When companies become substantially involved in international dealings, logistics become an essential ingredient in the strategic planning process.
In an increasingly world economy, logistics is a very critical matter in the success of a company. It is a fundamental part of supply chain management that entails operations management considerations, production engineering, and matters pertaining to the region. The main aims of International Logistics are to connect parts of global supply chains, prevail over international trade hurdles, and reduce transaction expenditures. It can also offer considerable cost savings and help businesses enter new overseas markets (Branch, 2009).
The channel of international logistics can be split into three: transaction channel, distribution channel, and communication channel (Behar et al., 2013). The transaction channel deals with the buying, selling and collection of payment; the distribution channel involves the physical movement of goods while communication involves the contact between various players in international business. With the help of a professionally managed international logistics department, organizations can gain economies of scale. International Logistics can lead to increased production, technological advancement, and market expansion (Behar et al.,
Cite this document
(“International Logistics Essay Example | Topics and Well Written Essays - 250 words”, n.d.)
Retrieved from https://studentshare.net/professional/757987-international-logistics
(International Logistics Essay Example | Topics and Well Written Essays - 250 Words)
“International Logistics Essay Example | Topics and Well Written Essays - 250 Words”, n.d. https://studentshare.net/professional/757987-international-logistics.
Cited: 0 times
International Logistics refers to “the process of planning, implementing, and controlling the flow and storage of goods, services, and related information from a point of origin to a point of consumption located in a different country” (Branch, 2009). It entails managing the…
It has been noted that the Chief Executive Officers (CEOs) as well as the Chief Financial Officers (CFOs) of the companies are substantially aware with regard to the rising inventory, increasing level of the working capital, along with missed deliveries and malfunctioning in the lean manufacturing performances.
The author describes that the products that EliteClean manufactures are: washing machines; tumble driers; dishwashers and more recently range cookers. The product lines are dishwashers; laundry (washing machines and tumble driers); and range cookers. The dishwasher line is manufactured in South Korea; the laundry product line in China.
Other industries would not also get their raw materials to undertake major duties, should manufacturing seize. It is for this reason that the survival of the manufacturing industry is extremely important to the growth of global economy. It is therefore not surprising that several national economies focus most of their attention on growing manufacturing industries and revamping least performing once (Yankson, 2005).
International Logistics: T&L "Logistics is essentially the glue that joins every part of the business together" Andy Haines, Supply Chain Director - T&L “Inventory mismanagement is a common characteristic of a troubled company” Finkin, 1988: 75 Contemporary business environment is indicative of a highly competitive marketplace wherein every organization is involved in applying innovative strategies which seek to align their resources in a manner that help them gain a niche in their respective industries, and attract a larger consumer base in the process.
ly influenced by a variety of critical factors. Logistical processes entail the sum-total operational criterion within an organization that drives the achievement of the desired goals. Logistics are also considered as those processes involved in the planning and implementation, in addition to the control, of the efficiency, cost effectiveness, flow, and raw materials’ storage.
The organization used to manage its in-house commercial operation through its key wholly owned subsidiaries, such as Farmer boy, Wm Morrison produce and many more. The organization has specialized in the distribution and retail goods through supermarket networks.
This actually proves the fact that it is one of the fastest growing retail organizations in United Kingdom. It has shown some great profits in the recent past and is still providing opportunities for further profits. One of the reasons for Morrisons success is its focus on ‘being different and better than ever’.
Today, logistics talks of organisations cooperating through economic networks for mutual benefits. In other words, individualism has given way to collectiveness. What brought about this transformation Consumers; that's right! Consumers today seek greater product variety at high quality and reliability.
Overall, demand (measured in passenger-kilometre and tonne-kilometre) has grown at an annual rate of nearly 8% since 1950. Demand for road transport has grown at an annual rate of about 7.6% while rail transport demand has grown by about 2%, demand for water transport by 5% and air by over 16% per year.