A trade lane (or trade route) refers to a specific pathway along which goods are transported between two or more locations, typically across international borders. Trade lanes are established based on the flow of goods and the economic relationships between countries or regions. They encompass both maritime and air routes and play a crucial role in global supply chains by facilitating the movement of goods and fostering international trade.
Transit time refers to the duration it takes for goods or shipments to travel from their origin to their destination. It is a crucial metric in supply chain and logistics management, as it directly impacts delivery schedules, inventory levels, and customer satisfaction. Transit time encompasses the entire journey of a shipment, including transportation, handling, and processing at various checkpoints along the route.
Transloading refers to the process of transferring goods or cargo from one mode of transportation to another, typically from one type of truck or railcar to another, or from rail to truck and vice versa. This logistical practice is often employed to optimize transportation routes, reduce costs, and improve overall efficiency in supply chain operations.
A Transportation Management System (TMS) is a specialized software solution designed to streamline and optimize transportation and logistics operations within supply chains. It provides functionalities to effectively manage and control the movement of goods from origin to destination.
Transportation lead time refers to the duration it takes for goods to be transported from the point of origin to the final destination. It encompasses the time required for transportation activities, including loading, transit, and unloading, across various modes of transport such as road, rail, air, or sea.
A transshipment is the process of transferring goods from one transportation vehicle or vessel to another during their journey from origin to destination. It typically occurs at intermediary points along the supply chain route, where cargo is transferred between different modes of transportation, carriers or vessels.
Twenty-foot Equivalent Unit (TEU) is a standard unit of measurement used in the shipping industry to quantify the cargo-carrying capacity of container vessels. It represents the volume of a standard twenty-foot-long shipping container.
An Ultra Large Container Vessel (ULCV) is a massive container ship used on major trade routes, capable of carrying over 14,000 TEUs.
Vendor Managed Inventory (VMI) is a supply chain management strategy where the supplier or vendor takes responsibility for managing the inventory levels of their products at the customer's or retailer's location. In this arrangement, the vendor monitors the inventory levels based on agreed-upon criteria such as sales data or inventory levels, and initiates replenishment as needed.
Verified Gross Mass (VGM) is a term used in the shipping industry to refer to the total weight of a packed container, including its contents and packaging materials. It is a crucial requirement mandated by the International Maritime Organization (IMO) under the Safety of Life at Sea (SOLAS) convention to enhance safety in maritime transportation.
A floating structure with its own mode of propulsion designed for the transport of cargo and/or passengers. In the Industry Blueprint 1.0 "Vessel" is used synonymously with "Container vessel", hence a vessel with the primary function of transporting containers.
A vessel sharing agreement (VSA) is a cooperative arrangement between shipping companies that allows them to share space and resources on vessels for specific routes.
Vessel bunching refers to the situation where multiple vessels arrive at a port simultaneously or within a short period, leading to congestion and delays. This clustering of vessels can overwhelm port facilities, causing extended wait times for berthing, loading, and unloading operations.
A vessel call sign is a unique identifier assigned to a ship for radio communication purposes. It is used to distinguish the vessel from others in maritime communication systems, including VHF radios and satellite communications.
A vessel omission (sometimes called a port omission) occurs when a scheduled vessel does not call at a planned port during its voyage. This disruption means that the vessel skips the port entirely, which can impact the transportation and delivery schedules of goods.
In cargo shipping, vessel rotation is the planned sequence of port calls that a shipping vessel follows on its route to optimize cargo loading and unloading operations.
The timetable of departure and arrival times for each port call on the rotation of the vessel in question.
A journey by sea from one port or country to another one or, in case of a round trip, to the same port.
Warehouse utilization is a logistics metric that refers to the effective use of available warehouse space for storing goods and inventory.
Order for specific transportation work carried out by a third party provider on behalf of the issuing party.
Logistics yard management refers to the process of overseeing and controlling the movement of trucks, trailers, containers, and other vehicles within a yard or distribution center. This includes tasks such as scheduling, tracking, and coordinating the arrival, departure, and storage of these vehicles.
Drowning in emails? It’s time for supply chain collaboration software
In supply chains, communication is king.
Still, we all know what it’s like to feel an impossibly long email thread slip through our fingers, or to come to a chat late only to find more messages than you could possibly attempt to read.
Plus, any information received over email is at risk of being out of date the moment it is sent, and the time it takes to mine anything that’s relevant from the endless back and forths could be better spent actually solving problems.
And with over 50 million tonnes of goods moving every day across the US alone, how can we stop logistics managers getting themselves buried under tonnes of email baggage?
In broad strokes, all this communications baggage means inefficiency. And inefficiency leads to trouble in the form of higher costs, delays and missed revenue.
In fact, a recent survey by Deloitte found that C-Suite executives cited “lack of acceptable cross-functional collaboration” as one of their major challenges in the supply chain.
But there is a simple solution for those who find themselves drowning in emails. Supply chain collaboration software can put an end to the chaos of email threads with dozens of people in CCs.
The problem with communication in the supply chain
Supply chains are, by their very nature, connected entities. While the majority of work is done by individuals taking on specialized roles, their actions will have implications further down the chain. Thanks to siloed methods and time pressures, communication can be an afterthought: inconsistent, rushed, and prone to simple mistakes.
The complexity of modern supply chains doesn’t help this. The time zones, stakeholders, partners, tools and platforms are varied and vast, and often working at speed. Not to mention customers that expect to be serviced 24/7, to ever-tightening deadlines.
Outdated communication methods like email are just not cut out for it anymore.
Death to emails
The first email was sent in 1971, and by the 1990s had started to take over the workplace. It’s technology that is over 50 years old. No wonder it’s slowing you down. The world has moved on a lot since the heyday of email in the nineties, so it’s high time we did too.
Slow and unsteady
Workflows based around email communication are designed for the slower world of the nineties and early 2000s. It simply can’t keep up with the demands placed on a modern, 24/7 global supply chain.
The minute you take information from a tool or portal and put it into an email, it’s at risk of being out of date. To run an efficient supply chain in 2024 you need access to the most accurate, up-to-the-second global data - you’re not running at 1997 speeds, neither should the way your team communicates.
Lost in your inbox
We’ve all had information get ‘lost in email’. That’s because email is a communications silo. It can’t be connected to your other tools, so relies on accurate hand-overs, or for team members to be on top of every CC, which can quickly run into the hundreds.
This can cause the shipping version of the butterfly effect - one small mistake here, a lost message there, a mistyped email or a forgotten CC, which further down the chain can cause confusion, delays and even incorrect shipments or compliance failures.
Email chains can’t give you the full picture of what’s happening in your supply chain and can also impede visibility, affect your ability to prioritize, and make it difficult to hold partners accountable.
Supply chain collaboration software can do all these things, and more.
What is supply chain collaboration software?
By keeping all of your shipping data, communication and stakeholders in a single connected hub, Beacon’s supply chain collaboration software allows you to access the key information you need, exactly when you need it.
So you and your stakeholders can work together to quickly and efficiently respond to supply chain risks, disruptions and unexpected changes, knowing that the information you hold is timely and accurate.
How does supply chain collaboration software work?
The way platforms like Google Drive and Figma have enabled real-time collaboration in the workplace, Beacon Live Boards enable effective collaboration across your supply chain - making all information visible, shareable, accurate, and in one place. Allowing you to:
- Share real-time updates with the team members that need to know
- Create custom views for different stakeholders so everyone is only seeing the shipments that matter to them
- Coordinate responses to delays and disruptions using embedded comment and chat capabilities
Among other things, Beacon Live Boards are being used to:
- Schedule port pickups with road haul partners
- Provide warehouse teams an accurate view of incoming shipments
- Create a triage list of at-risk shipments
- Keep merchandising teams and buyers in the loop
- Share live tracking updates with customers
Next generation supply chain collaboration awaits…
Emails have had their time, and still have their place, but the fast-paced and interconnected nature of modern supply chains warrant a better collaboration solution.
You don’t deserve to be slowed down by outdated tech. Instead you can minimize the impact and costs from delays and disruptions, streamline your workflow, provide a great experience for partners, and move closer to full supply chain visibility.
"Having clean data makes us look good to our clients, and shows that we are on top of everything. As a communication pipeline, Beacon is far superior to the other tools we have tried". - Known
You might be drowning in emails now, but Beacon’s supply chain collaboration software might just be the life saver you didn’t know you were looking for.