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In conclusion, the proper use of Incoterms in procurement is essential for optimizing international trade transactions. Incoterms provide clarity, establish responsibilities and risks, and help
In conclusion, the proper use of Incoterms in procurement is essential for optimizing international trade transactions. Incoterms provide clarity, establish responsibilities and risks, and help prevent disputes. Selecting the appropriate Incoterm, following best practices, and staying up-to-date with changes and updates are key to successful procurement. By understanding and correctly applying Incoterms, procurement professionals can ensure smooth and cost-effective international procurement processes, enhance risk management, and foster positive relationships with suppliers. Emphasizing the importance of Incoterms in procurement is crucial in today's global marketplace
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