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Moving products and services efficiently from one place to another requires logistics management. The same supply-chain management strategy is used in global logistics-only the number of variables is amplified. One of the best definitions of business logistics is “the process of planning, implementing, and controlling the effective and efficient flow of goods and services from the point of origin to the point of consumption.” The word “logistics” dates back more than 100 years, though we tend to equate the term now to the modern processes and technologies that have expedited materials management and distribution. The advantages to developing effective global logistics are many: new revenue opportunities from new markets is the most obvious, but there may also be increased economies of scale, and lower cost sourcing for everything from components to labor. Centralizing global production is one of the best ways to lower per-unit costs and resource budgets. The challenge comes in establishing relationships with international supply-chain partners, and/or building a global sales organization. It’s not enough to put all the pieces in place; it must be done in a way that maintains quality control across longer transit distances and transit times, and that delivers products to the end user at a reasonable value. The longer the supply chain, the more vulnerable it might be to damage or delivery interruptions caused by weather, equipment failure or other obstructions. While global logistics can be modeled, analyzed, visualized, and optimized with sophisticated simulation software, this is a procedure that will always be more reliant on human resources than machines to get the job done.
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THAT BUZZING IS THE SOUND OF FREEDOM: THANK THE DEFENSE INDUSTRY FOR THE RISE OF DRONES IN LOGISTICS AND TRANSPORTATION
The demand within the global drone logistics and transportation industry is rising at a stellar pace in recent times. The… Read More
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Regardless of the type of disruption, supply chain resilience is highly dependant on several factors, one of which being reliable… Read More
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If you’ve been wondering who is filling commercial jetliners these days, we have the answer: some brave travelers and a… Read More
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The transition of commerce to an electronic format is a well-established and economically sound process which is in its prime…. Read More
As the world begins to ease movement restrictions imposed during the COVID-19 pandemic, companies are wondering where they go from… Read More
The Coronavirus crisis has taken it’s fair share of victims in the world of retail, tolling the death knell for… Read More
Dubai Customs released information detailing impressive growth seen during the first part of 2020, confirming a solid 36 percent increase… Read More
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