[Online] Shipping Risk and Costs Reduction Strategies
Course Information
  • 26-Jan-2021
  • Online
  • Stephen Kum
  • English
  • RM 480
  • 9:00am - 5:00pm
[I] INTRODUCTION

Global shipping has been encountering unprecedented calamities and disastrous situations, forcing this maritime business into a complete bottleneck standstill with all negative indicators.

A retrospect into the fundamentals and essentialities of shipping is now a boardroom agenda. Various mitigation and salvage steps are being carried out. On the baseline, risk and cost elements have to be reviewed and revised. Either way, turning around the risk and cost perspective into an interim business opportunity, or sustaining the risk and cost factors to avoid further business failure is of paramount importance.

This seminar is carefully put together to help management and executives review their various risk factors, work processes. obligations, and avenues for
cost reduction in meeting challenging operating environment.

[II] WHO SHOULD ATTEND

• All shipping executives and managers
• Personnel from departments of Procurement, Finance, Marketing, Distribution, Logistics, Planning, Order Processing

[III] COURSE OBJECTIVES

• 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

[IV] METHODOLOGY

A workshop-seminar presentation with case studies, group assignments and team interaction activities.

[V] DATE, TIME & FEE

[HRDF/ SBL Claimable]

Date : 26 Jan 2021 (Tue)
Time : 9.00AM – 5.00PM
Mode: Online / Webinar


FEE:
Early Bird Offer (before 28 Dec 2020) – RM 420
Special Offer (before 12 Jan 2021) – RM 450
Normal Fee – RM 480

- Fee includes Course Notes, Certificate of Completion & 6% Service Tax

** Discount **
SST2u Learner's Card members are entitled to 15% overriding discount

[VI] COURSE CONTENTS

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 escalation of freight forwarders and customs brokers
• The transformation from paper based to digital based
• The protection of green environment on shore and off shore

[VII] TRAINER PROFILE

STEPHEN KUM
Certified HRDF Trainer

Stephen Kum graduated with Master of Business Administration from Newport University, United States. He is a fellow of the Institute of Freight Forwarders (UK), The Institute of Logistics & Transport (UK), The Institute of Business Administration (UK), Professional Member of Logistics & Supply Chain Management Society and former Vice Chairman of Persatuan Logistik Selangor.

He has more than 28 years of hands-on experience in the field of international trade, global procurement, freight and logistics supply chain management. His consultancy expertise relates to implementing logistics strategy, criteria in selection of carriers, supply chain integration and Incoterms contracts.

He held various senior positions as Managing Director of a global logistics service provider with regional offices in United Kingdom, United States, Australia and Asia. On contractual appointment, he was the Country Manager with Esprit Shipping (HK), Sales Director with Karl Schroff Associate (US) and Regional Manager with Port Cargo Ltd (UK). His affiliation includes Cambridge International College (UK) as their Logistic Program Examiner and Durham Logistics College (UK) as their Program Consultant. Currently, a Resident Consultant for SCS Consultation Services (UK) and TPL Global Chains Management (US).

He has been involved in corporate training and development since 2002 for manufacturers, multinational companies, trade associations and trade and tourism divisions of foreign embassies. He has developed various freight forwarding programs for Institute Technology Multimedia, logistics programs for Sentral City Institute and post graduate programs in supply chain management for Camden University and export trade management for Metropolitan University.

[VIII] REGISTRATION & ENQUIRY

Email: SSTcourse@gmail.com

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