Your supply chain partner
Your supply chain partner
Our most demanding procurement articles category where we share cover sourcing, local & foreign procurement etc stakeholders of a company.
The foreign procurement process refers to the steps and procedures involved in acquiring goods or services from suppliers located in other countries. Here is a general overview of the foreign/international procurement process: 1. Identify the Need: Determine the goods or…
In the realm of global commerce, successful transactions rely heavily on clear communication and well-defined terms. This is where Incoterms come into play. Incoterms, short for International Commercial Terms, are a set of standardized rules developed by the International Chamber…
Over 200 countries and 98% of world trade use this product nomenclature system – known as “Harmonized System” – regulated by the World Customs Organization. Harmonized System (HS) Code The Harmonized System (HS) code is a standardized numerical method of identifying products…
Foreign procurement is the process of sourcing goods and services from suppliers outside of one’s home country. It can be a complex and time-consuming process, but it can also offer significant benefits, such as access to lower prices, higher quality…
