{"id":1562,"date":"2019-05-17T17:49:43","date_gmt":"2019-05-17T07:49:43","guid":{"rendered":"https:\/\/comprara.com.au\/procurement-glossary\/freight-forwarder\/"},"modified":"2021-01-13T04:07:40","modified_gmt":"2021-01-13T04:07:40","slug":"freight-forwarder","status":"publish","type":"glossary","link":"https:\/\/www.comprara.com.au\/procurement-glossary\/freight-forwarder\/","title":{"rendered":"Freight Forwarder"},"content":{"rendered":"<p>Freight forwarders, or forwarding agents, arrange cargo movement to international destinations.  They are typically non-<a class=\"glossaryLink\" aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Asset&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;Assets can include anything that is capable of being owned to produce value.  Buildings, equipment and machinery are examples of tangible assets.  &#x2018;Know how&#x2019;, brands and other intellectual property are examples of intangible assets.  Assets typically appear on a balance sheet.  See also Asset, Current.&amp;lt;br\/&amp;gt;&lt;\/div&gt;\" href=\"https:\/\/www.comprara.com.au\/procurement-glossary\/asset\/\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'>asset<\/a> based and organise the <a class=\"glossaryLink\" aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Supply Chain&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;A supply chain refers to the organisations that participate in the flow of products, services, finances and information from a source to a customer. The organisations share linkages such as being customer and supplier. The concept of a chain is based on the principle that the participants&#x2019; business success depends in part upon the performance of the supply chain as a whole that may promote a more cooperative mindset.Take the Supply Chain Knowledge Evaluation at Skills Gap Analysis.&lt;\/div&gt;\" href=\"https:\/\/www.comprara.com.au\/procurement-glossary\/supply-chain\/\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'>supply chain<\/a>, as well as preparing and processing documentation needed to ship goods internationally.  <a class=\"glossaryLink\" aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Information&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;Information can be defined as structured data.  For example, a list of all purchase orders is raw data.  The list is then sorted by supplier, to provide meaning over and above the raw data, by revealing patterns.  Typically there will be many suppliers having received only a few purchase orders.  That information could be a factor in a decision to reduce the supply base.  There may also be suppliers who have received multiple purchase orders, and that information may be a factor in a decision to change the method of purchase, perhaps to a procurement card.&amp;lt;br\/&amp;gt;&lt;\/div&gt;\" href=\"https:\/\/www.comprara.com.au\/procurement-glossary\/information\/\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'>Information<\/a> processed by freight forwarders includes the commercial <a class=\"glossaryLink\" aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Invoice&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;An invoice is a document issued by a seller to the purchaser, describing what has been done or purchased, in what quantities and at what prices.  The invoice will also include the agreed payment terms, which will trigger the payment process.  Some organisations undertake a two-way match before paying invoices, reconciling the invoice with a purchase order, while a three-way match involves the purchase order, invoice and a receipt note.  As invoice payment processes are part of acquisition costs, there has been a focus on minimising the transaction costs of raising orders and paying invoices, especially for low-value transactions where the cost of the transaction can be more than the value of the invoice.  e-Commerce, procurement cards and recipient-created tax invoices are all mechanisms to streamline the payment process.  See also Cost, Acquisition; Invoice, Recipient Generated; Three Way Match and Two Way Match.&amp;lt;br\/&amp;gt;&lt;\/div&gt;\" href=\"https:\/\/www.comprara.com.au\/procurement-glossary\/invoice\/\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'>invoice<\/a>, the <a class=\"glossaryLink\" aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Bill of Lading&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;A Bill of Lading is a legal document of transfer and is normally issued by a carrier to a shipper confirming that goods have been received on board for shipping to a named place of delivery and for a specific recipient.&amp;lt;br\/&amp;gt;&lt;\/div&gt;\" href=\"https:\/\/www.comprara.com.au\/procurement-glossary\/bill-of-lading\/\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'>bill of lading<\/a>, the shipper&rsquo;s export declaration, and other documents required by the carrier or country of export and import.  They are 3PL providers in the landscape of <a class=\"glossaryLink\" aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Logistics&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;Logistics is the management of the flow of goods between their origin and the point of use. Logistics includes the transportation, storage, warehousing, handling, packaging and security of goods. Logistics is usually described as having a narrower scope than supply chain management as the focus is primarily on the flow of goods and the integration of processes; in particular, the sharing of information is not as central to logistics as to supply chain management. See also Logistics, Inbound and Logistics, Outbound.Transportation e-Learning courses are available at Academy of Procurement.&lt;\/div&gt;\" href=\"https:\/\/www.comprara.com.au\/procurement-glossary\/logistics\/\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'>logistics<\/a> intermediaries.  See also 4PL.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Freight forwarders, or forwarding agents, arrange cargo movement to international destinations. They are typically non-asset based and organise the supply chain, as well as preparing and processing documentation needed to ship goods internationally. Information processed by freight forwarders includes the commercial invoice, the bill of lading, the shipper&#8217;s export declaration,&#8230; <br \/><a style=\"color:#00b4cd;\" class=\"excerpt-anchor\" href=\"https:\/\/www.comprara.com.au\/procurement-glossary\/freight-forwarder\/\">Read more<\/a>.<\/p>\n","protected":false},"author":2,"featured_media":0,"menu_order":0,"template":"","meta":{"_acf_changed":false,"_uag_custom_page_level_css":""},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Freight Forwarder - Comprara<\/title>\n<meta name=\"description\" content=\"Freight Forwarder\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.comprara.com.au\/procurement-glossary\/freight-forwarder\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Freight Forwarder - 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They are typically non-asset based and organise the supply chain, as well as preparing and processing documentation needed to ship goods internationally. Information processed by freight forwarders includes the commercial invoice, the bill of lading, the shipper&#8217;s export declaration,... Read more.","_links":{"self":[{"href":"https:\/\/www.comprara.com.au\/wp-json\/wp\/v2\/glossary\/1562"}],"collection":[{"href":"https:\/\/www.comprara.com.au\/wp-json\/wp\/v2\/glossary"}],"about":[{"href":"https:\/\/www.comprara.com.au\/wp-json\/wp\/v2\/types\/glossary"}],"author":[{"embeddable":true,"href":"https:\/\/www.comprara.com.au\/wp-json\/wp\/v2\/users\/2"}],"version-history":[{"count":0,"href":"https:\/\/www.comprara.com.au\/wp-json\/wp\/v2\/glossary\/1562\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.comprara.com.au\/wp-json\/wp\/v2\/media?parent=1562"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}