Supply chain management refers to the set of activities which helps in connecting the value chain from the exporter to the importer. Supply chain management includes activities like inventory management, Purchase order, Airway / Seaway bills, export/import documentation, shipping, Logistics, freight insurence and all the other allied activities which helps in movement of physical commodities from the raw material supplier to the end importer.
In international trade normally supply chain activities get extended from one country to another country involving a large number of third-party company’s which may include even the national rail carriage, inland container depot container manufacturing and leasing companies, road and inland water transportation including global merchant shipping companies.
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The components of Supply chain management
1> Planning
2> Sourcing
3> Making
4> Delivering
5> Returns
Having a robust supply chain management system is the first pre-requisite of the success of any international trading company.
Advantages of Supply Chain Management
- Better collaboration with exporters and importers
- Better quality control and inventory management
- Shipping documentation and optimisation
- Optimized inventory and overhead costs
- Improved risk mitigation and better compliances
- Stronger cash flow and working capital availability
- A more agile business which is adaptable to change
- Better visibility, business analytics and management decision making
We have invested heavily into expanding our supply chain management services for international trade
This is one of our strongest area which gives us competitive advantage.