Logistics

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Logistics

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process of strategically managing the procurement, movement and storage of materials, parts and finishing inventory (and the related flows of information) through the organisation and its marketing channel in such a way that current & future profitability are maximised through the cost- effective fulfilment of orders.

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Supply chain management

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The management of upstream and downstream relationships with suppliers & customers to deliver superior customer value at less cost to the supply chain as a whole.

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Supply chain management

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A network of connected & interdependent organisations mutually & cooperatively working together to control, manage and improve the flow of materials and

information from suppliers to end users.

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Supply chain

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network of organisations that are involved through upstream or downstream linkages.

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Documentation in freight forwarding

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House Airway Bill, House Bill of Lading, commercial invoice, certificate of orogin, packing list

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Customs brokerage

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It facilitates the import and export shipments and delivery of goods across geographical borders for individuals and organizations from one country to another

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Customs brokerage firm

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Responsible for knowing all of these rules and regulations and ensuring they are followed, in order to streamline the shipping of goods as much as possible for the individual organization

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Custom brokers

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Serve in effect ad translators, communicating with agencies and government theoughout the shipping process, to ensure that all the procedures have been followed

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Incoterms

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Set of rules which define the responsibilities of sellers and buyers for the delivery of goods under sales contracts for domestic and international trade

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Group 1 INCO:

EXW, FCA, CPT, CIT, DAT, DAP, DDP

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ex works, free carrier, carriage paid to, carriage and insurance paid to, delivered at terminal, delivered at place, delivered duty paid

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Group 2 INCO:

FAS, FOB, CFR, CIF

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Free on board, free alongside ship, cost and freight, cost insurance and freight

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Ex works

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Places maximum obligation on the buyer and minimum on the seller. It means the buyer incurs the risks of bringing the foods to their final destination

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Free carrier

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Seller is responsible for the delivery of goods, cleared of export at a named place. Buyer is responsible for unloading after delivery and loading into own carrier

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Carriage paid to

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Seller is responsible for origin costs and freight costs up to named place of destination

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Freight

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Goods transported in bulk by truck, train, ship or aircraft

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Freight forwarding

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Service used by companies that deal in international or multinational import and export

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Freight forwarder

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A commission agent performing on behalf of the exporter and importer routine tasks

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Common carrier

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A person, corporation and firms engaged in the business of transporting/ carrying of goods/ passengers both by land, water or air for compensation, offering their services to the public

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International logistics

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The negotiating, planning and implementation of supporting logistic arrangements between nations, their forces and agencies

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Exporting requirements

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Packing, labeling, documentation, insurance requirements

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Packing

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Move goods easily through customs

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Labeling

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Meet shipping regulations, ensure proper handling, conceal identity of contents, insure compliance with environmental safety standards

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Example of International Logistics Agencies

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Usps, world courier, fed ex