As a retailer, you have many priorities to keep your business running smoothly, but the most important of all is time with your customer. The ability to offer as much of your time to your customer is something that many retailers lack because they have so many things that need to be attended to. Stock control and re-ordering, payroll and staff administration, transferring products between stores and keeping accurate stock inventories of all stores. These things all take time and manpower that detracts from providing the best customer service possible.
Until now retailers have often had to do many of these things manually and separately, sometimes using different computer systems for different tasks. This can lead to inconsistencies in databases, confusion in stock inventories, and problems at the point of sale. Training for staff, particularly when a company feels the need to change their systems frequently in search of a better way to operate can be costly and time consuming, again detracting from customer service.
Recent advances in point of sale solutions have allowed the retailer to use one system to control all of the things they need to do to keep their shop running smoothly. Not only can they serve the customer and process sales, but those sales figures will automatically update stock inventory in real time. If there are multiple stores operating on one system, they will all receive the updated stock information as they occur.
New retail pos solutions are finding businesses working more efficiently and smoothly, with less errors and in turn, higher turnover. Many companies lose a lot of money annually, due to inconsistencies in databases and stock inventory - sometimes due to human error, but often due to insufficient warehouse inventory systems. Advances in pos solutions are helping businesses all over the world to work more efficiently in many ways, which leaves more time for the all important customer.
Pos solutions Australia are being adopted all over the country, and consumers are seeing a rapid improvement in customer service skills, thanks largely to the newly efficient way in which retail outlets are able to function. A single system that can combine and effectively manage retail pos solutions, as well as the store and warehouse inventories, stock controlling and ordering can revolutionise the way a retail store functions.
While setting up such point of sale solutions can also be a time consuming and highly skilled task requiring an expert to install, once the system is up and running, the difference within your company would be immense. With the ease of stock control being a weight off the shoulders of your business, and smooth and efficient pos solutions and transactions providing that all important pleasing customer interface, anything that cannot be attended to or controlled by a retail pos solutions system is made easier, if only by the extra time that you have to attend to them because you are not spending valuable hours sorting out stock discrepancies and inter-store transfer issues.
A web forum, where companies gather and interact with each other, along with the individual buyers and sellers, usually for the purpose of exchanging some significant information. When this exchange occurs on a global level it is termed as Global Trading. Since international trading makes profit for the companies, it amplified the reason that people congregated to achieve more business. Also, they achieved plenty of additional expansion.
The key benefit of global trading is that people can contact with large audiences around the world easily without any restriction. Furthermore, it also uncovers the best suppliers and manufacturers from all around the world. Trading universally through internet reduces the traditional boundaries like geographical distance as well as time.
Possible consumers are able to go online at any time and purchase anything they wish for. Furthermore, it is usually experienced that comparatively less error occurred while replacing the order on the web rather than on an offline medium and it led to much less transactional expenses. It increases earning and efficiency. These transaction costs can be used on other segments like improving some company's process research, development and production.
A website for global trading allows the agents to directly interact with other people efficiently without any superfluous brokerage charges. These global trading websites empower not only global traders to get in touch for instance B2B Telemarketing. But these websites also make brokers to charge their clients pragmatically; this is the reason these trading websites leap up with an all-embracing escalation rate. Indeed, the dealers are using global trading websites to discover original customers. Such websites offer its services to an extensive array of traders, sellers, resellers, buyers, distributors, suppliers, manufacturers, wholesalers, exporters and importers.
Global trading websites have allowed the negligence of the office expenses. Through these forums, a single individual can do a job of around 10 people at one time, and this has greatly decreased the expenses and increased the profit margins. You can now work easily from your home and be in front of the world instead of those who travel by air, and by hundred other means. The expenses will only be of the electricity, internet and other minor charges, which will not affect the profit margin in any way. Websites for international trade have allowed people to create flexibility in their daily routines. Due to the time difference, they can easily manage their daily proceedings.
Global trading websites are a set of essential tools for the success of a business. Due to the simplification of these websites global trading websites, they got rapid popularity. You can simply register and start trading. Now you can post your product, buy or sale and contact with other people from all around the world.
International trade is the exchange of goods and services between countries. This type of trade gives rise to a world economy, in which prices, or supply and demand, affect and are affected by global events. Political change in Asia, for example, could result in an increase in the cost of labor, thereby increasing the manufacturing costs for an American sneaker company based in Malaysia, which would then result in an increase in the price that you have to pay to buy the tennis shoes at your local mall. A decrease in the cost of labor, on the other hand, would result in you having to pay less for your new shoes. Trading globally gives consumers and countries the opportunity to be exposed to goods and services not available in their own countries. Almost every kind of product can be found on the international market: food, clothes, spare parts, oil, jewelry, wine, stocks, currencies and water. Services are also traded: tourism, banking, consulting and transportation. A product that is sold to the global market is an export, and a product that is bought from the global market is an import. Imports and exports are accounted for in a country's current account in the balance of payments.
Global trade allows wealthy countries to use their resources - whether labor, technology or capital - more efficiently. Because countries are endowed with different assets and natural resources (land, labor, capital and technology), some countries may produce the same good more efficiently and therefore sell it more cheaply than other countries. If a country cannot efficiently produce an item, it can obtain the item by trading with another country that can. This is known as specialization in international trade.
International trade not only results in increased efficiency but also allows countries to participate in a global economy, encouraging the opportunity of foreign direct investment (FDI), which is the amount of money that individuals invest into foreign companies and other assets. In theory, economies can therefore grow more efficiently and can more easily become competitive economic participants.
As with other theories, there are opposing views. International trade has two contrasting views regarding the level of control placed on trade: free trade and protectionism. Free trade is the simpler of the two theories: a laissez-faire approach, with no restrictions on trade. The main idea is that supply and demand factors, operating on a global scale, will ensure that production happens efficiently. Therefore, nothing needs to be done to protect or promote trade and growth because market forces will do so automatically.
In contrast, protectionism holds that regulation of international trade is important to ensure that markets function properly. Advocates of this theory believe that market inefficiencies may hamper the benefits of international trade and they aim to guide the market accordingly. Protectionism exists in many different forms, but the most common are tariffs, subsidies and quotas. These strategies attempt to correct any inefficiency in the international market.
PROBLEMS
______________
______________
The size of the transport industry is tremendous – the global value of the seaborne trade itself is over $12 trillion (WTO statistics). The value of freight rates is USD 380 Billion is 2017 (UNCTAD). Although the shipping industry is one of the largest economic sectors it is the least technologically advanced one.
Today paper documents are issued for all shipped cargoes, no matter of the transport means. All original documents are being sent by couriers, taking time and money. All cargoes and freights are being paid for in traditional ways – via bank wire transfers or letter of credit. Those are expensive, slow and non-confidential methods. Increasingly more often USD and EUR transactions are being blocked for weeks by US correspondent banks. Anyone in the industry has encountered that problem. Original documents delivery delays and money transfer delays cause unaccounted extra costs, opportunity cost & depreciation of assets, while disturbing a long supply chain.
SOLUTIONS
______________
______________
CargoCoin is designed to be a smart contract, crypto currency platform, decentralising global trade and transport. The platform target is to facilitate and optimise the interaction amongst traders, freight forwarders, shipping lines, booking agents as well as all other parties involved in the international trade and transport of commodities and cargoes. The platform users experience outlines well-balanced ecosystem based on cutting edge crypto security and frictionless interaction.
HOW IT WORKS
______________
______________
The full scale scope of the project extends to all transport areas – shipping industry (containers, bulk, break bulk, liquid bulk), inland transportation (trucks, railways), air cargo (transportation by planes, drones, etc.), other types of transportation, including, but not limited to: pipeline transport, space cargo, intercity and outer city shared rides.
Transport platform: Dedicated platforms for the different types of transport in development will be interconnected, allowing for infinite transportation functionality. The objective is the creation of synergy between the commodities & cargo traders with all transport means on a global scale. The integration of all participants and tools delivers unique, one of a kind eco-system.
CargoCoin development has been set in the following stages:
| . | 1. Shipping platform – development of the global shipping platform, utilising Smart Contracts (Smart Bill of Lading, Smart Letter of Credit, etc.), referred to as the platform in this whitepaper. The platform connects importers, exporters, freight forwarders, booking agents, ship brokers, ship owners, etc. into a single unified marketplace. 2. Inland platform – development of the global inland transport platform, utilising Smart Contracts. The inland platform will cover all ground based transport, such as trucks, railroad, pipes, etc. 3. Cargo all-purpose platform – development of a marketplace, utilising Smart Contracts, allowing manufacturers to showcase their produce and connect them directly with customers, through an established link to the ship and inland transport platforms. 4. Air cargo platform – development of air cargo transport, utilising Smart Contracts, including cargo planes, cargo choppers and drones. |
Smart Contracts: CargoCoin utilises the transport platform, as a secure transfer and storage method by the means of smart contracts, as well as a payment provider for transport services and cargoes. Fully unleashes the potential of crypto currencies to act as an interactive way of sending, receiving, approving, rejecting and signing documents through the process.
CargoCoin is flexible and allows the parties involved to easily select the terms that they choose to interact with. Options for standard or custom negotiated terms, conditions and forms will boost the user experience. Elimination of language barriers will further facilitate the eco-system participants.
Platform Services:
1. The Shipping Industry: The underlying asset of the Ecosystem;
2. Containers. (FCL, LCL, OOG);
3. Dry Bulk/Break Bulk;
4. Liquid Bulk (tankers, chemical carriers, LNG, LPG);
5. Liner Services;
6. Essential Services to the trade & transport;
7. Manning services (seafarers/crew for ships).
1. The Shipping Industry: The underlying asset of the Ecosystem;
2. Containers. (FCL, LCL, OOG);
3. Dry Bulk/Break Bulk;
4. Liquid Bulk (tankers, chemical carriers, LNG, LPG);
5. Liner Services;
6. Essential Services to the trade & transport;
7. Manning services (seafarers/crew for ships).
for more information visit:https://bitcointalk.org/index.php?topic=3224289.0
my bitcointalk profile link:https://bitcointalk.org/index.
No comments:
Post a Comment