freight

  • Did you know? 8 is the luckiest number in Chinese culture because of 八 sounds like 發 (fa), which means “wealth”, “fortune”, and “prosper” in Chinese. Even in Japan 8 is considered a lucky number because it is nearly homophonous to the word “Prosperity” (繁栄 han’ei), It is also homophonous to Hachikō. Now you might be thinking- “why am I sharing this information?” Well, I have some exciting news to share! GoComet just surpassed the $8 billion worth of cargo moved. This is the beginning of a long journey and we hope will make GoComet even more useful for all of our users. Since 8 is a lucky number in both Japanese and Chinese culture, so even more reason to celebrate. A big thank you to all our customers 🙂 We have surpassed some more major milestones that include – Surpassed $201 Million worth of freight booked Saved total $18 Million of our customers Manual work of 40,389 Hrs saved We got some hands-on experiences with extremely successful events Future Plans We are working on new product Robotic Process Automation(RPA) for automatic invoice matching and processing. We will roll out a redesign of our new user interface (UI). We are working on new UI intending to make the software easy, light and faster. Soon we will invite you to be part of the testing process for the new UI. This is a great way to have an impact on our final touches. We are working on revolutionizing the international logistics space by reducing manual workloads, eliminating miscommunication and leveraging data. A Big Thanks To All Our Clients To all of our customers, 8 billion thankyous for being part of our crew and helping GoComet create the #1 enterprise software to reduce costs and manage freight faster, smarter and easier. Since...
  • You did it — you finally dispatched your shipment! It’s smooth sailing from here, right? WRONG. On average, one intercontinental shipment includes hundreds of interactions and more than 20 players involved– freight-forwarders, port handlers, marine insurers, inland transportation and so forth. In this context, shippers frequently whinge about the difficulty in getting actual-time visibility of their shipments and that they don’t have any real guarantees about storage and transport situations. Dispatching a shipment was only half the battle; you still have to deal with delays or disruptions, inspection and on and on. The delay in shipments also leads to delay-related charges (Demurrage and Detention) and other fees. It also affects the shipper and consignee relationship. Can you guess what most companies do to solve these problems? They have manual processes where they have to track by going to different airlines and shipping lines and checking each of them, click by click. I know what you are thinking….There must be a better solution, right? One that gives real-time insight and doesn’t take much time. That is why the Container Monitoring Solution came in place…to foresee the transportation lead time. Container tracking systems provide the shipper all the insight regarding the different stages of the logistics and transportation process, consisting of information on the status updates of the container. Way to technological improvements, now it has grown to be less difficult to track the passage of goods at any time. An efficient field tracking system offers you port info and also gives you data about the location of your shipments. To track a container current location, some essential info is required i.e., container number/invoice of lading/booking number and the shipping line. Below are the top 5 reasons why companies should use Container Tracking Module Reduce Time And Energy You can track multiple...
  • Have you ever wondered to look at the month on month or year on year trend of the freight that you have been paying for your export and import shipments? Would it not be helpful in order to predict the future freight movement or in making sales decisions by factoring in the likely logistics costs? This definitely seems interesting! So, go ahead, dig up those excels/invoices and start collating the data. After all, that data will help you in decision making and directly increment your company’s profits. But alas! The pile of excels is too deep and too much work. What if I told you that you can do something to avoid all this work in the future? What if you can receive all quotes on a platform from your forwarders and get the freight trend reports automatically? GoComet stores freight data of all your shipments for years and years together. It allows you to view and analyze the data according to various parameters such as route, selected forwarder, region etc and download the reports whenever you want & make better decisions with freight trend analysis. There is also a provision of an interactive dashboard that can be used to change various parameters to see graphs of rate trends, pie charts for shipment distribution etc. Companies procuring freight through GoComet give access to the platform to their marketing teams helping them in making guided sales decisions. The platform also helps you in rating your forwarders based on their freight performance or service levels over various shipments. On the whole, using GoComet for freight procurement helps you recording data in one place which can be accessed from any place and any time in the form of automatic reports. This helps you in analyzing different metrics like forwarder performance or your company’s...
  • GoComet is a cloud-based platform that helps you in automating your international freight procurement and rate reduction process, leading to the lowest freights and increased savings month on month. Now the question is how much of your time needs to be invested to start GoComet? From the management’s point of view, not more than 30 minutes are required for conducting a demonstration and understanding the platform. Once after the initial demonstrations, the management’s involvement is limited to evaluating the savings after a mutually agreed period of time. Since it is a matter of cost savings, it has been seen that the idea appeals to CFOs most. There are actual cases of companies where the CFOs have taken the lead to evaluate the platform and execute it. Once the management decides to go for the platform, the accounts are created within minutes since it is hosted on cloud servers and no physical servers and processes need to be set up. The user training is done in one meeting. Today, there are 1000 plus freight forwarders quoting for multiple clients on the platform. The freight agents are well aware of GoComet as most of them are using the platform for at least one of their clients, hence they’re onboarding and training doesn’t require much time. Summarising the three simple steps to activate your GoComet account:1. Demonstration to management, 30 minutes required.2. Creating and setting up accounts is done almost instantly by just noting down basic details, name of a person, contact details etc.3. Training users, a maximum of 1 hour required. Training freight forwarders completed within 2 days. So do you have a little time to invest in order to decrease your costs? Or are you’re too busy with your day to day work? GoComet is the world’s best platform to make freight procurement efficient and...
  • GoComet helps clients to save cost on international freight bidding while reducing time and effort by automating freight procurement. The platform not only eases the day to day tasks of your vendors but also enables them to quote competitive rates continuously. The two processes are linked after all! The only metric to win a bid is merit! GoComet provides a transparent platform for all forwarders to compete fairly for every client inquiry. The forwarder is aware while quoting that the client is only interacting with him and other participants on the platform and nowhere else. This makes the freight bidding fair, eliminating the possibility of any underhand tactics. Such a scenario gives the forwarder confidence that the only metric to win business is merit. Hence, the best and lowest possible quotes are worked out from the forwarder’s side increasing the scope of savings for the client. Why does your forwarder quote lower on the platform? The participants are aware at all times about their ranking for all inquiries enabling them to rework, reduce margins and bag more business. In order to update quotes on the platform, they don’t need to input rates again and again. The platform is intelligent and allows auto copying of previous rates for a similar port or auto-filling shipping line charges by inputting the name of the liner. All this makes their work easy, saving time being wasted earlier in doing manual entries and allowing them to work better on quotes. Forwarders are loving GoComet today! 1000 plus freight forwarders, quoting on GoComet platform for their existing clients. Today forwarders want all their clients to adopt GoComet so that bidding becomes fair everywhere and they can win more business on merit. It is time you try GoComet to make freight bidding easy and your quotes cheaper!...
  • Is the market rising or is it falling? Did this question ever cross your mind? SENSEX! I am not talking about that but you are close enough! Ever seen an index for global freight? Look no further. Introducing GFI, GoComet Freight Index. GoComet Freight Index is a shipping index reflecting the fluctuation of spot rates (port pairwise) in international shipping. GFI is based on data aggregated from shippers, freight forwarders and carriers who use the GoComet Platform for export freight negotiation. The data is obtained in real-time from the carriers as well as the freight forwarders on which shippers have booked their cargo, giving a precise representation of the prevailing market rates. The GFI can help you in the following ways:  1. Budgeting, Reporting and Analytics:  GoComet provides you with a constant flow of accurate and reliable data for your trade routes. This information helps you to pre-plan your budgets for your operations and use reports later to evaluate and analyze freight performance. 2. Negotiating: By knowing the market rates for your trade lanes, you can negotiate better with your forwarders and squeeze out their margins to get maximum savings.  3. Become Market Leader: GFI can give you an idea about the current market rate. Then it is up to you to strategize and become the leader in your market. And the best thing is that it is free of cost! So what are you waiting for? Go and subscribe today. About GoComet A ready-made LRM solution that solves all your logistics operations related hurdles and brings instant savings. The tool is perfect for the logistics manager, in-house executives, warehouse in-charge even for your vendors. Schedule Free Product Consultation
  • Imagine you have 6 vendors for a particular service with the same offering, but you can buy from only one. How do you ensure that you get the best price? You mostly do simple negotiation. In simple negotiation, you call or email each vendor and ask for a quotation. Once quotes are in, you speak to the top few vendors to negotiate and then you finalize. Most buyers believe that they are the best negotiators. But that’s before they find out about compounded negotiations. What is Compounded Negotiation? Think about how compounding works to give you the best return on investments against simple interest. The underlying idea is to make each unit of value chain work all the time. In case of money, it’s the units of time that force growth on each value block which is money. This kind of compounding is what a reverse auction process forces on each participant all along the bidding process. The beauty of this process is how each vendor’s action triggers multiple ones on one competition that is self-perpetuating. The entire race to quote lower ends only when the auction ends. Best compounded negotiations are done in a computer-assisted environment since such systems are free from fatigue and bias that humans are prone to. In GoComet’s reverse auction process, for instance, each vendor submits their quote on the internet-based platform. Then they are shown their own quote rank (L1, L2, L3 etc). Making use of the psychology of the vendors, they are encouraged to reduce their quotes to win the business. Hence L3, L4, L2 try to come to L1, if L1 becomes L2, they again try to come to L1. This is continued until bidding time is over. This process ensures that each vendor is transparently competing with every other vendor. Any...
  • There are a few things to take into consideration while choosing the best method to ship your goods. Choosing the right freight service between air & sea will help you bring down costs and bring inefficiencies in your shipping process. Cost / Price As a business owner, before shipping goods, you need to check out all the costs associated with shipping. Most businesses ship the goods via sea freight because it is cheaper than air. But if you want to deliver goods urgently, you need to go with air freight. A businessman who has to initiate frequent international shipping needs to be educated about everything that is related to shipping. Airlines bill you by chargeable weight. Chargeable weight is calculated by factoring the weight and size of a shipment. Sea carriers charge per container. There might also be Terminal Handling charges levied by ports. Exporters / Importers should note that there are destination charges that need to be considered. Whether shipping by air or by sea, there will be customs clearance and destination port fees. While the actual shipping cost of sea freight is usually cheaper than the shipment cost of air freight, the warehousing fees at seaports are much more expensive than those at airports. Speed / Urgency of Shipping Air freight is the fastest way of moving goods. Businesses who want their goods to be delivered quickly should choose air freight. Shipping by sea takes around 7-8 weeks in most cases. Ships are getting faster with technology, but yet they do not solve the urgency of shipping requirements. Reliability Seasoned import/export business needs reliable shipping, whether its air or sea. Air freight is the fastest is mostly on time. Flights might get delayed due to extreme weather conditions. Such delays in air shipping are minimal. Sea carriers are...