Logistics management is the control of the flow of goods, services from the source of production to the market. The process involves the need to plan, implement and control the efficient, effective flow & storage of goods. It requires knowledge of communication, transport and warehousing.
A company that spends time preparing its goods before shipping them overseas, will have their products arrive on time and at the right cost. Choosing the right shipping method is vital to a company’s export success.
A product has to made from transport of business goods from raw materials to assembling. A company’s products have to reach its customers doorstep. Transport plays a vital role in the trade today. Choosing the right shipping method, or combination of methods, is vital to product success as the company needs to get its products […]
An exporting company wants its products to arrive at its customer’s door on time, in one piece and free of legal tangles, the Exporter needs to take special care in Product packing, marking and labeling the goods.
One of the main differences between selling domestically and exporting is the export documentation required. Providing proper documentation with exporters shipments is essential. Although the paperwork involved in exporting may be more burdensome and costly than that required for domestic sales, it should not deter the local Exporter.
The last line on a balance sheet showing profit and loss is an example of the bottom line. Deteriorating bottom line impacts the entire value chain of the business. Never leave your bottom line to the bitter end, the earlier you improve it the more successful your business will be.
Exporting is not a quick fix for growth or poor local sales. It requires a strategic intention to implement, and dedicated eﬀorts in assessing the potential in export markets. It’s therefore important to commit to the export process.
If you are looking for a new business opportunity, steer clear of any company or person claiming they can offer you a “guaranteed” or “risk-free” business opportunity. If someone is promising you that you are going to earn a lot of money, but they’re being vague about what you would do or how you would […]
Finding a small business loan is often a necessity during the growth of your business, but it can be difficult to find a loan your eligible for. Learn, how lenders use these 6 basic factors to determine your eligibility for loan. Apply this knowledge, in finding the right lender and applying for the right loan.