Knowledge Center

What is FOB Destination? Meaning, Terms, Who Pays?

If you’re in the shipping industry, you need to be familiar with the shipping term FOB destination and all it implies. You should be able to answer the question of what does FOB mean in shipping and convey the fob price meaning. FOB is an acronym that means “free on board,” so FOB destination means […]

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Materials Management: Definition, Process, Benefits

Materials management is an aspect of supply chain management and planning. The primary purpose of materials management is to ensure that manufacturers have all the raw materials they need to make goods. Materials management also focuses on ensuring that no components are wasted and optimizing  inventory maintenance and management. While materials management requires understanding what […]

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