Contacting Suppliers & Manage Logistics

Defining Incoterms, Types of supplier, Finding supplier, compatitor supplier and Supplier Selection Criteria
Supplier contact template, negotiation tips, picking the perfect supplier, Ordering sample, shipping methods, order
quantity, purchase order and perfoma invoice
Understanding budget and expences (shipment cost, custom duties and HS codes)
Identify different Payment Terms (D/P, Sight, L/C etc.), Select the Payment Terms according to the requirement
Hire an inspection Service Provider (www.qima.com / www.sgs.com etc.), Provide reference product sample or
reference quality check points to inspection team
Find freight forwarder, Amazon Logistics, Identify Shipping Methods & Explore different transportation modes
Five major components of Logistics, Understand the role of 3PL
Recalculate profit margin based on opted method
Contact Freight Forwarders to finalize the Shipping mode

Assignment # 03