Gazi Sanaul Hasan

There are two types of invoices commonly used by businesses in export and import: Proforma Invoices & Commercial Invoices. These are the two most important documents. Curious to know the responsibilities of each invoice for your business? Keep on reading! Proforma invoices and commercial invoices are key to business for import and export businesses. These are the two very important documents while dealing with clients. Every time there is a business deal finalized the buyer has to send in purchase order to the vendor. He could also open a letter of credit. Before the buyer can issue a letter of credit to the vendor, he has to send a pro forma invoice to the buyer. This document contains all the necessary information and terms pertaining to the sale. The Proforma invoice is the document that shows a commitment on the part of the seller to sell the goods according to the pre-decided terms and conditions. Once a proforma invoice is issued to the buyer, he has to ...

"Amateurs talk about strategy. Professionals discuss logistics." Every company uses logistics even though full-time logistics managers may not be employed. The work of a logistician begins with bringing in the supplies and raw materials necessary for a business or organization to operate. Inbound logistics are then used in conjunction with outbound logistics to distribute products or services where they are in demand. If you are thinking about a career change, the field of logistics has much to offer. 1. What are the activities performed at the operational level in logistics? Various activities at the operational level including • Goods receipt and checking • Bulk storage • Order picking • Stock replenishment • Order marshaling • Load Scheduling • Returns • Availability of Personnel • Update of stock • Completion of documentation 2. What does a bill of lading include? A bill of lading includes the following details • Name and complete address o...

Supply Chain Management strategy planning and operation"  by "Sunil Chopra, Peter Meindl, and D.V. Kalra". In NITIE (the mecca of supply chain) this book is considered as Bible of supply chain and really helps to understand the concept of the supply chain, strategy framework, planning and operational decisions within Supply chain.   Best books of Supply Chain Management & Logistics Essentials of Supply Chain Management by Michael H. Hugos Logistics and Supply Chain Management by Martin Christopher Designing and Managing the Supply Chain by David Simchi-Levi, Philip Kaminsky and Edith Simchi-Levi Purchasing and Supply Chain Management by Robert Monczka, Robert Handfield, Larry Giunipero and James Patterson Logistics Management and Strategy: Competing through the Supply Chainby Alan Harrison and Remko Van Hoek Manufacturing Planning and Control for Supply Chain Management by F. Robert Jacobs, William Berry, D. C...

Letter of credit A commercial letter of credit or documentary credit maybe defined as an instrument,usually issued by a bank at the request and for the account of its client which indicates that the bank agrees to pay to the named beneficiary a sum of money upon the presentation of certain documents. The use of letter credit for financing export shipments has long been popular with exporters.A l etter of credit is only as good as the bank that issues it and if confirmed the bank that confirms it. Types of Letter of credit   1.Revocable and irrevocable A revocable letter of credit can be changed or cancelled by the bank that issued it at any time and for any reason. An irrevocable letter of credit cannot be changed or cancelled unless everyone involved agrees. Irrevocable letters of credit provide more security than revocable ones. 2.Confirmed and unconfirmed  When the Letter of credit is guaranteed by adding payment confirmation by the advis...

What is blockchain? The blockchain is a digital ledger that keeps a record of all transaction taking place on a peer to peer network.All information transferred via blockchain is encrypted and every occurrence recorded meaning it can not be altered.  It is decentralized so there is no need for any central certifying authority.It can be used for much more than the currency, contracts, records and other kinds of data can be shared.Encrypted information can be shared across multiple providers without risk of a privacy breach.  Blockchains are a technology of tomorrow, not today A combination of new technologies artificial intelligence, big data, machine learning, the internet of things, mobile money, digital identity and, most importantly, 3D printing is poised to seriously disrupt these underlying processes. They'll make manufacturing more responsive and customizable to customer's orders in effect, turning  supply  chains into  demand  chain...

9 Tips on How to Choose a Freight Forwarder 1. Is the freight forwarder’s company big enough to handle your global business? How many service contracts do they have? If it is important your goods are shipped with the first sailing vessel then you should work with forwarders who have various carrier contracts. This is also very important in peak season when space becomes a problem. If your forwar der has more than one carrier option then the chance of your cargo getting on board will be higher. Your forwarder can always find an alternate option if they have various carrier contracts. 2. Can the freight forwarder handle the product you want to ship or do they specialized in certain commodities? Make sure the freight forwarder has some knowledge of your product. 3. Does the freight forwarder have a good network of global agents at origin/destination ports? A good network of overseas agents ensures a smooth information flow which helps you to know where your product is and help you ...