IBO 04 Solved Assignment 2023-24
IBO 04 Solved
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Course Code: IBO 04
Assignment Code: IBO 04 ASST/TMA/2023-24
Marks: 100
NOTE: All questions are compulsory
Note: Attempt all the
questions and submit this assignment to the Coordinator of yourstudy centre.
Last date of submission for July 2023 session is 31st October, 2023 and for
January 2024 session is 30th April 2024.
Q1. What is EDI? How
has EDI evolved over the years and what are the key components of an EDI
system. What are the benefits organizations are getting from EDI. Give suitable
examples.
Electronic Data Interchange (EDI) is a method of exchanging
business documents electronically between trading partners in a standardized
format. It enables the transfer of structured data, such as purchase orders,
invoices, shipping notices, and other business documents, between computer
systems without the need for human intervention. EDI has evolved significantly
over the years, from its early beginnings with basic electronic messaging to
more advanced and integrated systems.
Key components of an EDI system include:
Translator: This component translates data from the internal
format of one system into the standardized format required by another system,
and vice versa. It ensures compatibility between different systems and facilitates
seamless data exchange.
Communication Network: EDI systems rely on communication
networks, such as Value-Added Networks (VANs), AS2 (Applicability Statement 2),
FTP (File Transfer Protocol), or other secure protocols, to transmit data
between trading partners securely and reliably.
Data Mapping and Transformation: Data mapping involves
matching fields and elements between different systems to ensure accurate data
exchange. Transformation involves converting data from one format to another,
such as from XML to EDIFACT or vice versa.
Security Measures: EDI systems incorporate various security
measures, including encryption, digital signatures, and authentication
protocols, to protect sensitive business data during transmission.
Integration with Business Systems: EDI systems are
integrated with internal business systems, such as Enterprise Resource Planning
(ERP), Customer Relationship Management (CRM), and inventory management
systems, to automate business processes and streamline operations.
Organizations derive several benefits from implementing EDI:
Increased Efficiency: EDI automates manual processes,
reduces data entry errors, and accelerates the exchange of business documents,
leading to faster transaction processing and improved efficiency.
Cost Savings: By eliminating paper-based processes, reducing
manual intervention, and minimizing errors, EDI helps organizations save on
administrative costs, postage, printing, and document storage.
Enhanced Accuracy: EDI eliminates the need for manual data
entry, reducing the risk of errors associated with manual processing and
improving data accuracy.
Faster Processing and Response Times: EDI enables real-time
or near-real-time exchange of business documents, allowing organizations to
respond quickly to customer orders, inquiries, and changes in demand.
Improved Customer Satisfaction: Faster order processing,
accurate invoicing, and timely delivery of goods or services enhance customer
satisfaction and strengthen relationships with trading partners.
Competitive Advantage: Organizations that adopt EDI gain a
competitive edge by improving operational efficiency, reducing costs, and
enhancing collaboration with suppliers, customers, and partners.
Example: A manufacturing company implements EDI to streamline
its supply chain operations. By exchanging purchase orders, invoices, and
shipping notices electronically with its suppliers, the company reduces order
processing times, minimizes inventory holding costs, and improves inventory
management. As a result, the company can respond more quickly to customer
demand, reduce lead times, and maintain high levels of customer satisfaction,
giving it a competitive advantage in the market.
Q2. a) What do you
mean by Documentary credit. What is the method of realizing payments under
Documents Against Payments?
b) What are the
documents required under letter of credit. Discuss various kinds of letter of
credit.
Q3. Comment on the following:
a) Export incentives
are not universal practice.
b) In export-import
trade people are dealing in documents and not in goods.
c) Credit is a not a
major weapon of international competition but it involves risk.
d) Exchange control
regulations are not administered by Reserve Bank of India.
Q4. Distinguish between the following:
a) Fiscal incentives
and Financial incentives
b) Intermediate advance
license and Advance license
c) Domestic sales
contract and Export sales contract
d) Insurance policy
and Insurance certificate
Q5. Write a short note on the following:
a) India Trade
Promotion Organization (ITPO)
b) Value Added Network
Services (VANS)
c) Documentary Credit
d) Stages of Customs
Clearance
IBO 04 Handwritten Assignment 2023-24
IBO 04 Solved Assignment
2023-24: We provide handwritten PDF and Hardcopy to our IGNOU and other
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Important Note - You may be aware that you need to submit
your assignments before you can appear for the Term End Exams. Please remember
to keep a copy of your completed assignment, just in case the one you submitted
is lost in transit.
Submission Date :
31st March 2023 (if
enrolled in the July 2023-24 Session)
30th Sept, 2023 (if
enrolled in the January 2023-24 session).
IGNOU Instructions for the IBO 04 Assignments
IBO 04 Export Import Procedure and Documentation Assignment 2023-24 Before ate mpting the
assignment, please read the following instructions carefully.
1. Read the detailed
instructions about the assignment given in the Handbook and Programme Guide.
3. Write the course
title, assignment number and the name of the study centre you are attached to
in the centre of the first page of your response sheet(s).
4. Use only
foolscap size paper for your response and tag all the pages carefully
5. Write the relevant
question number with each answer.
6. You should write
in your own handwriting.
GUIDELINES FOR IGNOU Assignment IBO 04023-24
IBO 04 Solved
Assignment 2023-24 You
will find it useful to keep the following points in mind:
1. Planning: Read the questions carefully. Go through the
units on which they are based. Make some points regarding each question and
then rearrange these in a STATISTICS IN PSYCHOLOGYal order. And please write
the answers in your own words. Do not reproduce passages from the units.
2. Organisation: Be a little more selective and analytic before
drawing up a rough outline of your answer. In an essay-type question, give
adequate attention to your introduction and conclusion. The introduction must
offer your brief interpretation of the question and how you propose to develop
it. The conclusion must summarise your response to the question. In the course
of your answer, you may like to make references to other texts or critics
as this will add some depth to your analysis.
3. Presentation: Once you are satisfied with your
answers, you can write down the final version for submission, writing each
answer neatly and underlining the points you wish to emphasize.
IGNOU Assignment Front Page
The top of the first
page of your response sheet should look like this: Get IGNOU Assignment Front page through. And
Attach on front page of your assignment. Students need to compulsory attach the
front page in at the beginning of their handwritten assignment.
ENROLMENT NO: …………………………
NAME: ………………………………………
ADDRESS: …………………………………
COURSE TITLE: …………………………
ASSIGNMENT NO: ………………………
STUDY CENTRE: …………………………
DATE: ………………………………………
IBO 04 Handwritten Assignment 2023-24
IBO 04 Solved
Assignment 2023-24: We provide handwritten PDF and Hardcopy to our IGNOU
and other university students. There are several types of handwritten
assignment we provide all Over India. We are genuinely work in this field for
so many time. You can get your assignment done - 8130208920
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WhatsApp - 8130208920
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