Logistic Management - Essay Example

Logistic Management Outsourcing by companies is geared towards saving expenses for the achievement of the same results as anticipated. Outsourcing thus denies growth and expansion of local companies, denying them a chance to generate more revenue. This also demoralizes local experts and professionals, which pushes them to seek foreign opportunities, hence brain-drain. Measures should be put in place to govern at what extent outsourcing is to be performed. Therefore, companies considering outsourcing operations should be subjected to financial penalties so as to ensure local companies receive first priority.

Outsourcing companies face the loss of tax benefits due to hiring foreign full-time workers. Federal tax penalties can also be imposed on outsourcing companies so as to boost domestic job creation.Reduction of the damage inflicted to goods in transits plays a vital function in cutting the costs of supplying the said goods. Companies, therefore, bear the responsibility of ensuring the safety of goods they are charged to transport. To achieve this, a company can establish policies that ensure their safety.

Such policies include those covering package, insurance and providing appropriate means of transport. A company should ensure that the appropriate packing of the goods is done to secure them firmly to avoid rocking while in transit. Fragile goods sustain damage due to undesired movement during transportation. To secure fragile goods firmly during transportation, the use of products such as bubble wraps is employed. Companies have also use insurance to cover damages that may be incurred in transit; it also covers theft (Bowersox et al., 2012).The BUS 320 unit is a crucial course for decision-making in a company, as it shows the importance of weighing one’s decisions appropriately to come up with logical solutions.

This way, after taking the course, the business person in an individual is brought out so that any vital aspects of a business can be factored and all perspectives covered. In this light, there is no room for errors, as all issues are dealt with effectively. In addition, this decision-making course allows for sound policies to be generated and implemented so that the institution that one works for or with ends up getting the best there is. This also applies to decisions that involve high risk business ventures as the higher the risk, the higher the returns.

However, as this is not always the case, one can again look at all the aspects of the actions taken.This class provides sound skills and knowledge of the vitality of decision-making, risk assessment, return assessment and capital structure. In this regard, all aspects of a business are covered, allowing one to be prepared in terms of planning, organization, structuring and decision-making. This way, the vitality of a business and its complex structures are explained and broken down to their most basic formats for all to understand.

This is in a manner that one can pass the same information to others to understand and use this information in real life. In addition, communication skills are imparted, allowing one to pass on and control the flow of information from one medium to the next, as well as to motivate others.ReferencesBowersox, D., et al. (2012). Supply Chain Logistics Management. (5th ed.). Cincinnati, OH. Standard Use Publisher.