Sharing knowledge & skill development in the field of
Focused Online Education
This is an initiative for sharing knowledge & skill development in the field of Management Education & Industry , especially IMPORT / EXPORT procedures, Supply Chain Management etc.
Our aim is to develop and run an online platform to assist Management professionals and students to enhance their knowledge in this field to improve their performance & take up higher responsibilities in their career.
This way, we can reach a wider audience with out limitations of boundaries.
We are a small consultancy organization started in the year 2013 at Chennai, India. Presently, we operate from Kochi, Kerala State, India.
We conduct online training programs in the field of supply chain management with focus on International Business & International Trade
Purchasing is a better form of buying. It is a detailed exercise to understand materials and needs additional data collection regarding market trends, demand & supply chain, rates etc.
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Cargo can go by Sea Freight or Air Freight. Sea Freight is Cheaper, but time taking as it takes few weeks to reach European ports from India, with transhipment at Colombo / Salala / Singapore port.
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It is different from domestic buying as it is trade across national boundaries and involve many external agencies other than the buyer & Seller , like transporters for Inland transport...
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You need to collect information from Internet, trade fairs, foreign missions and start interacting with suppliers regarding their experience in this field, products, regular customers, financial capacity, spare capacity , willingness to work with you etc.
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These are International Commercial Terms accepted by International Chamber of commerce so as to avoid confusion among parties who take part in International Trade. These terms fixes responsibilities & risks of buyer & seller in the trade process as far as sending the materials are concerned.
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Indian Rupee (INR) is not fully convertible as on date & any Importer to approach a bank authorised by Reserve bank of India (RBI) to get Foreign Exchange ( Forex) in hard currencies like USD, GBP, Euro, Japanese Yen etc. for making payments to the overseas supplier.
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This is an agreement in International Trade between the original Buyer or Intermediate Buyer and the new Buyer, detailing the terms & conditions of resale. This transaction happens while cargo is still in the International waters, on its way from one country to another. Hence it is called High Sea Sale.
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It is the grouping of management functions related to the complete cycle of materials from the purchase and internal control of production materials, Work-in progress materials to finished products warehousing , shipping and distribution. As materials cost account for substantial part of the product cost, efficiency improvement in the process can be rewarding.
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Prior to Export of the ordered commodity, a pre-despatch inspection is necessary by the buyer or a third party inspector. It is practically difficult to check all items, which may be thousands of items.
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It is interesting to check what is the relevance of getting practical knowledge in the areas of Supply chain management and international trade these days. In many manufacturing companies, materials cost account for 50% -75% of the finished product cost. This being a substantial portion of total cost involved, a careful attention to be given to manage properly by trained people.
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