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Drop Shipping Freight Best Practices

Date: Wednesday, September 5, 2018
Time: 1:00 - 2:30 pm EST

Sponsored by Lorman Education Services


Registration - Live Webinar Only: $199.00

Registration - Live Webinar Plus CD Recording: $268.00

 

Create an effective and efficient drop ship program and learn to overcome common challenges.

Senior management in today's organizations is always pressing for more cost reduction efforts year after year. Supply chain management professionals including logistics and supply management are constantly on the alert for new ways to reduce costs.

Drop shipping and cross-docking methods reduce the costs to receive inventory, stock-it, pick-it, and ultimately ship it to customers. All of these material handling transactions are expenses as well as inventory carrying costs. There are also equipment expenses. Drop shipping moves goods from manufacturing or distributor directly to the ultimate customer eliminating all of these transactions and the holding of inventory.

It is also eliminates the need for the supplier to carry inventory since goods are shipped directly to the customer from the manufacturer eliminating warehouse handling.

Like anything else, a process must be mapped out and put into place that creates an effective and efficient drop ship program. There are many challenges as well as benefits when drop shipping goods.

This content provides information on how to implement a successful drop ship process from the purchase order to the customer's receipt of the shipment to payment. There is a lot of opportunity to save money, reduce transactional efforts, and improve customer service through a drop ship program.

Learning Objectives:

  • You will be able to define and successfully sell the idea of using drop shipments to management.
  • You will be able to describe how to implement a drop shipment initiative.
  • You will be able to discuss the potential cost reductions in a drop shipment program.
  • You will be able to explain how to manage the entire flow from purchase order, to shipment to customer, to receiving process, and to invoicing.

This Live Webinar Covers These Hot Issues:

Drop Shipping Defined
  • What Is It? How Did It Evolve?
  • Benefits
  • Challenges
  • Handling and Cost Reduction Opportunities
Closing the Purchasing Process
  • Purchase Order
  • Receiving Guidelines
  • Invoice Processing
Drop Shipping Formats
  • Non-Stocking Retailer
  • E-Commerce
  • Wholesaler
  • Large Order Handling
  • Blind Shipments
  • Online Auctions
Considerations
  • Cash Flow
  • Risk
  • Diversity of Products
  • Flexibility
Sales Tax Implications
  • Sales Tax Requirements by State
  • Documentation
  • Exemptions
Technology
  • Software
  • Managing the Drop Shipment Electronically

Credit Information (Sponsored by Lorman Education Services):

  • CPE
  • ISM
  • NASBA

For Detailed Credit Information page click here

Only registered attendee will receive continuing education credit.

Instructor Profile

Marilyn Gettinger, New Directions Consulting Group

  • Owner of New Directions Consulting Group
  • Developer and presenter of programs that educate participants on how to improve supply and logistics processes
  • Conducts regular seminars and workshops on Supply Chain Management including Logistics, Supply Management Logistics, Inventory Management, Importing and Exporting
  • Author of Supply Chain Management and Total Cost of Ownership
  • Member of APICS and Director of Education of the Institute for Supply Management-New Jersey Affiliate
  • Can be contacted at mgettinger6@gmail.com or 908-709-0656

(Not available outside the US)