FOB is the acronym for “Free on Board” or “Freight on Board” and is an internationally recognized commerce term. If you need to buy or sell goods from another country everyone involved in your commercial transaction will know how to define FOB.
Unloading and loading freight happens so often that workers and management can become complacent to the inherent dangers that exist in the process.
Unloading and loading freight is almost always under some sort of time constraint. This issue and tighter supply chain windows can exacerbate the problem and create an even more dangerous environment.
That can lead to increased accident rates and damaged freight, among other hindrances to your bottom line.
Within the logistics and shipping industry, lead time plays a critical role in preparing, processing, and handling orders. Consumers and businesses also use lead times as a way to plan ahead for their orders.
Today, we'll answer “What is lead time?” and “What does lead time mean in shipping?” We’ll also discuss why it’s vital for your business, the different categories, factors influencing lead times, and other important information.