What does FML mean in LOGISTICS

Freight Management Logistics (FML) is a business discipline that focuses on the movement of various goods and services. It is used to manage several aspects of the supply chain process, including route optimization, inventory management, load coordination, and documentation.

FML relies on multiple sources of data and information from a variety of industries related to shipping goods. This includes information about suppliers, customers, regulations, terminals and more in relation to transportation logistics.

FML involves coordinating with all relevant parties involved in order to efficiently move goods from point A to point B in the most economical way while ensuring quality standards are met. This includes planning out routes with appropriate carriers while also focusing on cost minimization or operational efficiency improvements.

Some advantages include improved customer service through faster deliveries and lower overall costs due to better route planning as well as increased visibility into operations resulting in better decision-making capabilities for management team members. Additionally, it can help reduce losses due to damaged or lost goods since it uses advanced analytics for monitoring purposes throughout the entire process.

Many companies use FML for their businesses ranging from small ones within a localized region all the way up to large multinational corporations across multiple countries around the world. No matter what size your business may be or what products you ship or transport, understanding how this important system works could provide you significant savings going forward.