As per January 2020, a new set of Incoterms® 2020 will become active. This is a set of trade terms which describe: Obligations: Who does what in organizing the carriage, insurance of goods, obtaining shipping documents, arranging for export or import licenses; Risk: Where and when the seller delivers the goods, in other words where… Continue reading
Did You Hear about Drones in Warehousing? It will soon be a decade since academic researchers, technology startups and even some large companies first started experimenting with drones for indoor applications – particularly in the supply chain industry for use-cases such as locating and counting inventory in warehouses or container trucks in yards, and of… Continue reading
Inventory carrying cost describes the cost incurred by a business for holding inventory over a particular period of time. Similarly, inventory carry cost is the sum total of expenses which a company acquires as a result of storage. The costs include taxes, insurance, cost of obsolesce, shrinkage, warehouse, damage and relocation. As long there is… Continue reading
Distribution centers or warehouses are constantly faced with the challenges of efficiently optimizing space due to its limited availability. It is no news that running a large-scale warehouse can incur heavy cost on the business. Which is why it is critical for warehouses or distribution centers to run as efficiently as possible and work on… Continue reading
In today’s world, foreign trade management is inevitable for all countries. Inasmuch as, no country can not produce sufficient quantities according to their needs. Sometimes they have surplus, sometimes vice versa and sometimes they can never produce. Countries, the production which is surplus sells the goods to foreign companies in order to have foreign currency. … Continue reading
Cost minimization is a key factor in handling logistics services, and this is becoming a growing interest in quality enhancement. However, Logistics Service Quality is difficult to quantify as it is a function of data gathered from variable client insights on the measurement process over time. The Logistics Service Quality can be defined regarding two… Continue reading
Today we welcome a special guest amongst us in person of Wajeehuddin Ahmed. Wajeeh Ahmed as he is popularly called is currently the Senior Vice President, SVP – Commercial, and is in charge of the entire Shipping and Logistics line of business for Texture Holding & Investment Group globally. Wajeeh, a specialist in versatile shipping… Continue reading
There are a number of excellent Online Logistics Courses available to aspiring logistics professional that offers international professional qualifications in logistics. These Online Logistics Courses brings unique benefits with the standards you would expect from an international organization. The Online Logistics Courses are delivered by accredited training providers. There is a badge of international recognition… Continue reading
The supply and distribution is a complex and above all costly procedure. Many organisations fail to save these expenses due to lack of proper planning. Planning the routes when supplying several customers, located on diverse places, can reduce these costs, time and distance immensely. Therefore, this article aims to illustrate the issues when distributing and… Continue reading
is a Manufacturing Operations, Procurement and Supply Chain leader from international multi-site manufacturing experience in Electrical, Hydraulics and Internet industries
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