Category: Supply Chain Management

Supply Chain sustainability: The Walmart perspective


Abstract A sustainable supply chain is measured by triple bottom line “Impact on people, profits and the planet”, which are the upstream components of the supply chain.This shift in paradigm usually reflects        the    understanding   that the sustainable supply chains are…

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


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 alsoused 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…

International Procurement: Highlights on some essential 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 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,…