Purchasing process Along with Imports and its formalities....pptx

Purchasing process Along with Imports and its formalities

1. Purchasing process Along with Import purchase and its formalities. Date:13.08.2024

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3. Introduction 1. Purchasing is the buying or acquiring goods and services on behalf of a business or company.   2. It is an organized process within a business that ensures that the company acquires the items that it needs, when it needs, and at a reasonable cost. 3

4. What is purchasing process??? 4

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6. • A vendor is a broad term encompassing any individual or a business entity that directly sells final products to the final consumer. • Its basically third party that perform functions on your company’s behalf or provides service to your company. • Example:1.Internet service 2.Bought out items 3.Service providers 4.Metalising 5.Staionery vendors 6

7. • Supplier is an individual or entity that provides goods service or material to another organization. • They play a crucial role in the supply chain by sourcing, manufacturing, or distributing products to meet the demand of their customers. • A supplier is usually known as either the manufacturer who manufactures the product itself or a distributor who purchases the goods from manufacturers. 7 What is Supplier???

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9. 9 Based On Roles In The Supply Chain 1 – Manufacturer It refers to a person or company producing finished goods from raw materials or adding value to them for selling. A manufacturer can act as a supplier to wholesalers and retailers that will be selling products to consumers. 2 – Wholesaler It is the individual or company supplying products and services to other businesses. Here, retailers buy goods in large quantities and at feasible discounts. 3 – Retailer It purchases products directly from the manufacturer or a wholesaler and sells them to individual customers. The individual or business fixes the selling price, thereby making a profit. 4 – Service and Maintenance Provider It provides services in the fields of  accounting , banking, insurance, consulting, transportation, etc. 5 – Independent It could be a person or company or a trade show representative selling products directly to consumers.

10. Based On Client Base 1 – B2C (Business to Customer) It sells product components or final products directly to customers. Example:Amazon.com / Dmart / Wallmart . 2 – B2G (Business to Government) It sells products and services directly to the government by obtaining a vendor license and special permissions based on contracts. E xample   :Construction of buildings, highways, and infrastructure. 3 – B2B (Business to Business) It deals with products and services sold to other suppliers. Example : If a shoe brand wants to sell its products, if it sells to large stores or boutiques, that's B2B, but if the brand sells directly to individual consumers, that's B2C 10

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12. Platform from where I do find Vendors and suppliers 1- E Commerce T he standard definition of E-commerce is a commercial transaction which is happened over the internet. Online stores like  IndiaMart , Amazon, Trade-India are examples of E-commerce websites. 2- Vendors approved by Customers 3 - From Local Market 4- Importers 5- Via Reference/ Suppliers Catalogues 6- Telephonic Directories 12

13. A Few questions are to be answered before attempting to develop vendors 1.How much time is available for making such purchase? 2.Will Material be required repeatedly or occasionally? 3.What is the volume of purchase of the required materials? 4.Which is the industry producing the required materials? 5.What is commercial viability of the Material? 13

14. • Based on the answers, a list of potential supplier is drawn. • For the Purchase of items that are repetitive nature, a detailed evaluation procedure of suppliers is adopted. • For a one-time purchase ,Elaborate inquires and evaluation procedures may not be necessary unless item is costly and having high technological contents. 14

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16. Negotiation, selection and finalization of vendors/Supplier 1.The vendors who are successfull in the enquiry stage may be called for negotiations in order to discuss business possibilities. 2.During this stage, Various terms namely credit ,quantity discount, quality specifications etc. can be decided. 3.Finally a list of approved vendors/supplier drawn. 4.Accordingly ,purchase order are placed to them and accept the material as per delivery terms and book the invoice. 16

17. Import Purchase • Import Means bring (goods or service) into a country from abroad for sale. • The buyer of such goods and service is referred to an importer who is based in the country of import whereas the overseas based seller is referred to as an exporter. • Two type of Import purchase-Direct and Indirect import. 17

18. 18 Import Process

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21. Documents required for import of goods 21

22. Indian ports of Lading 22 India has a number of major ports that are crucial for its maritime trade. Here are 13 significant ones: Mumbai Port : also known as Jawaharlal Nehru Port Trust or JNPT): Located in Maharashtra, it's one of the largest and busiest ports in India. Chennai Port : Located in Tamil Nadu, it's one of the largest ports in the southeastern region of India. Kolkata Port :( includes Haldia Port): Situated in West Bengal, it's a major port for the eastern part of the country. Visakhapatnam Port : Located in Andhra Pradesh, it's a major port for handling bulk cargo and naval operations. Cochin Port : Situated in Kerala, it's known for handling a diverse range of cargo, including spices and petroleum products. Mangalore Port : Located in Karnataka, it's an important port for exporting iron ore and other goods.

23. Indian ports of Lading 23 7. Tuticorin Port: ( V.O. Chidambaranar Port): Located in Tamil Nadu, it's a key port for southern India, handling various types of cargo 8. Kandla Port : Located in Gujarat, it's one of the largest ports in the country and handles a wide range of cargo. 9. New Mangalore Port : Also in Karnataka, it's a major port for handling various types of cargo, including crude oil and petroleum products. 10. Port Blair Port : Situated in the Andaman and Nicobar Islands, it serves as a crucial port for the island territories. 11. Dhamra Port : Located in Odisha, it's a deep-water port that handles bulk cargo like coal and iron ore.

24. Indian ports of Lading 24 12.Jawaharlal Nehru Port Trust (JNPT) : Often mentioned separately from Mumbai Port, it is India's largest container port. This port is well known as Nava Sheva. 13.Mundra Port : Also in Gujarat, it’s one of the largest private ports in India and handles a wide range of cargo. These ports are vital to India's economy, facilitating a significant portion of the country's international trade and commerce.

25. China ports of Lading 25

26. China, being a major global trade hub, has several key ports that handle a significant portion of the world’s maritime cargo. Here are some of the most important ports in China 1. Shanghai Port : The largest and busiest port in China, and often considered the world’s largest container port by volume. 2.Shenzhen Ports: (including Yantian, Shekou, and Chiwan ): Located in Guangdong Province, these ports handle a substantial amount of the country’s container traffic. 3. Ningbo-Zhoushan Port : Located in Zhejiang Province, it's one of the busiest ports in the world and an important hub for international trade. 4.Hong Kong Port: A major international port known for its efficient operations and significant transshipment activities. 5.Tianjin Port : Located in Hebei Province, it's a crucial port for the northern region of China, serving Beijing and surrounding areas. 6.Guangzhou Port : Situated in Guangdong Province, it’s an important port for the southern part of China. 26

27. 7.Qingdao Port : Located in Shandong Province, it’s a major port for the northern coast and is known for its substantial cargo throughput. 8. Dalian Port : Situated in Liaoning Province, it handles a range of cargo, including oil, coal, and iron ore. 9. Xiamen Port : Located in Fujian Province, it is an important port for southeastern China and handles a variety of cargo types. 10. Zhanjiang Port : In Guangdong Province, it’s a key port for handling bulk cargo and has been expanding its capabilities. 11. Lianyungang Port : Situated in Jiangsu Province, it’s an important port for the northern part of China and is linked to the Silk Road Economic Belt. 12. Yantai Port : Located in Shandong Province, it handles a range of cargo, including grain, coal, and chemicals. 13. Jiangyin Port : Located in Jiangsu Province, it is significant for its role in handling industrial cargo. 27

28. Time Between China port to India port 28

29. Time Between China port to India port 29

30. Container Loads Size of Container 30

31. 31 Type of Containers

32. Mode of Payments in Import 32

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34. One short Video on Import Process with freight Forwarder

35. Any Questions…. 35

36. 36 For your Time and attention…!!!!!