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Resources for all6.1 Introduction There are various institutions involved in international finance transactions, such as financial institutions, government entities and central banks. Other organizations include microfinance and development institutions, such as the World Bank and the International Monetary Fund. 6.2 Institutions involved Read More …
5.1 Introduction To succeed in today’s global marketplace and win sales against foreign competitors, exporters must offer their customers attractive sales terms supported appropriate payment methods. Because getting paid in full and on time is the ultimate goal for Read More …
COMMERCIAL ASPECTS IN INTERNATIONAL CONTRACTING Learning outcomes Upon completing this topic, you should be able to: identify the use of INCOTERMS in international trade as well as the different rules under INCOTERMS 2010. 4.1 Introduction The Incoterms 2010 rules (International Read More …
TOPIC 2 : Procedure And Documentation In International Purchasing Methods Of Specifying Requirements In International Purchasing Specification: A specification for an item has been defined as ‘a statement of the attributes of a product or service. It is basically a Read More …
TOPIC 1 INTRODUCTION TO INTERNATIONAL PURCHASING Definition 1: In a global economy, international procurement is a term used to describe the process of allowing firms around the world to bid on contracts for goods and services. The concept has gained Read More …
TOPIC 8 PHYSICAL DISTRIBUTION Definition Physical distribution is the group of activities associated with the supply of finished product from the production line to the consumers. The physical distribution considers many sales distribution channels, such as wholesale and Read More …
TOPIC 7 PAYMENT PROCEDURE 1. Meaning of payment A payment is the transfer of an item of value from one party (such as a person or company) to another in exchange for the provision of goods, services or both, Read More …
TOPIC 6 RECEIVING AND INSPECTION OF GOODS Receiving of incoming goods Introduction: Receipt of goods in a working environment is a very important exercise since it accounts to verification of consignment from various quarters. It calls for authorized Read More …
TOPIC 5 ORDERING PROCEDURE This is a set step process of acquisition of goods , services and works as recommended PPDA (2005) A: IMPORTANCE OF FOLLOWING PURCHASE PROCEDURES 1. Ensure public organisations get value for money 2. Read More …
TOPIC 4 SOURCING Introduction to sourcing Definition of sourcing Sourcing is the process of identifying, selecting and developing suppliers. The definition of sourcing can be simple or much more complex, the simple definition is “the process involved in identifying Read More …