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An Advanced Shipping Notice (ASN) is an electronic notification sent by a supplier to a buyer, detailing the contents and shipment information of a forthcoming delivery. It typically includes information such as the shipment date, carrier, tracking number, and item details. ASNs helps in: * Streamlining the receiving process, * Improving inventory
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An Air Waybill (AWB) is a document issued by an airline or its agent, serving as a contract of carriage between the shipper and the carrier for goods shipped by air. It provides detailed information about the shipment, including the consignor, consignee, description of goods, and flight details and allow
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A Bill of Lading (B/L) is a legal document issued by a carrier to a shipper, detailing the type, quantity, and destination of the goods being shipped. It serves as a receipt for the shipment, a contract between the carrier and shipper, and a document of title, allowing the
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A Bill of Materials (BOM) is a comprehensive list of raw materials, components, and assemblies required to manufacture a product. It includes quantities, part numbers, and descriptions of each item needed for production. The BOM is essential for production planning, inventory management, and cost estimation, ensuring that all necessary materials
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A Certificate of Insurance is a document provided by an insurance company, confirming that insurance coverage has been secured for the shipment of goods. While it is not mandatory to obtain a certificate of insurance, this provides financial protection against potential losses or damages during transit. An exporter can obtain
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A Certificate of Measurement is a document that specifies the dimensions, weight, and volume of cargo. Issued by an authorized surveyor or measurement company, this certificate is used to verify that the shipment meets the required specifications and is essential for freight calculation, customs clearance, and logistical planning. Accurate measurement
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Fourth-Party Logistics (4PL) refers to a logistics service provider that manages and integrates the entire supply chain on behalf of a client. A fourth-party logistics provider (4PL) offers a more comprehensive service by overseeing the entire supply chain, which encompasses not just fulfillment and shipping, but also transportation and technological
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Inventory management is the process of overseeing and controlling the ordering, storage, and use of a company's inventory. This includes raw materials, components, and finished products. Effective inventory management ensures that the right quantity of items is available at the right time, minimizing costs associated with holding excess
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Lean Logistics is a supply chain management approach focused on minimizing waste and improving efficiency. It involves streamlining processes, reducing inventory levels, and optimizing transportation to enhance productivity, reduce costs, and improve customer satisfaction. For example, Agile, DMAIC and more.
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Marine insurance is a type of insurance specifically designed to cover the loss or damage of ships, cargo, and other movable property during sea transport. It includes various types of coverage, such as hull insurance for the vessel and cargo insurance for the goods being transported. Marine insurance provides financial
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A Master Document is a comprehensive, authoritative document that consolidates and organizes all necessary information and documentation related to a particular process, project, or transaction. In international trade, a master document may include contracts, invoices, certificates, and other critical documents. It serves as a reference point, ensuring consistency and completeness
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A packing list is mandated by Foreign Trade Policy - Section 2.06 (a), under which a detailed document is to be provided by the shipper that itemizes the contents of a shipment. It includes information such as the description of items, quantities, weights, dimensions, and packaging details. The packing
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Supply Chain Management (SCM) involves the planning, coordination, and control of all activities involved in sourcing, procurement, conversion, and logistics. SCM aims to optimize the flow of materials, information, and finances from suppliers to end consumers. Effective SCM enhances efficiency, reduces costs, and improves customer satisfaction by ensuring timely delivery
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Third-Party Logistics (3PL) refers to outsourcing logistics and supply chain management to an external service provider. A third-party logistics provider (3PL) specializes in handling order fulfillment tasks such as storing inventory, selecting and packing items, and dispatching shipments.
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A Transport Document is a legal document issued by a carrier or freight forwarder that details the terms and conditions of the transportation of goods. It serves as evidence of the contract of carriage, a receipt for the goods, and a document of title, facilitating the movement and transfer of
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