Global Supply Chain Management And Logistics Management

4. Logistics is a critical part of a supply chain that is an integration of the logistics systems in all the organizations

International trade is defined by shipping commodities and finished goods between countries, including both exporting commodities and goods from the U.S. as well as importing commodities and goods from around the world. Logistics is the process of planning, implementing, and controlling the efficient flow of goods and services through the supply chain from producer to consumer. Distribution comprises all freight carriers (water, air, trucking, and intermodal) and warehousing. Until recently, most manufacturing organizations took responsibility for the warehousing

21) In value chain analysis, what is the activity of arranging the delivery of products to customers called?

The third party logistic is use by the outside company to perform all or part of the firm’s material and distribution of the product. 3PL are the independent providers,they are providing a single or multiple logistics services to a purchasing company. Infact the 3PL does not hold the ownership of the product distribution and they are responsible to perform the activities of the logistics for the purchasing firms. They also have a long-term relationship and commitment between the two parties. A company may outsource its various logistics fuctions to one or more third party logistics alinged with the management strategy to receive benefits of increasing flexibility , reducing costs and for improving

The term “3PL” means third party logistics. A 3PL provider does not produce a product, but handles all aspects of supply chain such as transportation, warehousing, inventory control, distribution, financial services, and etc. for another company’s product.

and Spice” in Seattle. The partners named the company in honor of Starbuck, the coffee-loving

When thinking about the idea of Supply Chain Management (SCM) there are two core ideas that can be taken into account. Nearly every product that is obtained by a consumer is done so through the efforts of multiple companies working collaboratively. Secondly, many companies within these systems have historically been focused only on what role they play individually. SCM strives to bridge the gap between companies and organizations by providing effective management of supply chain activities in a way that maximizes profitability and consumer satisfaction.

Managing the Supply Chain ( SCM) is a set of approaches used to efficiently integrate suppliers, manufacturers , warehouses and stores so that merchandise is produced and distributed in the right quantities , at the right place at the right time in order to minimize system cost while the wide requirement of satisfactory levels of service . It can also be defined as the coordination of production , inventory , location, and transportation among the participants in a supply chain to achieve the best mix of responsiveness and efficiency for the market served .

Global Supply Chain Management procurement personnel usually have an intricate and dynamic understanding of Purchasing, Operations and Logistics. They also are well versed in Technology, the Currencies and exchange rate of the country doing business with, the Regulations on business ethics, The culture of the land and its companies all within the infrastructure of its business and using all the resources available at the global level. Supply Chain product distribution involves interaction with demand forecasting and planning of events such as staging and managing transportation scheduling with various 3PL companies. Based on the best value currently, shippers identify the best of the contractors and suppliers who meet the value and quality along with the pricing and services provided. However, most companies like to build a long-term relationship with their 3PL and include them in the planning phase of the business. The team will have interactions on a global stage (National & Internal contractors & suppliers) worldwide.

Transportation is a key element in the logistic chain. It joins together those components that are considered to be separated. In order for transportation and logistics to work together successfully, there must be good management between them. It plays a

This term paper focus on my experience and the knowledge gain during the fall 2016 semesters. The paper discusses the general topic on Global supply chain management and its application within the business sector. In addition, to the general topic discussed, I would also focus on the some of my experience doing the class and how those experience and knowledge gained can help me in the future. In my further reflection of the paper I had focused on some topics that I found easier to complete and other topics that did challenge me. My reason of giving a reflection on those topics that were challenging and those that was easier for me, is to give a balance of my experience of the class and lesson learn doing the semesters. To recap, on the course I would say, the course was great and comprehensive in general. Over the few months getting to study and understand topics such as, the field of operation and management, Product & process Design, six sigma Quality and SQC, Strategic Capacity Management, Forecasting system, Facility Layout, Sales and operation planning, Inventory Management, Material Requirement Planning, WorkCentre Scheduling and Waiting and Simulation was a mind changing for me.

Logistics is the administration which synchronizes such giving activities as acquirement, processing, bargains, and dissemination with requests. It plans to upgrade corporate aggressiveness and increment corporate esteem by acknowledging satisfaction of clients' fulfillment, reduction of unfruitful stock and minimization of its exchange, and decrease of supply expenses.

Now let’s take a look at Audi, one of the most successful car manufacturer in the world and how does the logistics network help them stand in the world. Audi outsource its logistics function to third-party logistics firms, so their manufacturing companies can focus their efforts on their core competencies and 3PL only needs to be efficient and effective to meet customers’ demands.

Out of these types of LSP’s, Third Party Logistics or Logistics Outsourcing is the most important and becoming most popular amongst the businesses in

Logistics is concerned with getting the products and services where they are needed and when they are desired. It is difficult to accomplish any marketing or manufacturing activities without any logistical support. The main mission of logistics is to provide a means by which customer satisfaction can be achieved. The concept of logistics has moved into business to move, launch and supply inputs and outputs.