Gazi Sanaul Hasan

Retail Supply Chain & Industry 4.0 It’s to be expected that retail offer chains within the next ten to fifteen years are going to be hotbeds of disruption. The net and e-commerce have started a revolutionary method that’s gone approach on the far side adding some additional sales and provide the channel for shoppers. In fact, the business of meeting retail demand could be added simply mapped to a matrix than a clearly outlined, end-to-end chain. Retailers and their suppliers should initiate to adapt, which implies rethinking relationships, collaborating in a very important approach, learning to harness the Omni-channel construct, and driving technology development in addition as investing what’s on the market. Retailers ought to think about implementing these 5 initiatives into supply chain: Incentivize with free shipping  Free shipping continues to be the highest driver of e-commerce, with nearly ninety % of customers news that it might build them look additi...

‘How to open an LC’ by buyer “procedures to open a Letter of Credit” You (MR. A) entered into a contract with your overseas supplier to import machinery for production at your factory. As per your contract each other, you (MR. A) need to open a Letter of credit (LC). In this case, Letter of credit is opened by your bank (or other opening banks example: DBBL )  and beneficiary of the letter of credit is your overseas seller of machinery. Letter of credit is a guarantee given by DBBL bank (not you) to your buyer’s bank on account of your buyer. The amount under LC is transferred as per the terms and conditions mentioned in Letter of credit.   Procedures to open a Letter of Credit MR. A can approach DBBL bank to open a Letter of credit. The concerned officer at DBBL bank helps you in filling up the necessary application to open an LC. Since the LC is opened on the basis of your purchase contract, a copy purchase order/export contract has to be produced wit...