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Rate's jargon Clarification

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  • Rate's jargon Clarification

    It's may sound novice! But i have to ask, What is meant by and why are we using.

    1. Rate Offering
    2. Rate Record
    3. Rate Service

    I am trying to understand the below:

    I am trying to create a multi stop shipments, believe i got to do the below.

    --> Create Rate Service and Rate Offerings for Service Providers
    --> Associate Rate Service to the Rate Offerings
    ---> Create a Rate Record associated to the Rate Offerings

    Regards.
    Vinoth
    Thanks,
    Vinoth Gopalakrishnan
    http://www.vinoth.co/
    Reach out for OTM/GTM - Transportation/Logistics and Blockchain Consultations/Strategy

  • #2
    Re: Rate's jargon Clarification

    Rate Offering:

    Defines a contract with a service provider that determines the cost for transporting a shipment.

    Rate Service:

    A group of options used to identify how transit times are calculated by OTM. Rate Service determines the time in transit based on the Rate Service Type and taking into account other factors that may come into play, such as rest periods.


    Thanks i got the answer and thought of sharing!

    Vinoth
    Thanks,
    Vinoth Gopalakrishnan
    http://www.vinoth.co/
    Reach out for OTM/GTM - Transportation/Logistics and Blockchain Consultations/Strategy

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