1. Explain common INCOTERMS used by companies in international trade platforms and the strong reasons for using them.
2. Explain the criteria for choosing the right INCOTERM and the problems/challenges associated with INCOTERMS.
3. Explain with a detailed example how a company's global supply chain platform enables them to reduce costs and provide a global value proposition.
4. Explain in detail the importance of a company having effective relationships with suppliers and developing meaningful processes for evaluating suppliers.
5. Explain in detail the challenges a company faces in maintaining the right global inventories (raw materials, work in progress, finished goods) as a result of demand variation, especially during the COVID-19 pandemic.