging technologies in freight management: AI and machine learning.
- Activity: Group project on developing a freight management plan.
- Freight Claims and Freight Management Systems (FMS):
