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23 Cards in this Set
- Front
- Back
Logistics |
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 |
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 |
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 |
network of organisations that are involved through upstream or downstream linkages. |
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Documentation in freight forwarding |
House Airway Bill, House Bill of Lading, commercial invoice, certificate of orogin, packing list |
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Customs brokerage |
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 |
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 |
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 |
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 |
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 |
Free on board, free alongside ship, cost and freight, cost insurance and freight |
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Ex works |
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 |
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 |
Seller is responsible for origin costs and freight costs up to named place of destination |
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Freight |
Goods transported in bulk by truck, train, ship or aircraft |
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Freight forwarding |
Service used by companies that deal in international or multinational import and export |
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Freight forwarder |
A commission agent performing on behalf of the exporter and importer routine tasks |
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Common carrier |
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 |
The negotiating, planning and implementation of supporting logistic arrangements between nations, their forces and agencies |
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Exporting requirements |
Packing, labeling, documentation, insurance requirements |
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Packing |
Move goods easily through customs |
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Labeling |
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 |
Usps, world courier, fed ex |