Category: Supply Chain Management

About procurement: Freight Prepaid related incoterm based on ICC amend. 2020.

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Abstract “Freight Collect” & “Freight Prepaid” are two shipping terms, which show whether a consignee has the primary liability to the carrier for the shipping charges in a procurement process. EXW, FCA,  FOB, FAS etc Incoterm  used  for “Freight Collect” shipment. Now, we would like to discuss Incoterm which can be used for different  “Freight Prepaid” shipments based on Incoterm of Sept 2019 published by ICC, also called 2020 amendment of  incoterm. Keywords: International Procurement, Freight Prepaid, Freight collect, Incoterm, ICC, Amendment 2020. Article Introduction Transportation is one of the Drivers of Supply…

5 Reason your Enterprise Need Supply Chain Integration

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Supply Chain Integration help in reducing product delays by improving the efficiency of the supply chains. The product delays are largely a by-product of mismatch in information and dis-coordination between the delivery, warehousing, and trading partners. This brings visibility to all parts of the supply chain and helps in giving adequate information about each step that ensures compliance, adherence to the safety standards and product quality. This helps in making supply chain agile and scale-able and gives confidence to the stakeholders to make sure the best practices are implemented at all the level of supply chain operations.