Incoterms provide a clear framework for establishing contractual agreements in international trade by defining the costs, risk transfer points, and liability management between suppliers and buyers.
They simplify the process by outlining who is responsible for various aspects of the movement of goods and handling issues such as letters of credit.
Effective management of logistics and supply chain operations is crucial in the complex world of international trade and the global economy.
Embracing new technologies, like blockchain and the Internet of Things (IoT), is essential for adapting to the evolving landscape.
From the moment an organization begins exporting or importing products, it should integrate these technologies to enhance efficiency and transparency.
This International Trade & Logistic Operations training course will focus on the management of logistics and supply chain operation as component essential in our international trade and global economy.
This training course will feature:
- The different supply chain models and design
- The application and characteristics of Letter of Credit
- Implications of Incoterms “series of three-letter trade terms” related to common
- contractual sales practices
- The application of Blockchain and "Internet of things"(IOT) in Supply Chain
- Improving strategic sourcing activities, moving the process beyond cost saving
- The importance of planning in successful negotiations
