Uflex Management Trainee Interview Questions and Answers

Incoterms are international commercial terms that define the responsibilities of buyers and sellers in international trade.

• Incoterms are used to clarify the terms of delivery, payment, and risk in international trade

• There are 11 Incoterms, including EXW, FOB, CIF, and DDP

• Each Incoterm specifies the obligations of the buyer and seller regarding transportation, insurance, and customs clearance

• Incoterms are recognized by ...read more

Incoterms are international commercial terms that define the responsibilities of buyers and sellers in international trade.

• EXW (Ex Works) - seller makes goods available at their premises

• FOB (Free on Board) - seller delivers goods to the port of shipment

• CIF (Cost, Insurance and Freight) - seller delivers goods to the port of destination and pays for insurance and freight

• DDP (Delivered Duty Paid) - seller delivers goods ...read more

Supply chain management is the coordination and optimization of all activities involved in the production and distribution of goods and services.

• It involves the planning, sourcing, manufacturing, and delivery of products.

• It aims to ensure the right products are available at the right time, in the right quantity, and at the right cost.

• It involves managing relationships with suppliers, manufacturers, distributors, and cu...read more