IGNOU IBO 04 Solved Assignment 2024-25


IBO 04 Solved Assignment 2024-25

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Course Code: IBO 04

Assignment Code: IBO 04 ASST/TMA/2024-25

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.

EDI stands for Electronic Data Interchange. It is the structured transmission of data between organizations electronically, typically in a standardized format. EDI has evolved significantly since its inception, transforming from simple point-to-point exchanges of structured data to more sophisticated systems that integrate with enterprise resource planning (ERP) systems and utilize modern communication technologies.

Key components of an EDI system typically include:

Translation Software: This software translates data from the organization's internal format into the standardized EDI format for transmission and vice versa.

Communication Infrastructure: EDI requires a reliable communication network, whether it's VANs (Value Added Networks), AS2 (Applicability Statement 2), FTP (File Transfer Protocol), or other secure protocols.

Mapping and Routing: Mapping involves matching internal data fields with the corresponding fields in EDI standards. Routing determines how EDI messages are transmitted between trading partners.

Data Security: EDI systems must ensure the security and integrity of transmitted data through encryption and authentication mechanisms.

Integration with Business Systems: EDI systems often integrate with ERP, inventory management, and other business systems to automate processes further.

EDI has several benefits for organizations:

Increased Efficiency: EDI automates manual processes, reducing the time and effort required to exchange documents such as purchase orders, invoices, and shipping notices.

Improved Accuracy: By eliminating manual data entry and reducing the chance of human error, EDI enhances data accuracy and reduces the risk of discrepancies.

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Faster Transactions: Electronic transmission of data accelerates the exchange of information between trading partners, leading to quicker order processing and fulfillment.

Cost Savings: EDI reduces paper usage, postage, and manual labor costs associated with document processing and storage.

Enhanced Supply Chain Management: EDI streamlines supply chain processes by enabling real-time visibility into inventory levels, order status, and shipment tracking.

Example: A retail chain uses EDI to streamline its procurement process. When the chain needs to restock inventory, its ERP system generates a purchase order in the organization's internal format. The EDI translation software converts this purchase order into the standardized EDI format and transmits it to the supplier via a VAN. The supplier's EDI system receives the purchase order, processes it automatically, and generates an electronic invoice, which is then transmitted back to the retail chain. This exchange of electronic documents speeds up the procurement process, reduces errors, and improves inventory management for both parties.

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 2024-25

IBO 04 Solved Assignment 2024-25: 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

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 2024-25 Session)

30th Sept, 2023 (if enrolled in the January 2024-25 session).

IGNOU Instructions for the IBO 04 Assignments

IBO 04 Export Import Procedure and Documentation Assignment 2024-25 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 2024-25 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 2024-25

IBO 04 Solved Assignment 2024-25: 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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