IBO 04 Solved Assignment 2024-25
IBO 04 Solved
Assignment 2024-25, FREE IBO 04
Solved Assignment 2024-25, FREE IBO 04 Export
Import Procedure and Documentation Assignment PDF, How to get IBO 04 Solved
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IBO 04 Solved
Assignment 2024-25: IBO 04
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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.
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
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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 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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