We have a team of professionals who have the necessary expertise ranging from accounting and logistics to project management. Our wide network of contacts are also able to assist in executing international trading operations for our customers.
Globalor can help maximise the growth and productivity of your company by providing the following services:
• Market and product sourcing research
• Background checks on suppliers
- Financial and banking support including but not limited to:
- Letters of credit
- Bills of exchange
- Payments to suppliers, shippers, clearing agents
- Review and preparation of trade documents such as:
- Purchase orders
- Proforma invoices
- Bills of lading (review only)
- Assistance with price negotiation with suppliers
- Coordination of logistics
- Assistance in cross border export and import regulations
- Arranging of FX currency hedges to provide certainty to customers
Globalor Limited works with freight forwarders, customs agents and carriers on a global scale to provide shipping services to its customers. To be able to excel our client expectations in terms of shipping frequency and volume, Globalor Limited has warehousing capabilities in selected jurisdictions through its key strategic business partners network.
Business strategy is the foundation of a successful business. But there are of course different types of business strategy. The idea is that business strategies should steer a course between the inevitable internal pressure for business continuity, and the demand of a rapidly changing world for revolutionary business strategies.
Business managers and entrepreneurs are often so preoccupied with immediate issues that they lose sight of their ultimate objectives. That is why a business review or preparation of a strategic plan is a virtual necessity. This may not be a guarantee for success, but without it a business is much more likely to fail. Therefore, a healthy plan should:
Serve as a framework for decisions or for securing support and approval.
Provide a solid basis for more detailed planning.
Explain the business to others, in order to inform, involve and motivate.
Assist benchmarking as well as performance monitoring.
Stimulate change and become a strong building block for the next plan.
A critical review of past performance by the owners and management of a business and the preparation of a plan beyond normal budgetary horizons require a certain attitude of predisposition and mind. A few essential items which should to be observed during the review and planning process, include the following:
Be midterm (two to four years)
Be undertaken by owners or directors themselves
Focus on areas of strategic importance
Be separated from day-to-day tasks
Be S.M.A.R.T. (Specific, Measurable, Attainable, Relevant, Time-bound)
Distinguish between cause and effect
Be reviewed periodically
Be written down.
As the precursor to developing a strategic plan, it is advisable to clearly identify the current status, objectives and strategies of an existing business or the latest ideas in respect of a new business venture. If properly defined, these can be used as the basis for a critical examination to probe existing or perceived Strengths, Weaknesses, Threats and Opportunities (‘SWOT’). This will then lead to strategy development, covering the following issues discussed in more detail below:
The overall direction of a company and its goals are major driving factors in its success. Whether you want to use rapid expansion as a framework for growth, return to core activities or develop a first-time strategy that management can use for the future, Globalor can provide guidance and support, no matter the sector, in developing a roadmap that will lead to growth and financial reward.
Maximizing profits during an economic slowdown or recession is possible if businesses maintain lean operations. One way to do this is by outsourcing non-core functions or business processes. Business Process Outsourcing (‘BPO’) companies of today have matured into professional businesses. Strong (both local and global) competition has driven them to increase their services level and improve business processes. BPO staff are skilled, experienced, qualified, and trained to meet industry standards.
Selecting the right BPO company is critical to the success of this type of venture. The business principles of the outsourcing firm should align with your business policies, communication should be timely and transparent, reporting should be exhaustive and prompt, and quality of work should at least meet, but preferably exceed, expectations. The right outsourcing provider could actually do the job much better than you, in less time and for less money.
Outsourcing firms in general can offer greater value than in-house operations for many reasons:
They work for more than one client and therefore have a cost effective platform
They have the benefit of large discounts due to bulk orders given to suppliers
They can leverage their economies of scale
Globalor Limited therefore recommends that companies focus on their core activities. By outsourcing costly and burdensome peripheral tasks, a company can reduce costs, boost efficiency and deliver value-added services to its clients. We advise clients on the best type of services to outsource and how to go about implementing the process.