What is forwarding house in SAP TM - Transportation Management?

SAP Term: forwarding house

• Component: TM

• Component Name: Transportation Management

• Description: An organizational unit that combines the functions of a sales organization, a purchasing organization, and a planning and execution organization.

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• Key Concepts: 
  A forwarding house is a third-party logistics provider that specializes in the transportation of goods. It is responsible for the coordination of all aspects of the transportation process, including the selection of carriers, the negotiation of rates, and the tracking of shipments. In SAP Transportation Management (TM), a forwarding house is a partner that is used to manage the transportation process. 
  
  How to use it: 
  In SAP TM, a forwarding house can be used to manage the entire transportation process. This includes selecting carriers, negotiating rates, and tracking shipments. The forwarding house can also be used to manage freight costs and optimize routes. Additionally, it can be used to provide visibility into the entire transportation process. 
  
  Tips & Tricks: 
  When selecting a forwarding house, it is important to consider their experience and expertise in the transportation industry. Additionally, it is important to ensure that they have a good reputation and are able to provide reliable service. It is also important to ensure that they are able to provide visibility into the entire transportation process. 
  
  Related Information: 
  SAP TM provides a range of features and functions that can be used to manage the transportation process. These include freight cost management, route optimization, shipment tracking, and visibility into the entire transportation process. Additionally, SAP TM provides integration with third-party logistics providers such as forwarding houses.