December 2006
Intermediate to advanced
464 pages
8h 29m
English
book
Global Sourcing Logistics: How to Manage Risk and Gain Competitive Advantage in a Worldwide Marketplace
by Thomas A. Cook
Content preview from Global Sourcing Logistics: How to Manage Risk and Gain Competitive Advantage in a Worldwide Marketplace
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issued by the drawee’s bank. Compared to an irrevocable
letter of credit, which is totally binding without both par-
ties written agreement.
SOP: Standard operating procedure. Written guidelines on
how corporate affairs are managed following consistent
ideology, wording, and focus.
Sourcing: Transferring the location of manufacturing to a
foreign location, but maintaining all or some control over
the ownership of the manufacturing process.
Tariff: A tax on imports or the rate at which imported
goods are taxed.
Time draft: A draft that matures in a certain number of
days, either from acceptance or date of draft.
Tracking: A forwarder’s or carrier’s system of recording
movement intervals of shipments from origin through to
final destination.
Trade acceptance: ...
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