What are the benefits and limitations of international logistics? Critically analyse. Illustrate your response by referring to examples of sourcing from manufacturers in the Far East or anywhere else. Please remember to refer to the time versus cost trade-off.
Points to cover:
Define logistics in terms of the supply chain.
Define international Logistics.
Pros and cons of benefits of international logistics
Pros and cons of limitations of international logistics.
International sourcing
Time versus Cost trade-off (Trades off in logistics- Cost: a high-volume product for which demand is relatively stable throughout the year. Whilst subject to occasional enhancements, these are usually small scale: the lifecycle is comparatively long. Forecast error is relatively low.
Time: a high-variety product, which is designed for a given season and which is completely redesigned for the next season. Often, it is impossible to predict which colour or style will sell best. The product lifecycle is short, and forecast error is relatively high).
Critically analyse the advantages of tiering in terms of globalization, touching on areas such as outsourcing and the focused factory.
What is a tiered supplier? Define. Eg, Automotive Industry. How does it affect logistics? What are the Pros and cons?
Define Globalisation
Define and analyse outsourcing. When should an organisation outsource?
Focused factory concept- Mass production focusing on a narrow range of operations. When is the Focus factory concept necessary?
Using the SWOT analysis tool, identify and critically analyse six potential sources and causes of risk in global supply chains and where possible propose counter measures for a warehousing prospective.
Explain the benefits of competitive advantage
Define SWOT and explain how it is used for competitive advantage.
Analyse 6 potential sources and causes of threats in global supply chains using SWOT.
where possible propose counter measures form a warehouse prospective.
4 Analyse what is meant by the term ‘corporate social responsibility’ as it applies to international logistics? Illustrate your answer by referring to possible disasters and the issue of child labour.
Points to include
Define corporate social responsibility.
Explain how it applies to international logistics.
Provide examples of possible disasters
Explain the issue of child labour
