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Canada is a creative, diverse and technologically advanced economy. Technologies have made the world more connected, while businesses, workers and consumers have become more sophisticated. this also represent strong bond of supply and demand in Canada

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this image represent the dairy products demand and supply in world wild. Canada contribute 10% in global market in dairy market. They are getting subsities.

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International trade is the exchange of capital, goods, and services across International borders or territories. It is the exchange of goods and services among nations of the world. In most countries, such trade represents a significant share of gross domestic product (GDP).

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Website3#Inventory basics for your global supply chain management .

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Website3#Inventory basics for your global supply chain management .

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A typical supply chain begins with the ecological, biological, and political regulation of natural resources, followed by the human extraction of raw material, and includes several production links before moving on to several layers of storage facilities of ever-decreasing size and increasingly remote geographical locations, and then reaching the consumer.

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Inventory availability is the most important aspect of customer service. Without an adequate level of product in stock, companies cannot meet customer needs. However, holding too much inventory dramatically cuts companies' profit margins because they must pay for it to be stored.

Inventory can refer to raw materials, finished items available for sale, components being used for production or items in the process of being manufactured. In terms of supply chain management, inventory is normally used to refer to the sum total of all goods and materials on hand.

The basics of inventory management

There is a wide range of terminology associated with inventory management. Here are some of the most common terms, concepts and issues regarding global supply chains:

Ordering

Economic order quantity (EOQ) is a model commonly used within inventory management that defines the optimal quantity to order that will minimize the total inventory costs.

Inventory levels

Inventory levels are simply the amount of inventory a company has. Common phrases about inventory levels include:

* On-hand stock (the amount of inventory in storage)
* Net stock (on-hand stock, minus product back orders that must be delivered to customers)
* Net inventory (on-hand stock, plus purchase orders, plus pipeline inventory, minus back orders)

Stockouts

A stockout occurs when there is insufficient stock available to meet customer demand. To avoid stockouts, companies can stock high levels of inventory. However, the costs associated with this are very high. There is also no guarantee that the excess inventory will ever be required.

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Instead of storing excess inventory to mitigate against possible stockouts, companies can use backordering or can provide a substitute product. In backordering, the customer request is placed on a special order called a backorder and this order is filled as soon as possible. The order will often be shipped directly to the customer as soon as it is available.

Finances

Financial terms involved in inventory management are as follows:

* Average inventory value: The average value of the inventory investment over a year
* Inventory carrying cost: The cost of holding the annual inventory investment
* Lost sales cost: The revenue lost from not meeting customer demands
* Total policy cost: The inventory carrying cost plus lost sales costs

Demand

Every product will have a specific set of demand circumstances. In inventory management, common demand terminology includes the following:

* Annual demand: The amount of a product demanded in a year
* Forecast annual demand: The expected amount of a product that will be demanded in a year
* Lead time: The time taken from placing an order to fulfilling the order
* Lead time demand: The amount of a product demanded by customers during the lead time

Inventory and global supply chains

Inventory will also need to be considered as an aspect of global supply chain management. In order for customer service levels to be adequately maintained, some goods will need to be held in foreign markets. Inventory managers will need to make decisions regarding how much inventory to hold, and how the supply chain will need to function effectively to meet consumer need. Other considerations that need to be taken into account when establishing inventory in a foreign market are:

* geography and infrastructure;
* availability of qualified labour; and
* tax and industry regulations.

These factors will enable an organization to choose optimal locations for serving the foreign market, and will help identify any issues that may add complexity to the global supply chain.

This content is an excerpt from the FITTskills Global Supply Chain Management textbook. Enhance your knowledge and credibility with the leading international trade training and certification experts.

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Inventory basics for your global supply chain management - Trade Ready

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Inventory availability is the most important aspect of customer service. Without an adequate level of product in stock, companies cannot meet customer needs. However, holding too much inventory dramatically cuts companies' profit margins because they must pay for it to be stored.

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Website2#International Trade & Sustainable Supply Chains

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Website2#International Trade & Sustainable Supply Chains

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The sequence of processes involved in the production and distribution of a commodity.A supply chain is a system of organizations, people, activities, information, and resources involved in moving a product or service from supplier to customer.upply Chain Management encompasses the planning and management of all activities involved in sourcing and procurement.

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The Foreign Trade Association (FTA) has published its 2015-2016 Annual Report.

This publication outlines the association's successful activities and collaborative efforts focused on advocating an international trade framework that promotes sustainable business practices along global supply chains.

Throughout the year, the association increased its membership from 1,500 to more than 1,800 members in May 2016.

This continued growth shows companies' commitment towards more sustainable trade and demonstrates their trust in FTA as the key association to prepare their businesses for the challenges of the future.

As part of the association's major achievements in 2015, FTA met one of its key advocacy objectives in October 2015 when the European Commission announced its long-term trade policy strategy.

Following various lobbying efforts, FTA welcomed the strategy's strong focus on sustainability, its increased transparency in decision making and its ambitious negotiation programme.

Moreover, during 2015 FTA united its sustainability initiatives - the Business Social Compliance Initiative (BSCI) and Business Environmental Performance Initiative (BEPI) - under one unique service, 'FTA Sustainability', in order to increase synergies towards a more holistic approach to sustainable supply chain management.
Several key highlights of the association include:

FTA's influence on the EU's long-term strategy: Following various FTA lobbying efforts, in October 2015, it welcomed the EU's long-term trade policy strategy presented by Trade Commissioner Malmström. Throughout this strategy FTA was pleased to see a strong focus on sustainability, more transparent decision making and an ambitious negotiation programme.

Full Implementation of BSCI 2.0: The year 2016 saw the full implementation of BSCI 2.0 audits in participants' supply chains. Following a soft launch in 2015, many tools were provided and efforts made to prepare BSCI participants and their producers for the full application of this system.

Strengthened cooperation: Merger with ICS: Becoming official on 1 January 2017, the two initiatives will unite their efforts towards true implementation of sustainable supply chains based on the values of transparency and responsibility. Partnership with ZDHC: BEPI strengthened ties with the Zero Discharge of Hazardous Chemicals (ZDHC), with which it aims to leverage efforts to address challenges around chemical management in the supply chain.

Launch of the FTA Academy: This powerful platform supports all FTA members' understanding of trade challenges and the development of sustainable supply chains through various learning and training programmes.

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International Trade & Sustainable Supply Chains - Supply Chain 24/7

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The Foreign Trade Association (FTA) has published its 2015-2016 Annual Report. This publication outlines the association's successful activities and collaborative efforts focused on advocating an international trade framework that promotes sustainable business practices along global supply chains. Throughout the year, the association increased its membership from 1,500 to more than 1,800 members in May 2016.

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This website show us that  amount of goods that consumers or buyers buy for a specific price in a specific time period while everything else remains the same.Demand is economic principle .The law of demand describes the inverse relationship of price and the quantity demanded.

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What is demand analysis? Definition and meaning

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Find out the definition and meaning for demand analysis to discover the customer requests for a product or service in a particular market. Demand is the ...

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Video3#Basic Economics: Supply and Demand.

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Video3#Basic Economics: Supply and Demand.

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Demand refers to how much (quantity) of a product or service is desired by buyer. Supply represents how much the market can offer. The quantity supplied refers to the amount of a certain good producers are willing to supply when receiving a certain price.  Price, therefore, is a reflection of supply and demand. Price, therefore, is a reflection of supply and demand.

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Video2#How to calculate the impact of import and export tariffs.

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Video2#How to calculate the impact of import and export tariffs.

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A tariff is a tax on import or export (an international trade tariff). In other languages and very occasionally in tariff or its equivalent may also be used to describe any list of prices.A customs duty or due is the indirect tax levied on the import or export of goods in international trade.

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How to calculate the impact of import and export tariffs.

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A tutorial on how import prices increases consumer surplus and decreases producer surplus, the impact of tariffs and the deadweight loss to society. Like us on: http://www.facebook.com/PartyMoreStudyLess

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Many economists consider that weakening of the currency could actually strengthen economy, since a weaker currency will increase the production, which in turn will uplift employment and raising the economy growth  exports are the determinants of economic growth, while imports detract the growth of the economy.