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26 Cards in this Set
- Front
- Back
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Logistics management |
is that part of supply chain management that plans, implements, and controls the efficient, effective forward and reverse flow and storage of goods, services and related information between the point of origin and the point of consumption in order to meet customers' requirements |
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international logistics |
logistics activities associated with goods that are sold across national borders mang of international logistics: enablers activities drivers risks |
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International enablers |
commoditized transportation information and communication tech |
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international drivers |
factor costs economies of scale |
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international activities |
network design risk management governance |
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international risks |
local responsiveness/time to market inventory and handling costs transportation breakdowns geopolitical threats (war, terror) |
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___________ can significantly impact transit times |
infrastructure |
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_________ must be large due to greater uncertainties, misunderstandings, or delays |
safety stocks |
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________ is difficult due to the continually changing exchange rates |
inventory valuation |
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_____ policies must be understood |
product return (reverse logistics) |
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insufficient warehousing practices can lead to higher _________ |
inventory carrying costs |
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Who can help companies navigate the complexity of international logistics? |
international freight forwarders specializing in either vessel shipments or air shipments |
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principle functions of international freight forwarders |
advising on acceptance of letter of credit booking space on carriers preparing an export decleration preparing air waybill obtaining consular docs arranging for insurance shipping notices and docs general consultant on export matters |
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Motivations for companies to expand globally?? |
increased market share return on investment economies of scale locational advantages |
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Influences for companies expanding globally |
political factors restrictions on international trade can take a variety of forms tariffs import quota embargos |
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Influences: Economic factors |
currency fluctuations market size income infrastructure economic integration |
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More influences to expanding globally |
religion values rituals beliefs languages demographic natural technological |
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How can we compare the level of logistics development around the world? |
Logistics Performance Index (LPI) |
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Logistics Performance Index (LPI) |
measures a country's performance across 6 logistical dimensions efficiency of clearnace process by border control quality of trade and transport related infrastruct ease of arranging competitively priced shipment competence and quality of logistic services ability to track and trace consignments timeliness of shipsments reaching destination |
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Highest rated LPIs |
germany singapore sweden netherland luxembourg |
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lowest rated LPIs |
rwanda namibia sierra leone eritrea somalia |
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Foreign trade zones |
areas where foreign goods may be held or processed and then re-exported without incurring duties. these trade zones can be useful as transshipment points to reduce logistics cost and redesign marketing approaches |
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____ & ______ benefit from foreign trade zones |
governments and firms |
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export processing zones |
special rules apply that are different in other regions of the country provide tax-free and duty-free treatment for production facilities whose output is destined abroad |
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Maquiladoras |
mexico example of program that permits firms to take advantage of sharp differenetials in labor costs |
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potential benefits of using a special trade zone |
duty deferral and elimination lower tariff rates lower tariff incidence exchange rate hedging import quota may not be applicable "Made in U.S.A." designation |
