2024-04-16 11:08
Field 44C Latest Date of Shipment is a conditional field in a letter of credit. Either field 44C or 44D (Shipment Period) will be present [...]
The post Field 44C Latest Date of Shipment in… Read More
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Global Supply Chain Management Blog
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SCMWIZARD is an information blog which was founded to share resources about global supply chain management to readers. Not limited to but it discusses the latest economy, business, supply chain, logistics issues. It’s a platform for sharing knowledge.
2024-02-14 08:03
The logistics sector has grappled with significant disruptions since the COVID-19 outbreak, with lasting impacts on supply chains and rising costs. As a solution, providers [...]
The post In… Read More
2023-06-15 06:53
In recent years, supply chain executives and their teams have faced substantial challenges, regardless of the industry they operate in. With supply shortages and labor [...]
The post Leverag… Read More
2023-01-04 11:11
This article will offer some tips and tricks for small businesses that are looking to transport goods. We asked experts from different industries to share [...]
The post 18 Important Transpo… Read More
2023-01-04 11:11
This article will offer some tips and tricks for small businesses that are looking to transport goods. We asked experts from different industries to share [...]
The post 18 Important Transpo… Read More
2022-07-25 16:33
Supply chain business intelligence is gathering data from various sources and then analyzing it to find patterns and trends that can predict future events. It [...]
The post Improving Your B… Read More
2022-07-25 16:27
Why Field Service Management Software is Crucial for Your Business Field service management software is crucial for your business as it helps you to get [...]
The post Reasons to Adopt Field… Read More
2022-07-21 09:07
F32B is a mandatory field in M700 type SWIFT msg. This field mentions the currency code and amount of the Letter of Credit. This amount [...]
The post Field 32B Currency Code, Amount appeare… Read More
2022-06-30 04:36
Field 43T Transhipment is an optional field in MT700 type SWFT msg. This field indicates whether the Transhipment is allowed or not under this letter [...]
The post Field 43T Transhipment in… Read More
2022-06-25 07:05
This is a mandatory field in MT700 type SWIFT msg. This field indicates the date on which the LC is being issued by the Issuing [...]
The post Field 31C Date of Issue in Letter of Credit app… Read More
2022-06-19 03:48
Field 49 Confirmation instructions is a mandatory field in MT700 type SWIFT msg. This field contains confirmation instructions for the LC receiver. According to SWIFT [...]
The post Field 49… Read More
2022-06-17 09:36
Field 51a Applicant Bank is an optional field in MT700 SWIFT message. This field specifies the Applicant bank if it’s different from the Issuing bank. [...]
The post Field 51a Applican… Read More
2022-06-04 17:06
F43P is an optional field in a Letter of Credit. This field specifies whether the partial shipment is to be allowed or not in this [...]
The post Field 43P Partial Shipments in Letter of Cre… Read More
2022-04-19 05:37
F40E: Applicable rules are a mandatory field in MT700 SWIFT message. This field specifies the rules which is followed by this LC is issued. This [...]
The post Field 40E: Applicable Rules ap… Read More
2021-06-03 09:24
Blockchain is one of the most progressive technological trends in recent years. The reason for this popularity is the development of cryptocurrencies. But
The post The role of blockchain te… Read More
2021-06-03 05:05
F59: Beneficiary is a mandatory field in MT700 SWIFT message. This field specifies the party on which favor the LC is issued. Like the Applicant
The post Field 59 Beneficiary in L… Read More
2021-04-22 09:11
SWIFT is a secure message platform used by banks. There are various types of SWIFT messages used in different cases. Here we are
The post MT700 SWIFT Message in Documentary Credit appeared… Read More
2021-04-21 09:27
LCAF form is a Letter of Credit Authorization Form. It is used to allow opening LC (Letter of Credit) to import from abroad.
The post LCAF (Letter of Credit Authorization Form) appeared fir… Read More
2021-04-16 13:53
The creation of a product or service involves a full range of activities or steps between conception and distribution. This includes raw materials
The post Activities of the Value Chain Exp… Read More
2021-04-13 11:01
Every business in the contemporary globalized marketplace wants to achieve a competitive advantage to stay in business longer. But it is not all
The post Why Achieving Strategic Fit through… Read More
2021-04-11 09:13
F71D (Charges) is an optional field in the MT700 type SWIFT message. This field specifies the charges borne by the beneficiary. Actually, it
The post F71D (Charges) in Letter of Credit appe… Read More
2021-04-08 07:21
F50: Applicant is a mandatory field in MT700 SWIFT message. This field specifies the party on which request the LC is issued. Actually,
The post Field 50 Applicant in Letter of Credit (LC)… Read More
2021-04-04 07:27
Proforma Invoice (PI) is a must document for Letter of Credit. This document provides information regarding goods/services quantity, price, delivery, buyer and seller
The post Proforma Invo… Read More
2021-04-02 14:11
An effective organization has, among others, an efficient procurement process at the core. An optimized procurement strategy has a positive domino effect throughout
The post How to Optimize… Read More
2021-03-25 10:13
Every startup’s goal is to achieve scalability and adapt to an enormous workload without losing revenue or performance. But it is not every
The post 7 Ways to Scale Your Business thro… Read More
2021-03-23 17:39
When it comes to the discussion of the letter of credit, then obviously you have to know about UPAS LC. This is a
The post UPAS (Usance Payable at Sight) LC explained appeared first on SCM… Read More
2021-03-23 06:13
After choosing the most suitable space for your company among the commercial properties for sale, it is time to plan for the move.
The post The Complete Office Relocation Checklist appeared… Read More
2021-03-23 05:27
Logistics and supply chain is one of the most challenging concepts for eCommerce businesses. Due to the increasing global demand for procurement, manufacturing,
The post 7 Supply Chain Outs… Read More
2021-03-21 10:50
Field 39A is the percentage credit amount tolerance mentioned in the MT700 SWIFT message of the Documentary Letter of Credit. The tolerance is
The post Field 39A Percentage Credit Amount To… Read More
2021-01-12 13:04
Supply chain management is one of the world’s most critical infrastructures. It is an important process of managing and coordinating the shipping of
The post Why Health & Safety I… Read More
2020-12-02 11:22
With the rapid rise of e-commerce, especially with the Covid-19 outbreak, the demand for warehousing has drastically increased. Typically, online retailers offer a
The post 15 Common Wareho… Read More
2020-08-04 06:03
F48 is an optional field in MT700 swift message of Documentary letter of credit. F48 (Period of Presentation) field defines the period of
The post Field 48 (‘Period for presentation i… Read More
2020-07-21 07:04
Tracking freight used to be a difficult task, as railyards and shipping companies relied on pencil-and-paper logs. Now, with AEI tags and other
The post How to Keep Track of Your Freight Sh… Read More
2020-06-28 12:22
Previously I’ve discussed important fields present in a Letter of Credit (i.e F46A Required Documents, F47A Additional Documents, etc.). Here we will discuss
The post Field 57A (&lsqu&hell…Read More
2020-02-11 08:46
Reaching the top in the supply chain industry is challenging but that task is even more demanding if you don’t have the right
The post Key Steps for Developing a Supply Chain Employer… Read More
2020-02-02 06:01
The shipping world is rising rapidly, and so is the importance of a right freight forwarder or forwarding agent. It’s because they act
The post What Services can a Freight Forwarding… Read More
2020-01-22 03:48
The end of the year (and decade) is closing in, and you have yet another wonderful chance to look at your business and
The post Proven Ways to Cut Costs & Lower Your Business Expenses a… Read More
2020-01-08 11:44
As online shopping and the world of e-commerce takes over, the standard of packaging has increased too. Ecommerce businesses are forced to step
The post Ecommerce Packaging to Reduce Costs… Read More
2019-12-31 03:53
When you plan to obtain a storage container, the first thing that should come to your mind is whether you should buy one
The post Top Tips And Tricks For Hiring Storage Containers appeared… Read More
2019-12-04 17:17
The blockchain technology has been around for a decade now. There are many stories circulating about this technology’s potential implementations in various business
The post How Block… Read More
2019-12-02 14:01
Having an inventory is one heavy task. Taking care of all the products. Looking after the accounts. Tracking accidental damages and whatnot! Yes,
The post 8 Common Inventory Management Mist… Read More
2019-12-01 13:03
Automation is turning out to be the primary driver of operational efficiencies in warehouse inventory management, driven by increasing supply chain velocity and
The post Automated Sto… Read More
2019-11-06 05:43
Today more than ever, our lives are intertwined with technology and the digital world to such an extent that we live and breathe
The post How Small Businesses Can Keep Their Data Secure app… Read More
2019-10-25 13:27
The modern business world is so heavily saturated that businesses nowadays simply need to employ multiple marketing strategies to help raise awareness and
The post Help Your Business Reach… Read More
2019-10-25 13:07
The management and delivery of shipments have always been a complicated and challenging process. It is a combination of efficient order processing, packaging,
The post 13 Ways to Improve Su… Read More
2019-10-16 04:06
New technology is being developed and new market trends are arising. This is forcing the O&G sector to abandon their traditional ways of
The post 4 Strategies for a Sustainable Oil and… Read More
2019-08-10 04:04
It’s hard to stay productive when motivation is at an all-time low. Since the Bronze Age, battles have been won and lost solely
The post 7 Ways to Raise Employees’ Performance a… Read More
2019-08-01 04:05
At the end of the financial year, you more than likely did an audit on your waste packaging, or just your packaging usage,
The post 5 Ways Warehousing Companies Can Reduce Industrial Packag… Read More
2019-07-25 05:04
Logistics is the oil which makes trade machine functions smoothly. Managers’ duties start and end with good organization and they need to keep
The post Logistics Challenges You May En… Read More
2019-07-13 11:14
This is an optional field in MT700 type SWIFT message of a documentary Letter of Credit (L/C). These are the conditions which are
The post Field 47A (Additional Conditions) in Letter of Cre… Read More
2019-07-08 05:43
46A (Documents Required) is an optional field in MT700 type SWIFT message of a Letter of Credit (L/C). Here the list of documents
The post Field 46A (Documents Required) in Letter of Credit… Read More
2019-07-06 11:06
You must be familiar with this field as because it’s mandatory in Letter of Credit MT700 Swift message. Available With… It indicates the
The post Field 41D and 41A (Available W… Read More
2019-06-29 11:03
Opening your own business doesn’t necessarily need a college degree or business experience; it’s generally a learn-as-you-go process. But what you really need
The post 11 Steps… Read More
2019-06-10 11:39
Manufacturers, suppliers, brands, solopreneurs, and customers – all of these crucial actors depend on the efficiency and efficacy of the supply chain. As
The post 5 Reasons why Supply… Read More
2019-05-18 03:31
Bank and Payday Loans There is hardly a person in the whole world, who has never borrowed a sum or been indebted. Difficulty
The post About Loans and Borrowing appeared first on SCM Wizard Read More
2019-05-11 03:56
“Don’t count the days. Make the days count” Would it be an overstatement to say that staying organized will definitely pay rich dividends
The post Tips To Ensure Efficient… Read More
2019-04-13 09:04
Satisfied customers drive business success. There are, of course, many ways to keep customers satisfied. Obviously, you need a good product if you
The post Focus on Customer Experience to B… Read More
2019-03-05 12:42
Over the years the debt collection industry has expanded its arms across numerous verticals be it healthcare, finance, production etc. Market Statistics The
The post A complete analysis of… Read More
2019-03-05 12:15
Nowadays, this new trend of constructing with shipping containers is becoming more and more common amongst a large section of the population in
The post 5 common mistakes while constructing… Read More
2019-02-13 17:32
Any supply chain manager is on the constant search for a way to optimize the supply chain. We all look for ways to
The post Optimizing Your Supply Chain Starts with the Simple Stuff appeare… Read More
2019-02-09 04:47
It’s one thing having to manage a single supply chain involving a single store but managing a successful and efficient supply chain across
The post The Supply Chain of a Franchise &nd&hell…Read More
![Why You Need A Freight Forwarding Partner In Your Supply Chain? [Infographic]](https://cdn.blogarama.com/images/posts_thumbs_site_id/12774/1277350-3961495069.w320.jpg "Why You Need A Freight Forwarding Partner In Your Supply Chain? [Infographic]")
2019-01-25 11:26
Having a reliable service partner is one of the most important yet often overlooked aspects of a successful business. In this day and
The post Why You Need a Freight Forwarding Partner in Y… Read More
2018-12-22 03:20
The finance and banking industry is one of the most volatile of all the business-industries in the world. It is so because changes
The post 3 Disruptive Financial Trends to Watch Out for in… Read More
2018-12-13 03:18
Often, deposits can be the biggest challenge when it comes to buying your first home. With 10% now required after the 2008 financial
The post Buying your first home with a smaller deposit a… Read More
2018-11-18 03:43
Supply Chain Management involves the management of a company’s supply chains by ensuring the efficient and effective flow of products and services, in
The post How to Learn Supply Cha… Read More
2018-11-18 03:06
The Australian transport and logistics industry is vital to the economy and productivity of the nation. According to the Australian Logistics Council, the
The post Transportation and Logist… Read More
2018-10-12 15:27
For college students, the undergrad years are usually one of most carefree times in life. But that’s only because many college students tend
The post How to Avoid Major Financial Cris… Read More
2018-09-25 11:18
Yes, you can save thousands of dollars on your home loan. Certainly, saving money on your home loan is crucial and this may
The post Can You Save Money on Your Home Loan? Let’s Find O… Read More
2018-09-03 15:42
Supply chains these days are quite complex and under constant threat of uncertainty, volatility and risk as compared to those in yesteryears. Customer
The post How to Improve Your Supply Ch… Read More
2018-08-31 12:48
Once you start, you have started your business the next step is to make sure it prospers. While creating a business is hard,
The post 5 Steps to Give Your Business A New Heights appeared fi… Read More
2018-08-30 11:21
Shipping containers are highly useful and versatile because not only are they used in the cargo industry, but they can also be used
The post Top 12 Amazing and Innovative Uses of Shipping C… Read More
2018-08-15 10:21
Buying a home in Australia is always exciting but challenging whether you are a first-time homebuyer or planning to upgrade. To help you
The post Buying a Home in Australia? Consider These… Read More
2018-08-13 16:23
For anyone who is new to the Shipping Industry, International Shipping process seems to be a bit difficult. There are some formalities and
The post International Shipping- The Do’s ap… Read More
2018-08-08 15:33
Certainly, buying a home is considered one of the significant financial investments in Australia. To buy a home, a sizeable home loan in
The post All about Home Loan Process appeared first… Read More
2018-08-06 17:40
A number of people even today think that global procurement and international procurement are often the same, but they are stark different from
The post Difference Between International Pur… Read More
2018-08-01 04:04
When it comes to measures for making our warehouse operations more efficient and profitable, the organization is right at the top of the
The post 7 Ways to Make Your Warehouse More Organize… Read More
2018-06-20 07:26
Тwо thіngs stаnd іn thе wау оf gооd mоnеу mаnаgеmеnt – wе аlw… Read More
2018-06-01 19:04
When running an import and export business, owners and managers typically stop evaluating the success of their operations once they have shipped
The post Common Mistakes in Import an… Read More
2018-05-16 10:17
The need to optimize business resources is increasing at an alarming rate because apart from costing you more than what is required, it
The post 7 Tips To Optimise Resources For Your Supply… Read More
2018-05-07 12:56
With the growing culture of startups in almost every business sphere, there is an increasing demand for transportation and logistics as well. There
The post A clean fleet is what you requir… Read More
2018-05-04 05:27
The primary objective of logistics management is to move the inventory in a supply chain effectively and efficiently to extend the desired level of customer
The post Objectives of… Read More
2018-04-04 04:53
How’s your credit score? This is a question that is very important as asking you – how’s your day? The reason why people
The post Key Mistakes That Can Harm Your Credit Sc… Read More
2018-02-20 15:28
While reading a news “Uber will cut 40,000 jobs in London” (because of its’ driverless cars), I was thinking about the situation in
The post How automation affects the Bus… Read More
2018-02-19 09:48
If you are looking to get a car for your business, you may be questioning yourself if it is better to buy or
The post Attention! Here’s What You Need to Know Before Getting a Car for… Read More
2018-02-07 18:37
It pretty much goes without saying that as far as a well-run warehouse is concerned, safety should always be your number one priority
The post 5 Tips to Ensure a Safe, Secure and Efficient… Read More
2017-12-03 17:21
Do you ever have a dream to buy a home on Australia’s sunny shores? If so, then it can come true with the
The post Let Us Help to Clear Your Doubts of Buying Your Dream Home in Austra… Read More
2017-11-21 05:52
Time is invaluable; there is nothing much practical and logical behind wasting your time in search of more efficient, affordable and safest way
The post The Pros of Logistics in Import/Expo… Read More
2017-11-14 11:28
Are you having a shortage of cash and want to buy a car? If so, a car loan is an option that can
The post Get Your Dream Car with the Help of Car Loans in Melbourne appeared first on SCM Wi… Read More
2017-09-16 06:20
No one football player gets the ball to the goal all on their own, not with an opposing team out in full force
The post 5 Keys to Achieving Supply Chain Synchronization appeared first on SC… Read More
2017-09-13 11:16
If you are planning to apply for a car loan, you definitely need the required documents that will help you to get approved
The post That’s all you need to know about car loans appeare… Read More
2017-09-12 07:09
Do you treat Purchasing term same as procurement? Well, there are certain differences. But here we are not discussing it. Our topic here
The post The Role of Sourcing in Supply Chain appear… Read More
2017-09-10 10:59
Here’s one important issue we have discussed here. As a supply chain person, you should identify the critical items of your organization. According
The post Supply positioning model s… Read More
2017-09-10 10:17
If you want to measure supplier performance either in pre or post purchase, you have to consider some criteria. You can then give
The post Supplier Capability Assessment appeared first on S… Read More
2017-09-05 17:06
Sometimes, when you need some help with your finances, you prefer personal loans. After all, it is the best option to get more
The post Give a Big Boost to Your Credit Score with a Personal… Read More
2017-08-28 09:08
It’s likely you have a smooth jogging life, but that by no means that there will not be a problem along. You are
The post Tips to Obtain Approved Personal Loan appeared first on SCM W… Read More
2017-08-10 14:41
Normally, people don’t think about succession planning. Especially in India, talking about someone’s death is not considered good and leads to a bad
The post Why is it Important… Read More
2017-08-07 14:57
As a rule, entrepreneurs usually don’t like to think about financial forecasts. However, they are a necessity, no two ways about it. Not
The post Don’t Let Your Finances Fall Ou… Read More
2017-07-30 16:14
F1 Pro Young investors want to make a name for themselves somehow. Look into F1Pro as needed for trades each day. That is
The post About forex broker F1Pro appeared first on SCM Wizard Read More
2017-07-28 09:50
FXTrade 777 Some of the best investors in the market are looking to foreign exchange possibilities. In particular, people seem to be
The post About Forex Broker FX appeared first on… Read More
2017-07-01 09:16
This being a blog about sales enablement, I’m going to skip the whole bit about its importance and get straight to the focus
The post Sales Enablement through Marketing Automation app… Read More
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