Procurement is concerned with purchasing and arranging outbound movement ofmaterials, parts, and/or finished inventory from suppliers to customers.
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Under the FOB term, the risk of loss or damage to the goods is transferred from the seller to the buyer when goods pass the ship’s rail in the ____.
Mate’sreceiptisissuedbytheforwardertotheshipper.
The objective in inventory strategy is to achieve desired customer service with theminimum inventory commitment.
FOBmeansthatthesellerdeliverswhenthespasstheship’srailatthenamedportofdischarge.
AccordingtoINCOTERMS2000,()meansthatthesellerdeliversthegoods,clearedforexport,tothecarriernominatedbythebuyeratthenamedplace.