ENTREPRENEURIAL OPERATIONS
SUPPLY CHAIN MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Freight Forwarders
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Inventory Management
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Facility Location
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Information Processing
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None of these
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Detailed explanation-1: -Forwarding agents are an example of non-vessel operating common carriers. An NVOCC can be described as a shipper to carriers and a carrier to shippers. While NVOCCs do not usually own their own warehouses, many own their own fleet of containers.
Detailed explanation-2: -A freight forwarder or forwarding agent, also known as a Non-Vessel Operating Common Carrier (NVOCC), is a person or company that organizes shipments for individuals, organizations or businesses to get goods from the manufacturer or producer to a final point of distribution.
Detailed explanation-3: -Some of the top VOCCs around the globe include Maersk, APL, CMA CGM, etc. NVOCCs sell cargo or container space onboard mainline transport vessels, to their customers. They lease or rent this space onboard ships, and sell it to their clients.