The blockchain technology: A discussion in the Perspective of supply chain management

Beer_Distribution_Game_Board

Abstract With block chain technology and other technologies like AI can solve most of the supply chain management week points and make it more reliable. The cryptocurrency technology is also  used by some supply chains such as VeChain,Waltonchain – Clothing Supply Chain, Ambrosus -Food & Medicine Supply Chain, Modum – Pharma Supply Chain etc.The power of a block chain enabled supply chain is that through block chains, companies gain a real-time  digital ledger of transactions and movements for all participants in their supply chain network. Better visibility into procurement, more accurate and reliable data for analytics, and  increased trust among all participants  in our supply chain network are some of the benefits  of adding block chain to our infrastructure.Integrating block chain into your supply chain  doesn’t need to be very much complex. Keywords: A block chain, a supply chain, digital ledger etc.   Introduction…

Sourcing Decisions and Third Party Supply Chain Management Service Providers

B_Image

  Abstract: Supplier Scoring is used to rate Supplier performance.Impact on Supply Chain surplus and total cost is the basis of comparison between suppliers.If sourcing process is effective it improves profits for the firm and total supply chain in various ways. A firm may like to keep a supply   chain function  in  the  house if   outsourcing increases the third party power significantly. Firms often like to keep the  supply chain function in the house, if there is a chance to leakage of intellectual property or other sensitive information,  especially when  the third party also serves the competitors also.Since late 1990s the trend of outsourcing a greater range of  supply chain function has been growing.With more globalization of business customers are looking for players, who  can manage virtually all aspects of their Supply Chain, which is being called 4PL.A  4PL is an integrator ,who assembles the supply chain resources, capability and technical areas of its own and other organization to design, build and run comprehensive supply chain solutions. Keywords:Supplier, 3PL,4PL, Sourching,Supply Chain Management etc. Introduction: Sourcing is the whole set of business processes, which is necessary to buy goods and services required by the Supply Chain. Most important…

International Procurement: Highlights on some essential incoterms

Bangladesh-Bank-data

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 thepoint 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 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,…

About International Procurement: Freight Prepaid and related incoterms

Blog-Inco-images-copy

Abstract: “Freight Collect” & “Freight Prepaid” are two shipping terms, which indicate whether consignee has the primary liability to the carrier for the shipping charges in a procurement process. EXW, FCA, FOB, FAS etc Incoterms are used for “Freight Collect” shipment. Now, we would like to discuss about incoterms which can be used for different types of “Freight Prepaid” shipments based on Incoterms 2010 published by ICC. Article: Introduction: Transportation is one of the Drivers of Supply Chain. The term Freight denotes transportation charges. The International Commercial terms or INCOTERMS refers to whether the shipper/consignee responsible to pay the freight or transportation charges. The Incoterms: “Freight Collect” &…