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Live Webinar

90-minute live streaming program
  • September 5
  • 1:00 - 2:30 pm EST

Drop Shipping Freight Best Practices

September 5

Create an effective and efficient drop ship program and learn to overcome common challenges.

Senior management in today's organizations is always pressing for more cost reduction efforts year after year. Supply chain management professionals including logistics and supply management are constantly on the alert for new ways to reduce costs.

Drop shipping and cross-docking methods reduce the costs to receive inventory, stock-it, pick-it, and ultimately ship it to customers. All of these material handling transactions are expenses as well as inventory carrying costs. There are also equipment expenses. Drop shipping moves goods from manufacturing or distributor directly to the ultimate customer eliminating all of these transactions and the holding of inventory.

It is also eliminates the need for the supplier to carry inventory since goods are shipped directly to the customer from the manufacturer eliminating warehouse handling.

Like anything else, a process must be mapped out and put into place that creates an effective and efficient drop ship program. There are many challenges as well as benefits when drop shipping goods.

This content provides information on how to implement a successful drop ship process from the purchase order to the customer's receipt of the shipment to payment. There is a lot of opportunity to save money, reduce transactional efforts, and improve customer service through a drop ship program.

Learning Objectives

- You will be able to define and successfully sell the idea of using drop shipments to management.

- You will be able to describe how to implement a drop shipment initiative.

- You will be able to discuss the potential cost reductions in a drop shipment program.

- You will be able to explain how to manage the entire flow from purchase order, to shipment to customer, to receiving process, and to invoicing.

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Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Drop Shipping Defined
  • What Is It? How Did It Evolve?
  • Benefits
  • Challenges
  • Handling and Cost Reduction Opportunities
Closing the Purchasing Process
  • Purchase Order
  • Receiving Guidelines
  • Invoice Processing
Drop Shipping Formats
  • Non-Stocking Retailer
  • E-Commerce
  • Wholesaler
  • Large Order Handling
  • Blind Shipments
  • Online Auctions
Considerations
  • Cash Flow
  • Risk
  • Diversity of Products
  • Flexibility
Sales Tax Implications
  • Sales Tax Requirements by State
  • Documentation
  • Exemptions
Technology
  • Software
  • Managing the Drop Shipment Electronically
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Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

Live Webinar Registration

  • ISM 1.5
     
  • Participants who successfully complete this program will receive 1.5 hours of continuing education. They may be applied toward ISM CPSM, CPSD or C.P.M. recertification. ISM's consent to approve hours for this educational event is not an endorsement of this program or its content by ISM.
     
  • CPE 1.8 including Production 1.8
     
  • Lorman Education Services is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: https://www.nasbaregistry.org/cpas/complaints. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 1.8 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Production for 1.8 hours. Prerequisite: basic knowledge of purchasing contracts. Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: Group Internet Based. Please refer to the information in this brochure for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board. Please note: In order to receive CPE credit for this course you MUST use the streaming audio option, as well as enable and complete the required progress checks.
     
  • Lorman Business Center, Inc. is a registered provider for CPA CPE through the State Education Department of New York, Sponsor number: 000640. The following course will carry the subject area of Specialized Knowledge and Applications for 1.5 hours.
     

Who should attend?

This live webinar is designed for purchasing managers, material managers, presidents, vice presidents, business owners and managers, CFOs, controllers, accountants, contract administrators and buyers.

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Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Marilyn Gettinger

Marilyn Gettinger

New Directions Consulting Group

  • Owner of New Directions Consulting Group
  • Developer and presenter of programs that educate participants on how to improve supply and logistics processes
  • Conducts regular seminars and workshops on Supply Chain Management including Logistics, Supply Management Logistics, Inventory Management, Importing and Exporting
  • Author of Supply Chain Management and Total Cost of Ownership
  • Member of APICS and Director of Education of the Institute for Supply Management-New Jersey Affiliate
  • Can be contacted at [email protected] or 908-709-0656
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Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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Product ID: 404122
Published 2018
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