logistics and supply chain – Page 3

🛡️ Tax IDs & Compliance Fields in CargoWise: Getting It Right the First Time

In global freight forwarding, accuracy is more than operational efficiency—it’s compliance.In CargoWise, two seemingly simple sections of your Organization master data—Tax IDs and Compliance Fields—can mean the difference between smooth transactions and regulatory headaches. When these fields are incomplete, incorrect, or outdated, you risk: 📍 Why These Fields Matter Tax IDs—such as VAT, EIN, GST,Continue reading “🛡️ Tax IDs & Compliance Fields in CargoWise: Getting It Right the First Time”

💱 Currency & Credit Terms in CargoWise: Small Fields, Big Financial Impact

Welcome to Article 5 in the Organization Master Data Series.This time, we’re focusing on two deceptively simple master data elements that have a direct and measurable impact on your bottom line: Currency and Credit Terms. If your organization records in CargoWise are the foundation for operational accuracy, then currency and credit terms are the leversContinue reading “💱 Currency & Credit Terms in CargoWise: Small Fields, Big Financial Impact”

🧩 Account Classifications in CargoWise: One Click Away from Chaos (or Clarity)

Welcome to Article 4 in the Organization Master Data Series, where we focus on one of the most deceptively simple—but operationally powerful—fields in CargoWise: the Account Classification. You’ve seen the dropdown: But this single field determines how CargoWise treats each organization across finance, operations, reporting, compliance, and integrations. When the classification is incorrect, it canContinue reading “🧩 Account Classifications in CargoWise: One Click Away from Chaos (or Clarity)”

🌍 The Power of the UNLOCO: Why Location Codes Matter More Than You Think

In the fast-paced world of global logistics, we rely on systems like CargoWise to automate and optimize operations. But even the best systems can’t perform if the underlying master data is flawed. And one of the most critical—but often overlooked—elements of master data is the UNLOCO. If you’ve ever seen codes like USMIA, CNHKG, orContinue reading “🌍 The Power of the UNLOCO: Why Location Codes Matter More Than You Think”

📍 Addresses & Contact Details: Getting Them Right the First Time

Have you ever heard the phrase, “God is in the details”? In logistics, master data accuracy is those details. If your organization records in CargoWise are the foundation, then addresses and contact details are the cornerstones. When addresses are incomplete, inconsistent, or outdated, the problems cascade: Denied Party Screening is a critical compliance function inContinue reading “📍 Addresses & Contact Details: Getting Them Right the First Time”

🔐 The Humble Organization Code: The Meaning Behind the Code

One of the most overlooked yet critical levers to maximize efficiency in CargoWise is master data. But here’s the catch—master data only delivers value when it’s well-governed. Out-of-control master data—no naming rules, open access for edits, incomplete records, or simply a lack of understanding of what data fields actually do in CargoWise—can silently destroy operationalContinue reading “🔐 The Humble Organization Code: The Meaning Behind the Code”

“It’s Just How It’s Always Been” – Why Finance Needs to Speak Freight

When I first took over as Controller, I joined a finance team that had very little understanding of freight forwarding. And when I started asking questions—why do we not understand our core business?—I was met with the dreaded words:“It’s just how it’s always been.” The reasoning?You don’t need to understand how a widget moves fromContinue reading ““It’s Just How It’s Always Been” – Why Finance Needs to Speak Freight”

📉 “Those Numbers Aren’t Right!”

Why Your Leadership Team Can’t Agree on the Numbers—and How to Fix It Many of us have been there… You’re in a leadership meeting. Finance presents the month-end results and kicks off the conversation about shrinking margins and declining shipments. Finance is clear: “Costs are trending up. Margins are tightening. Shipment volumes have dropped month-over-month.”Continue reading “📉 “Those Numbers Aren’t Right!””

💡 Can Small Freight Forwarders Band Together to Win Bigger?

The Case for Buying Consortia—and What You Need to Get It Right When freight costs spike and capacity tightens, small freight forwarders face an uphill battle. Lacking the volume of larger players, they’re often stuck with higher rates and fewer space guarantees. But what if smaller forwarders collaborated? Across global trade lanes, buying consortia—groups ofContinue reading “💡 Can Small Freight Forwarders Band Together to Win Bigger?”

A CFO’s Guide to Incoterms: Why Liability = Money in Logistics

When most finance leaders hear “Incoterms,” they think: That’s for the logistics team. But overlooking these international shipping terms can quietly erode your margins, expose your company to risk, or even leave you paying for costs you didn’t agree to. Let’s break down why every CFO in logistics, freight forwarding, or global trade needs aContinue reading “A CFO’s Guide to Incoterms: Why Liability = Money in Logistics”