week 3 International Logistics Discussion Paper
Hunter Calhoun
Define contract logistics.
Contract logistics is the subcontracting of logistics and resource management responsibilities to a third party company (Grant, 2019). Contract logistics companies handle activities such as designing and planning supply chains, designing facilities, warehousing, transporting and distributing goods, processing orders and payments, and managing inventory (Grant, 2019). Contract logistics companies can help improve the efficiency of other companies by organizing and managing the hard work when it comes to procuring raw supplies needed to manufacture goods and handle the transportation and storage of the final product to the consumer. week 3 International Logistics Discussion Paper.
References
Grant, M. (2019). When contract logistics matters most. Retrieved March 29, 2021, from https://www.investopedia.com/terms/c/contract-logistics.asp (Links to an external site.)
What is the first stage in selecting the Third-Party Logistics Operator?
According to our text books the first stage when selecting a third party logistics operator is to consider the implications of distribution strategy for the achievement of business plan goals, including the effect on cost, quality and flexibility (Branch, 2008). This will probably involve an ‘in-house’ evaluation of the activities involved (Branch, 2008). week 3 International Logistics Discussion Paper.
References
Branch, A. E. (2008). Global Supply Chain Management and International Logistics. [MBS Direct]. Retrieved from https://mbsdirect.vitalsource.com/#/books/9781134150953/
Baby Falefuafua
- What are the identified four major engines driving change in the twenty-first century?
According to the textbook the four major engines driving changes are “e-commerce, globalization, competition and computerization” (Branch, 2008) . In this case, I think that one of the most important major affects is computerization. With the use of technology, the world of business is always changing. The use of technology has allowed companies to be able to expand on the productivity, have connections to the internet, reserve needed information, be more organized, access to more tools, and etc. As we continue to advance the changes will bring on some good and bad. week 3 International Logistics Discussion Paper.
Reference:
Branch, A. E. (2008). Global Supply Chain Management and International Logistics. [MBS Direct]. Retrieved from https://mbsdirect.vitalsource.com/#/books/9781134150953/
Computer Hope. (2020, November 30). What are the advantages of using a computer? https://www.computerhope.com/issues/ch001798.htm
- The first key factor in the development of a successful 3PL is the 3PL mission statement. List 3 other factors?
-Three other important factors that are important to the development of a successful third-party logistics are market research, tracking the shipment, and creating a plan with the supplier. Market research is done to fully understand the business’s market, competitors, and the different tools that can be utilized. Within this third party logistics must understand their place within the market and how to create a profile. Tracking the shipment is important for multiple reasons. When a product is shipped and is at a different location within the process, any damage or delays can be someone else’s fault. Meaning that at a certain point, the liability is put on someone else depending on where the shipment is in the process. Creating a plan with the supplier is needed because this is how the businesses will continue to run. Without this, there may be confusion down the line as well as miscommunication.
Reference:
Branch, A. E. (2008). Global Supply Chain Management and International Logistics. [MBS Direct]. Retrieved from https://mbsdirect.vitalsource.com/#/books/9781134150953/.week 3 International Logistics Discussion Paper.
