Supply Chain Security Monitoring Services provides a full spectrum of end-to-end services for cargo security monitoring and tracking to all stakeholders, throughout the supply chain from point of origination to point of destination. The monitoring solution strategy includes but is not limited to optimizing container logistics processes, improvement of supply chain efficiency and reducing costs, achievement of more efficient and individual container traceability, deterioration theft, diversion, and counterfeiting, receiving notifications when an exception occurs in any given process, etc. In addition to cargo and driver security, dual-mode devices provide several additional features and benefits to shippers and transporters to improve operational efficiency throughout the supply chain.
Category: Supply Chain Management
International Procurement: Highlights on some essential FOB incoterms
Abstract: Incoterms are last amended by ICC on January 01, 2013.Some essential incoterms are highlighted below. The incoterms EXW can be defined as an agreement between a buyer and a seller that after production completed and left warehouse of the seller, seller is not responsible for cost and liability for the product. Incoterms FOB and EXW can be used interchangeably while consider terms and agreement between buyer and seller. Seller is not responsible for loading the goods unless specified otherwise and buyer is responsible for doing insurance for EXW shipments under the buyer’s Ocean Cargo Policy. Free Carrier While using the incoterm FCA , the Seller agrees to give delivery of the goods into the custody f the forwarder, freight forwarder etc. Free on Board(Named port of shipment) The incoterm FOB is from the point of delivery of goods and transfer of risk, it starts with the goods pass the ship’s rail at the named port of shipment. Except CIP and CIF , incoterms do not have any obligation on the Seller and Buyer to provide insurance. Keywords: Freight collect, Incoterms, EXW, FCA, FOB. Article: Introduction: Incoterms are nothing but some International Commercial terms published by the International Chamber of Commerce to clearly communicate the associated risks, costs, tasks, etc. evolved with international procurement and logistics. Which are widely accepted by legal authorities, […]
What are the Roles of Network Design in the Supply Chain Management?
Though there is inherent uncertainty about the future, a supply chain network risk analysis can be conducted; by using information available, the future business environment can be characterized. Network design decisions have a significant impact on performance of the supply chain. Though designing a supply-chain network can cut costs within a company, it is important to note the supply chain is not static but rather a continually improving model and adapt in response. The allocation of supply sources and markets to facilities has a significant impact on performance because it affects total production, inventory and transportation costs incurred by the supply chain to gratify customer demand. Good network design decisions increase supply chain profits, whereas poor network design hurts profit.
About procurement: Freight Prepaid related incoterm based on ICC amend. 2020.
Abstract “Freight Collect” & “Freight Prepaid” are two shipping terms, which show whether a consignee has the primary liability to the carrier for the shipping charges in a procurement process. EXW, FCA, FOB, FAS, etc Incoterm used for “Freight Collect” shipment. Now, we would like to discuss Incoterm which can be used for different “Freight Prepaid” shipments based on Incoterm of Sept 2019 published by ICC, also called 2020 amendment of incoterm. Keywords: International Procurement, Freight Prepaid, Freight collect, Incoterm, ICC, Amendment 2020. Article Introduction Transportation is one of the Drivers of the Supply Chain. The term Freight denotes transportation charges. The International Commercial Terms or INCOTERMS refers to whether the shipper/consignee […]
A discussion about basic steps of Leadership and Management of Procurement :
The company will qualify the suppliers to determine the best product for the business. It concretely defines the price, designations and terms and conditions of the product or accommodation and any supplemental obligations. The purchase order must be distributed, conventionally by fax, mail, personally, email or other electronic designates. The issues most often noted include payment dates, distribution times and work completion. Once the sending company distributes the product, the recipient accepts or rejects the items. Acceptance of the items obligates the company to pay for them. Three documents must match when an invoice requests payment – the invoice itself, the receiving document and the pristine purchase order.These include purchase records to verify any tax information and purchase orders to corroborate warranty information. The procurement department desires to offer simple, bottom line reporting to the higher management e.g., purchase fee index consistent with client/supplier etc. There should be a component, in keeping with which a much extra free time might be there to make a plan and do procurement capabilities and wrong things are discovered which need correction. Procurement and other capabilities: Procurement isn’t always very much an awful lot separate trouble with relation to other functions of a supply chain or commercial enterprise. it’s the solution to the question, why are we here? An imaginative and appropriate announcement narrates, what procurement branch of the firm expects to be its destiny? Eighty percent of one’s time to be spent with top 10-20% suppliers, take away “C” grade providers , broaden talent level, do the paper works , not an excessive amount of time spent for making plans.
About me
About I am, M. Ikramullah Sayeed, a Certified Supply Chain Manager and Logistics Professional, Writer, Translator, Editor, Team Builder, Blogger, and a son and a father. I am working with a multinational group of company. Description I have long and extensive professional experience in the field of Logistics and Supply Chain area in manufacturing and 100% export oriented industry, also […]
