The 10 Keys to Global Logistics Excellence

1257 WordsFeb 10, 20136 Pages
“The 10 Keys to Global Logistics Excellence” The constant population grow, globalization and economic growth makes logistics a primary focus for business, especially big ones. Thomas Friedman said: “supply chaining” is fundamental as barriers to trade and interdependence are reduced across the globe.” That pretty much means that every day proper logistics are more fundamental to business to succeed and prosper. Fundamental changes across many areas of business, politics and the supply chain have “flattened” the world and led to an explosion of trade and global sourcing. The main issue about this new global challenges is that they add distance and time to the supply chain, those pretty much add cost, risk and complexity. Many…show more content…
Problems with the accuracy of that information means that not until the container is actually opened can what was shipped be completely determined. Global logistic leaders reduce the time and cost of inbound processing by enabling their suppliers to produce ASNs and properly label the goods. They also minimize inventory and stocks outs through better visibility to actual order status at offshore production sites. 5. Total product Identification and Regulatory Compliance Not managing these requirements well leads to a series of real and potential problems: Fines or other penalties for a failure to comply, delays in the movement of goods inbound and outbound and risk to the company’s brands should any problem with supply chain security emerge. Global logistics leaders are taking an increasingly aggressive approach to security, both to improve the flow of goods in the short term as well as protecting themselves from the impact of external threats and potential problems. 6. Dynamic Routing Global logistics leaders are starting to develop more dynamic routing capabilities that will allow them to “rate shop” for the most effective combination of carriers, routes and third parties such as freight forwarders that will meet delivery constraints, in a fashion more consistent with how domestic transportation is managed. 7. Variability Management Global logistics leaders use supply chain data and

More about The 10 Keys to Global Logistics Excellence

Open Document