Global Logistics Supply Chain Performance

Question: Discuss about the case study Global Logistics for Supply Chain Performance. Answer: Introduction: Role of global logistics and how it can contribute to supply chain performance Global logistics plan and manages the flow of information as well as the resources between the industry and the consumer. It investigates the technique in which the resources are obtained, gathered and conveyed in order to fulfill the main purpose of decreasing the total cost. Global logistics include both import and export side by side. Global logistics cover management of materials, sourcing, and the bodily distribution. Management of materials includes the inner flow of raw materials, and then the supply in and through the industry. Bodily distribution refers to the movement of the finished products of the firm to its clients, including transportation, registry, warehousing, customer service, and paperwork. Sourcing refers to the link between management of materials and bodily distribution, and deals with various activities like the development of the product, its various operations and then its marketing. Global logistics is basically the flow of goods. These goods include the un iversal commodities, like the various goods of agriculture, fishing, packages, garbage and raw materials (Taylor, 2009). It also comprises characteristics that are not acknowledged in the customary ways, like electricity, checks or credit cards, and the office products like the various supplies of office, material used for packing and doorkeeper services. This flow is obtained by sales and trades through the harmonization of individual, place and knowledge. Global logistics has a very important role in the business environment. The world is now a global village and globalization has been a movement for a long time now as a result of the advances in technology, enhanced political as well as economical atmosphere and end of various obstacles in trade. With globalization, business can be done beyond the boundaries of a nation. Logistics play a very important role in satisfying the demands of consumers. Many multinational companies, like Wal-Mart, use global logistics on a very large scale. The use of global logistics has become very essential with change in the global market of consumers and also the global resources of the suppliers. By managing the logistics very carefully, a company can increase their productivity and lower their costs effectively. In order to understand how the system theory of global logistics works, it requires a very calculated planning of what exactly is required and managing how rapidly the products will be produc ed in order to achieve fast delivery to the customer (Narotama, 2004). With the help of global logistics, a simplified communication among different branches helps to create a workflow outline that decreases the overall cost by improving the visibility and the knowledge of what the organization actually needs. Saving of cost is done by reducing the cost of warehouses and the cost of purchasing on the basis of improved management of inventory, delivery by time, forecasts of supply etc., all of which can be done with the help of global logistics. Global logistics is a very important module ofsupply chain management and it contributes a lot to the performance of the supply chain. Many times the terms, logistics and supply chain, are used interchangeably. But, logistics particularly refers to the actions inside a single organization and the supply chain refers to the system of companies that are working alongside each other. A supply chain is an association between the suppliers and the company in order to create and distribute a particular product, and it characterizes the step company takes to deliver the service or product to the customer (Bowersox, et al., 2010). The management of the supply chain is known as the supply chain management. It is the implementation, planning and management of the various activities of the supply chain such as sourcing and managing logistics as effectively as possible. Supply chain includes many steps like storing the materials, warehousing, manufacturing activities, forward as well as reverses logistics. Out of all these activities, logistics is one of the most important tasks in the supply management. For example, the producer acquires raw materials from the suppliers and passes the end product to the customers. Now the global logistics look after the movement of these products from its origin to the final point (Chen, 2008). Global logistics is elementary to the success of the supply chain. Global logistics lay out the complex prototype of transportation, delivery and receiving, global importing and exporting activities, warehousing, buying, production and customer service. Companies look at logistics as a significant draft of the supply chain. It is used to supervise, synchronize and observe the resources in order to move the products in an appropriate, cost effective and dependable way. As global logistics has such a vast impact on supply chain performance, the information of global logistics is now vital for supporting the companys decision making, including forecasting and various proposals. For making good decisions, the business managers and administrative are required to optimize the costs of logistics by both source and goal. They require expected delivery dates and automatic alerts in case there is a change of plans. Automatic dealings and analytics are essential to control the increasing import s. It is essential to use a logistic model that allows improved forecasting and maintain partnerships with suppliers. This can help the supply chain to align the shipping means to its earnings (Closs, 2004). Global logistics within the management of the supply chain is regularly altering in order to satisfy the needs of the consumers. Using Smartphones, Iphones and Tablets, consumers often order the products believing that the product will be received in one or two days. In order to satisfy these expectations, organizations have to improve their global logistics within the supply chain in order to fulfill the order on time and rapid shipping of the item by the most dependable, yet cost-efficient and well-timed way (Sweeney, 2002). Global logistics is like a blueprint for the supply chain. Every single module inside the model of logistics stays aware, reduces the cost and progress rapidly and proficiently resulting in greater customer satisfaction. Logistics improve the performance of the supply chain to great extent by understanding the important metrics, center methods and long-term objectives of the supply chain so the item can reach the exact place at the exact time. Bibliography Bowersox, D. J., Closs, D. J. Cooper, M., 2010. Supply chain logistics management. 3rd ed.: Boston:, Available at: https://trove.nla.gov.au/work/17010157 Chen, T., 2008. Strategy for Global Logistics Management Based on the Study of Bicycle Manufacturing by Fiege Goth Logistics Services Ltd.. The Journal of Human Resource and Adult Learning, 4(1), pp. 136-142. Closs, D. J., 2004. Global Logistics: The Benefits and Challenges. Global Logistics: The Benefits and Challenges, 10(2), Available at: https://logisticsquarterly.com/issues/10-2/article1.html Narotama, 2004. Global Logistic and Distribution, Available at: https://ebooks.narotama.ac.id/files/Global%20Marketing%20Management%20(5th%20Edition)/Chapter%2015%20GlobalLogistics%20and%20Distribution.pdf Sweeney, E., 2002. The Four Fundamentals of Supply Chain Management. Practitioner Journals, 01 February, Available at: https://arrow.dit.ie/cgi/viewcontent.cgi?article=1027context=nitlothsei-redir=1referer=http%3A%2F%2Fwww.bing.com%2Fsearch%3Fq%3Dlogistics%2Bfundamental%2Bto%2Bsupply%2Bchain%2Bsuccess%26src%3DIE-TopResult%26FORM%3DIETR02%26conversationid%3D#search=%22lo Taylor, C., 2009. Five reasons why global logistics is moving from the basement to the boardroom and five steps to transformation: IBM Global Consulting Services, Available at: https://www-935.ibm.com/services/us/gbs/bus/pdf/bcw00009-five-reasons-why-logistics.pdf