Category: Sourcing & Business Tips
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What Is Cognitive Procurement? 6 Ways It Is Different Procurement
There is a new way to handle procurement in the supply chain, which is called Cognitive Procurement. Cognitive procurement shows us how technology is truly changing how we do business. Cognitive procurement is using technology in the supply chain process. Everything from artificial intelligence to deep learning, data mining, pattern recognition, the Internet of Things,…
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Choosing Velotrade For Asian Based Invoice Financing And Discounting
I recently came across an excellent company that can help exporters like myself based in Asia. In fact, I wish I had known about this company years ago. Velotrade is a Hong Kong-based company that has offices throughout Asia. Their main focus is to help exporters finance and discount orders from large and smaller companies…
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What Does Incoterm Mean In Shipping?
Anyone who is involved in global trade should have a complete understanding of Incoterms. Incoterms are the worldwide accepted international trade rules.. Incoterms are the internationally accepted standard set of trade rules for all forms of global trade. Incoterms are trade rules by the International Chamber of Commerce (ICC). The Incoterms registered name by the…
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Product Sourcing And Strategic Sourcing Explained
Sourcing is part of supply chain management. Any importer, manufacturer, business owner, or retail store must look at sourcing products, goods, and services. Sourcing is an essential part of any procurement process. Product sourcing is when you source or look to find a supplier for a product you need. Strategic sourcing is strategically sourcing products.…
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Is the Chinese New Year and the Lunar New Year the Same?
Each January or February, many manufacturers, and offices in Asia take a long break for a festival they call the New Year. Many westerners may get confused as many different names are used for this important Asian holiday. The Chinese New Year and the Lunar New Year holidays are both based on the Chinese Lunar…
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What Are The Latest Social Media Trends? Digital & Social Media Trends 2021
Many people wonder if social media is dying. Are people just getting tired of platforms as Facebook and Instagram? The 2021 digital and social media trends show that our digital world and social media usage is significantly increasing. As the world starts to connect more with the internet, social media usage continues to grow. One…
