Freight Management (SCM305)

The distribution and logistics function in supply chain management (SCM) is vital in overseeing the management of storage and movement of goods to customers. SCM305 Freight Management explores the complexities and nuances of freight forwarding in logistics. This course covers essential concepts including the practicalities of freight forwarding as well as transaction processes such as purchase order management, invoicing, Incoterms, cargo insurance and terms of payment. Learners will gain insights on key communication processes involving freight and transport documentation, shipment visibility, and customs clearance. The course delves into logistics solutions sales, emphasising key account management and customer management strategies. With a focus on technology, students will gain insights into freight management systems (FMS), digital platforms revolutionising the industry, and recent developments in freight forwarding including the evolving roles of carriers and terminal operators as global integrators of supply chains. Specialised freight solutions for various sectors, such as energy and chemicals, medtech, pharmaceuticals, electronics, and consumer goods, will be examined. By the end of this course, students will be equipped with the knowledge and skills necessary to navigate the dynamic field of freight management, making them valuable assets to any organisation within the logistics industry.

• Freight Forwarding in Practice
• Transaction Processes: Purchase Order Management, Freight Auditing and Invoicing
• Transaction Processes: Incoterms, Cargo Insurance and Terms of Payment
• Communication Processes: Freight and Transport Documents, Shipment Visibility and Customs Clearance
• Logistics Solutions Sales
• Customer Management
• Technology in Freight Forwarding
• Developments in Freight Forwarding
• Freight Solutions for Energy and Chemicals
• Freight Solutions for MedTech, Pharmaceuticals and BioTech
• Freight Solutions for Electronics
• Freight Solutions for Consumer Businesses

• Show how application of transaction processes such as Incoterms and cargo insurance can be used to mitigate risk during international shipments.
• Analyse various freight and transport documents involved in the import and export process and their roles in ensuring smooth shipment visibility and customs clearance.
• Appraise pricing strategies for cargo services and operations and their impact on freight management and logistics profitability.
• Apply effective customer management techniques to meet client requirements in logistics solution sales within key industry verticals.
• Examine technologies and digital platforms to monitor shipment progress and ensure shipment visibility for effective data-driven decision-making.
• Propose freight solutions for key industry verticals including integrating sustainability initiatives and addressing regulatory compliance.