Stock and purchase play a pivotal role in maritime industry. This procedure has many shortcomings in the implementation process. Let's check out how to overcome difficulties in stock and purchase with WAYL to ensure the shipping services giving you the best rates, service, capacity, and reliability.

What are the difficulties in stock and purchase in maritime industry?

Stock and purchase procedure is a challenge in maritime. Here are some of these challenges that you can get:

• Hidden costs
• Choice of carrier
• Analysis of capability
• Reliability of the services
• After-sales service

Now let's discover tips on how to overcome these difficulties.

How to overcome difficulties in stock and purchase?

There are many things that need to be considered when stocking and purchasing.

Consider everything among stock and purchase

When you are in charge of stock and purchase for ships, wisely weigh your options means everything. With a variety of options, you should choose the right carrier, which is capable of not only offering, but also providing the proper service at a reasonable cost for your shipments.

There are a lot of carriers that can offer cheap rates that you need. However, please note that not everything is or should be good with the cheapest rates. A cheap price without service reliability or guarantee could be a risky purchase.

While it may appear that certain carriers can offer better prices than others, you should be aware that the carriers offering these low rates may have hidden charges. These hidden charges are typically revealed only when the shipment is ready to be delivered at its final destination. Therefore, you should consider your alternatives in terms of the prices, contract periods (long-term, short-term, quarterly, or capped rate contract), and services you require from the carrier.

If you have a system to manage the whole stock and purchase procedures, you will have a good comparison to choose a good option. WAYL is the system that can help you in managing stock and purchase.

Go digital with WAYL

Customers and ships owners are increasingly turning to online freight platforms. E-sourcing technologies, real-time tracking, and freight benchmarking services are widely applied due to the following reason:

Develop a long-term digital procurement strategy that will benefit them.

• Obtain visibility into shipment tracking so that they can take alternative actions in the event of delays (such as supplementing items that may not get it to the assembly line on time owing to delays in maritime freight)
• Have metrics for evaluating service offerings.
• Analyze the service offers to see how they fit into their needs.
• Have real-time contract pricing for numerous modes of transportation and service kinds are available.
• To avoid any hidden expenses, achieve openness and transparency in terms of freight charges, surcharges, and other fees.
• Make sure you don't make any billing errors.

Conclusion

Stock and purchase play a vital role in the entire shipment. Companies with established stock and purchase structures, automated tools, and processes will be able to evaluate their alternatives, change their priorities, and adapt appropriately to the market's ever-changing demands. With WAYL, everything you need is in one system.