Managing your allocation is a dynamic process that requires proactive planning. But the tools and processes shippers use today are static and reactive resulting in shortfalls, contract penalties, and missing out on containers you contracted for. This is further complicated by the fact that a shipping carrier’s product is ‘perishable’ in the sense that the value of available capacity decreases closer to the time of departure.
Allocation management empowers shippers to manage the forward-looking allocation of all their ocean contracts, so they can be proactive and prevent shortfalls while not overcommitting.
In this Supply Chain Now livestream, Scott Luton and Greg White were joined by Gordon Downes, Co-Founder and CEO of NYSHEX, to discuss:
• How to centralize your ocean contracts
• Preventing shortfalls by making sure carrier agreements contain an appropriate level of granularity
• Learning to ‘control the controllables’ to proactively manage vessel delays, rolls, and blank sailings