by TheBusinessProfessor | Feb 23, 2025 | Operations, Project, & Supply Chain Management
What is a QR Code?A Quick Response (QR) Code is very similar to a traditional bar code. It is a printed digital image that can be read by a special code reader. The code is designed to store information. The actual code is made up of white squares with a black grid or...
by TheBusinessProfessor | Feb 23, 2025 | Operations, Project, & Supply Chain Management
What is a QMS (Quality Management System)?A quality management system consists of a number of processes aimed at efficient and accurate delivery of a value proposition to a customer, client, or end-user. The objective is to meet customer expectations and achieve...
by TheBusinessProfessor | Feb 23, 2025 | Operations, Project, & Supply Chain Management
What is the National Customs Brokers and Freight Forwarders Association?The National Customs Brokers and Freight Forwarders Association is an international trade advocacy organization in the United States that aims to educate their members regarding legislative and...
by TheBusinessProfessor | Feb 23, 2025 | Operations, Project, & Supply Chain Management
What is New-to-Export?New-To-Export is a term used for describing the enterprises that are new in the export business. Companies enter the export business to gain access to new markets and customers. There are certain rules required to be followed while sending a...
by TheBusinessProfessor | Feb 23, 2025 | Operations, Project, & Supply Chain Management
What is Carriage And Insurance Paid?Carriage and Insurance Paid (CIP) is an Incoterm. It represents the situation where the seller delivers goods in his own country for transportation to the buyer in another country. Under a CIP agreement, the seller must purchase...
by TheBusinessProfessor | Feb 23, 2025 | Operations, Project, & Supply Chain Management
What is Research and Development (R&D)?Research and Development is a process implemented by the companies or governmental organizations to innovate or improve its products and services. The Research and Development activity may involve both the basic research and...
