SHIPPING RISKS AND COSTS REDUCTION STRATEGIES (2 DAYS)
By Mr. Stephen Kum - 22 & 23 August 2019, 9:00 am to 5:00 pm,
Kuala Lumpur
(100% Claimable From HRDF/PSMB)
COURSE HIGHLIGHTS
  • How shipping aims need to be tactical focused in mitigating risks
  • How shipping irregularities and weaknesses create vulnerabilities
  • How shipping conveyance constraints erode the profit zone
COURSE BENEFITS
  • Familiarizing the levels of risks in the shipping distribution chain
  • Understanding the various costs elements encountered in shipping
  • Developing shipping contingency plans and fulfillment drivers
COURSE PARTICIPANTS
  • All shipping executives and managers
  • Personnel from departments of Procurement, Finance, Marketing, Distribution, Logistics, Planning, Order Processing.
COURSE METHODOLOGY
  • A workshop-seminar presentation with case studies, group assignments and team interaction activities.
Course Outlines :-
  1. Appraising the firm’s current processes and operations status
    • Contractual engagement of shipping service providers
    • Freight forwarders scope of roles and responsibilities
    • Carrier’s conditions in the carriage of goods by sea
  2. Probing levels of shipping performance and conveyance gaps
    • The shipping procurement time versus customer demand time
    • The stages of departure transit and arrival orientation
    • The cargo flow interaction with document and process flow
  3. Analyzing the Bill of Lading in the selection and execution stage
    • Differences between a master and house bill of lading
    • Complications of various virtual bill of lading interpreted
    • Implications of the types of bill of lading in practice
  4. Determining the classification of freight rates and cargo types
    • The Freight All Kind rate in general cargo
    • The Commodity Box rate in specific cargo
    • The Groupage rate in consolidated cargo
  5. Detecting the FCL/LCL movement of cargo and risks apportioning
    • Execution of the FCL/FCL shipment
    • Execution of the LCL/LCL shipment
    • Execution of the FCL/LCL/FCL shipment
  6. Managing the global shipping strategy options and objectives
    • Cross functioning of the various bill of ladings
    • Cross utilization of the different modes of transport
    • Cross consolidating and de-consolidating of cargo
  7. Evaluating shipping performance metrics and costs implied
    • Weaknesses of the global transportation process
    • Pitfalls of the transportation management process
    • Constraints of the carrier evaluation process
  8. Challenges and constraints in the next wave of shipping
    • The migration from 3PL to 4PL service providers
    • The transformation from paper based to digital based
    • The protection of green environment on shore and off shore
Your Trainer

Mr. Stephen Kum (MBA, USA) is a fellow of The Institute of Freight Association, The Institute of Logistics & Transport, The Institute of Business Administration. Former Vice Chairman of the Persatuan Logistik Selangor and co-founder of Global Logistician Network.

He has more than 30 years of hands-on experience in the fields of international trade, global procurement, freight operation, logistics and supply chain management. His consultancy expertise relates to Incoterms execution, trade documentation, suppliers development, shipping risks and export strategies.

He was the Managing Director of a global logistics provider with network in UK, USA and Australiasia. Held various contractual senior positions as Country Manager of Esprit Shipping (HK), Sales Director with Karl Schroff Associates (US) and Business Development Manager with Port Cargo International (UK). Associated with Cambridge International College as their Training Consultant, Program Examiner with Durham Logistics College and Resident Consultant with TPL Global Chains Management.

He has been involved in corporate training and executives development since 2002 for national corporation ( DRB,TNB, MAHB, etc) multinational companies (Mitsubishi Corp, British American Tobacco, Alstom Power, etc) market leaders (Goodyear, Hitachi, Siemens, etc) academy of learning and development (OCBC Trade Academy, Boustead Naval Academy, etc). His embassy clientele includes trade divisions of Nigerian Embassy, Sudan Embassy and Royal Thai Embassy in Kuala Lumpur. He has developed Shipping programs for Institute Technology Multimedia, Logistics program for Sentral City Institute, Freight management program for PSNB and Open University Malaysia. Developed post graduate courses in Supply Chain Management for Camden University and Export Management for Metropolitan University organized from Kuala Lumpur.

Course Fee
(Course fee is inclusive of 2 tea breaks, lunch, course material,Certificate of Attendance)
1 person ~ RM 1378 / pax
2 persons or more ~ RM 1272 / pax
(Course fee is inclusive of 2 tea breaks, lunch, course material, Certificate of Attendance and 6 % Service Tax )
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Registration is confirmed once registration form is received via fax/email/mail. All Payments/Undertaking Letters/Local Order (LO)/Letter of Approval must be made available and presented prior to the course.
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Any cancellation must be received in writing within 5 working days prior to the event else 30% payment will be imposed. Any no-show by registered delegates will be liable for full payment of the program fees.
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Scientia Training Sdn Bhd reserves the right to amend or cancel the event due to circumstances beyond its control. We reserved the right to modify the advertised topics or course timing whenever necessary.
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