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What do you mean by intermodalism? Describe the advantages of intermodaism.
Intermodalism is "a system where by stand-sized cargo containers can be moved seamless among dissimilar modes of transport, typically specially adapted ships called as containerships, barges, track and trains". Advantages:
1. Greater accessibility
2. Over all cost efficiency
3. Global trade factory
Explain in detail the major inventory management techniques? Just-In-Time Drop shipping Bulk shipments • Cleaning out old inventory
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QUESTION (a) Explain the meaning of International Purchasing and illustrate your answer with an example (b) (i) Discuss three main advantages of International Purchasing
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