It's been my experience in dealing with factories that when you're quoted a lead time, one needs to be careful about what that means. It needs to be made very clear that the lead time is relevant to the Incoterms you've negotiated. For instance, if your price is $1 FOB Shanghai, China with a 4 week lead time, that means, in 4 weeks, you can expect your goods to be available for your forwarder. You still need to ship it !!! If your terms are CIF Sydney, Australia with a 6 week lead time, then your goods should be delivered to Sydney, 6 weeks after your order has been confirmed.
This all sounds very simple and straightforward, but these things can lead to misinterpretation of when your goods will actually be delivered. So the lesson here is, be clear on what your quoted lead times mean to you.
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I just visit your site and found it either very new or you do not know what is SEO.
ReplyDeleteHello Arnold. Yes, the Blog is new, so I am working on driving traffic to it. Do you have any subject matter to add regarding the original post? Thanks.
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