13 Ways to Improve Supply Chain Management for Business Growth

Improve Supply Chain Management

The management and delivery of shipments have always been a complicated and challenging process. It is a combination of efficient order processing, packaging, and delivery systems. Times have changed with the introduction of technology and software in almost every aspect of business and reduced the chances of manual errors that were earlier a prominent part … Read more 13 Ways to Improve Supply Chain Management for Business Growth

4 Strategies for a Sustainable Oil and Gas Supply Chain

Oil and Gas Supply Chain

New technology is being developed and new market trends are arising. This is forcing the O&G sector to abandon their traditional ways of operating and embrace new approaches. It’s not just the market that’s changing but also consumers themselves, as well as the entire industry environment. Without a new solution, O&G companies will face more … Read more 4 Strategies for a Sustainable Oil and Gas Supply Chain

5 Ways Warehousing Companies Can Reduce Industrial Packaging Waste and Help Protect the Environment

Reduce Industrial Packaging Waste

At the end of the financial year, you more than likely did an audit on your waste packaging, or just your packaging usage, and generated a report. The numbers that you saw probably shocked you. They would have shown just how much packaging your company has used in the past year. Of course, the packaging … Read more 5 Ways Warehousing Companies Can Reduce Industrial Packaging Waste and Help Protect the Environment

Logistics Challenges You May Encounter and How to Solve Them

Logistics Challenges

Logistics is the oil that makes trade machine functions smoothly. Managers’ duties start and end with good organization and they need to keep an eye on many operations. When they encounter an issue, especially with logistics, their response needs to be both adequate and swift. In light of that, here are a few instances of … Read more Logistics Challenges You May Encounter and How to Solve Them

Field 47A (Additional Conditions) in Letter of Credit (L/C)

Field 47A in LC

This is an optional field in MT700 type SWIFT message of a documentary Letter of Credit (L/C). These are the conditions which are added by the buyer/applicant or the issuing bank providing further instructions to comply. Additional conditions include the information should be mentioned in commercial documents (commercial invoice, packing list), email or fax instruction, … Read more Field 47A (Additional Conditions) in Letter of Credit (L/C)

Field 46A (Documents Required) in Letter of Credit (L/C)

field 46A in letter of credit

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 which to be presented. Under this field, the description of the required documents is described serially. Why F46A is not mandatory? In most of the commercial L/C, this field is … Read more Field 46A (Documents Required) in Letter of Credit (L/C)

Field 41D and 41A (Available With… By…) in Letter of Credit (LC)

Field 41D in Letter of credit

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 the presentation of documents. So the beneficiary identifies where the credit will be available upon presentation. There are two formats: 41A – This is mentioned where the nominated bank is identified … Read more Field 41D and 41A (Available With… By…) in Letter of Credit (LC)

5 Reasons why Supply Chain Management is Crucial for Business Success

Supply Chain Management is Crucial

Manufacturers, suppliers, brands, solopreneurs, and customers – all of these crucial actors depend on the efficiency and efficacy of the supply chain. As a business leader, whether you’re managing a franchise supply chain, or if you’re a solopreneur learning the ropes on how to improve your supply chain at home, you are tasked with a … Read more 5 Reasons why Supply Chain Management is Crucial for Business Success

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