Premium freight is the additional charges paid to a transportation provider to expedite shipments to meet a required date. Often used as a partial measure of on-time shipment performance.

Things which make premium freight as needed business practice

  • Rapid product launches
  • Require to develop efficient global supply chains
  • Logistics challenges
  • Necessity to bring down warehousing costs

Get more definitions about premium freight and other ERP related terms here.

   

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