by TheBusinessProfessor | Feb 23, 2025 | Operations, Project, & Supply Chain Management
What is Free Alongside?Free Alongside Ship (FAS) is a shipping rule that states that a seller is obligated to deliver goods purchased by the buyer next to a particular vessel that the buyer designates. This rule is often used in a scenario when a buyer has a direct...
by TheBusinessProfessor | Feb 23, 2025 | Operations, Project, & Supply Chain Management
What is the Jones Act?The Jones Act, otherwise called the Merchant Marine Act of 1920, regulates maritime commerce across the United States. According to this federal law, citizens and permanent residents of the US are the only ones that can engage in merchant marine...
by TheBusinessProfessor | Feb 23, 2025 | Operations, Project, & Supply Chain Management
What is Delivered Duty Paid?Delivered duty paid (DDP) is a contractual agreement in which the seller assumes total responsibility for the transportation of goods purchased by buyers and all the costs associated therewith. This generally includes payment of shipping...
by TheBusinessProfessor | Feb 23, 2025 | Operations, Project, & Supply Chain Management
What is Collaborative Commerce (C-commerce)?Collaborative commerce, or collective trade, is the act of using technologies to facilitate the interaction and cooperation between the internal processes and personnel in an enterprise as well as business interactions among...
by TheBusinessProfessor | Feb 23, 2025 | Operations, Project, & Supply Chain Management
What is Cost and Freight (CFR)?Cost and freight (CFR) is a term associated with international trade or international shipping that puts the responsibility of transporting purchased goods on the seller. The seller pays all costs associated with the carriage of goods...
by TheBusinessProfessor | Feb 23, 2025 | Operations, Project, & Supply Chain Management
What is Quality Control?Quality control refers to a set of procedures through which businesses review their manufactured products to ensure they meet standard quality requirements. There are certain standards or qualities that products must meet. Failure of the...
