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business innovation

7 Ways to Scale Your Business through Innovation

March 25, 2021May 6, 2021Mukit Comment

Every startup’s goal is to achieve scalability and adapt to an enormous workload without losing revenue or performance. But it is not every business that […]

upas lc

UPAS (Usance Payable at Sight) LC explained

March 23, 2021June 19, 2022Mukit Comment

When it comes to the discussion of the letter of credit, then obviously you have to know about UPAS LC. This is a solution for […]

Office Relocation

The Complete Office Relocation Checklist

March 23, 2021Mukit 1

After choosing the most suitable space for your company among the commercial properties for sale, it is time to plan for the move. Whether you […]

3pl oursourcing

7 Supply Chain Outsourcing Strategies That Will Triple Your Revenue

March 23, 2021March 23, 2021Mukit Comment

Logistics and supply chain is one of the most challenging concepts for eCommerce businesses. Due to the increasing global demand for procurement, manufacturing, logistics, and […]

F39A percentage tolerance

Field 39A Percentage Credit Amount Tolerance in Letter of Credit (LC)

March 21, 2021June 5, 2022Mukit 3

Field 39A is the percentage credit amount tolerance mentioned in the MT700 SWIFT message of the Documentary Letter of Credit. The tolerance is for both […]

Why Health & Safety Is Critical in the Supply Chain

Why Health & Safety Is Critical in the Supply Chain Industry

January 12, 2021Mukit Comment

Supply chain management is one of the world’s most critical infrastructures. It is an important process of managing and coordinating the shipping of goods and […]

Warehousing Mistakes

15 Common Warehousing Mistakes Increasing Inefficiencies & Business Costs

December 2, 2020March 19, 2021Mukit Comment

With the rapid rise of e-commerce, especially with the Covid-19 outbreak, the demand for warehousing has drastically increased. Typically, online retailers offer a wider array […]

Field 48 (‘Period for presentation in days’)

Field 48 (‘Period for presentation in days’) in Letter of Credit (L/C)

August 4, 2020June 3, 2021Mukit 3

F48 is an optional field in MT700 swift message of Documentary letter of credit. F48 (Period of Presentation) field defines the period of time in […]

Track Freight Shipments

How to Keep Track of Your Freight Shipments

July 21, 2020August 10, 2020Mukit Comment

Tracking freight used to be a difficult task, as railyards and shipping companies relied on pencil-and-paper logs. Now, with AEI tags and other easily-tracked technology, […]

Field 57A (‘Advise Through’ Bank) in Letter of Credit (L/C)

Field 57A (‘Advise Through’ Bank) in Letter of Credit (L/C)

June 28, 2020June 3, 2021Mukit 2

Previously I’ve discussed important fields present in a Letter of Credit (i.e F46A Required Documents, F47A Additional Documents, etc.). Here we will discuss Field F57A […]

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SCMWIZARD is an information blog which was founded to share resources about global supply chain management founded by Mohammad Mukit Ibn Siddique. Read more...

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