Field 47A (Additional Conditions) in Letter of Credit (L/C)
This is an optional field in the MT700 type SWIFT message of a documentary Letter of Credit (L/C). These are the conditions that are added […]
Purchase & Procurement
Field 46A (Documents Required) in Letter of Credit (L/C)
46A (Documents Required) is an optional field in MT700 type SWIFT message of a Letter of Credit (L/C). Here the list of documents is mentioned […]
Field 41D and 41A (Available With… By…) in Letter of Credit (LC)
You must be familiar with this field as because it’s mandatory in Letter of Credit MT700 Swift message. Available With… It indicates the bank for […]
Difference Between International Purchasing And Global Sourcing
A number of people even today think that global procurement and international procurement are often the same, but they are stark different from one another. […]
The Role of Sourcing in Supply Chain
Do you treat Purchasing term same as procurement? Well, there are certain differences. But here we are not discussing it. Our topic here is to […]
Supplier Capability Assessment
If you want to measure supplier performance either in pre or post purchase, you have to consider some criteria. You can then give a weighted […]
10 Thumbrules for Effective Negotiation Skills
1. Don’t negotiate You may surprise to hear that while negotiation you should reminder in your mind this word “don’t negotiate”. Then what should you […]
Top Tips and Things to Avoid When Trading Online
Online trading has become one of the most popular ways for countless individuals to accrue a supplemental income during their spare time. However, fortunes will […]