Brokerage license

A "brokerage license" in the supply chain refers to the official authorization granted to a company or individual to engage in brokerage activities. This license is typically issued by relevant authorities or regulatory bodies and signifies that the holder has met specific requirements and standards to operate as a broker. Having a brokerage license ensures compliance with legal and regulatory frameworks, enhances credibility, and allows for the provision of brokerage services in the supply chain, such as facilitating transactions, managing logistics, and providing value-added solutions to customers.