1. EXW: what is it and what are its pros and cons? 2. Plus more Incoterms explained. What is the advantage for the shipper in EXW? When goods are sold on an EXW basis, the seller is not responsible for any costs or risks associated with getting the goods to the buyer. The buyer is … Read more
The term “Understanding Business and Customer Relationship Management” refers to the ability to comprehend and manage the relationships between businesses and their customers. This encompasses understanding customer needs and wants, as well as having the ability to effectively communicate with and serve them. Customer relationship management (CRM) is a term that refers to the various … Read more
The term “corporate citizenship” refers to a company’s commitment to being a good citizen within the community in which it operates. This includes being a good steward of the environment, being a responsible employer, and being a good neighbor. Corporate citizenship also encompasses a company’s commitment to social responsibility, which includes supporting charitable causes and … Read more
The term “How Active Partners Work” refers to the way in which business partners work together to complete tasks and goals. This term is often used in the context of a business partnership, as it describes how the partners work together to complete the tasks and goals set forth by the partnership agreement. What are … Read more
The CAF is a charge assessed by ocean carriers to account for currency fluctuations. It is applied to the base ocean freight and is usually assessed on a per-container basis. The CAF is designed to protect carriers from revenue losses that may result from currency fluctuations. When a carrier invokes the CAF, they will usually … Read more
A commission in financial services is a fee charged by a broker or other financial professional for their services. This fee is typically a percentage of the transaction value, and is paid by the party initiating the transaction. For example, a stockbroker may charge a commission of 2% for buying or selling shares on behalf … Read more
The term “The Ins and Outs of Insourcing” refers to the process of bringing work or services back into your company that were previously outsourced to another company. This can be done for a variety of reasons, such as to save costs, to improve quality, or to gain more control over the work being done. … Read more
Transloading is the process of transferring goods from one mode of transport to another. This can be done either directly, or indirectly via a transfer facility. Transloading is often used to improve the efficiency of supply chains, by reducing the need for multiple handling of goods and reducing transport costs. It can also be used … Read more
Add-on sales are a type of sales strategy where a company offers additional products or services to customers who are already interested in buying a main product or service. This type of sale is often used in order to boost revenue and increase the overall value of the transaction. There are a few different ways … Read more
What Is a Request for Proposal? A request for proposal (RFP) is a formal document that a company or organization issues to solicit bids from vendors for a project or service. RFPs are typically used when a company needs to procure goods or services and wants to ensure that it receives the best possible bids … Read more
