Friday, January 31, 2020
E-Logistics and International supply Chain Management Essay
E-Logistics and International supply Chain Management - Essay Example The international supply chain is a medium which initiates the global trade. The information technology relies heavily on the use of internet. Integrating the technological advancements will lead to the development of e-logistics (Stank, Keller, & Daugherty, 2001). The activities which describe the key logistic functions includes the following The chart shown above explains that logistics deals with the order processing, inventory management, transportation, facilitation networks and warehousing which includes material handling and packaging. The management of all the components and elements for supporting logistics and supply chain function is essential for smooth running of the system (Flint et al., 2005). The details of the elements are shown below. The logistic management is the connection between the suppliers and customers. This includes management of raw materials, in-process inventory and management of the finished goods. The management is responsible for planning, implementing and controlling which include customer satisfaction, demand forecasting, inventory management, procurement, packaging and warehousing etc. The inputs into the logistics include natural resources, human resources, financial resources and information resources (Flint et al., 2005). The outputs of logistics include the competitive advantage, time utility, efficient supply or movement to the customers and inclusion of the proprietary assets. The overall goals associated with logistics management are ensuring that the customers are satisfied and cost can be minimized. Managing the quantities, goods, places, time, condition and cost are the features why logistics is managed (Fugate, Mentzer, and Stank, 2010). Information flow within the system is the tool which makes it dynamic. This requires that the information, communication, cooperation and trust of the individuals are synchronized. With the application of the internet and
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