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Global Sourcing: Logistics
Terms in this set (18)
What is a key component of the global sourcing chain: connects the dots?
Logistics- without it, you might have all of the pieces, but you cannot put it together
-They impact the ability to meet customer delivery requirements & how the entire product cycle is determined
Logistics decisions impact the ( ) and ( ) of the product
1. Price and 2. Quality
Logistics: Business Definition
-defined as a business planning framework for the management of material, service, information and capital flows.
-includes the increasingly complex information, communication and control systems required in today's business environment
-"I hear your distribution network is second to none"
Logistics: military definition
-The science of planning and carrying out the movement and maintenance of forces.... those aspects of military operations that deal with the design and development, acquisition, storage, movement, distribution, maintenance, evacuation and disposition of material; movement, evacuation, and hospitalization of personnel; acquisition of construction, maintenance, operation and disposition of facilities; and acquisition of furnishing of services
Logistics: Modern Definition
-The process of moving and storing product through the supply chain from raw material to finished product on the sales floor.
**Right thing, right place, right time
Where does Logistics fit?
Supply Chain Management-> Logistics Management-> Distribution
- the movement of materials to the place of manufacture.
-includes: fabrics, trims and sundries.
The costs associated with these logistics must be added to the transaction value of the product (hidden cost?)
-the movement of finished product from the manufacturer, or point of ownership transfer, through Customs clearance and into Warehouse (distribution point)
-In the U.S.A the costs associated with these logistics are not included in the transaction value of the product
Decisions involved in Logistics
-what mode of transportation to use
-which port to use
-where to warehouse product before shipping to store
-factory direct from source to the store
-"cross docking" store ready assortments when it arrives and cases are merely resorted by destination at the DC
-Pick and Pack
-what role does e-commerce play?
2. Transport Strategy
3. Customer Service
<325 U.S. ports
-West Coast Ports: Long Beach, LA, Oakland, Seattle
-East Coast Ports: Jersey, Philly, Norfolk
-Southern Ports: Miami, NOLA, Mobile, Savannah, Charleston
Mexico (Manzanillo) Port Proposal
remove some of the pressure on the West Coast to expand Manzanillo and use a mini land bridge to move product to the US by rail
List of Important Documents & Handling (hint:4)
.sealed pouch that transports correspondence documents
-Forwarders Cargo Receipt (FCR)
.issued by a freight forwarder to confirm receipt of cargo, not a transportation document
.transport document that serves as a tally-sheet, gives a detailed summary of all bills of lading (or air waybills) issued by a carrier (or its agent) for a particular voyage of a particular vessel or vehicle
-Document required by customs to determine true value of the imports, for assessment of duties/taxes
-Must identify BUYER & SELLER
-Clearly indicate the following:(1) date and terms of sale,
(2) quantity, weight and/or volume of the shipment,
(3) type of packaging,
(4) complete description of goods,
(5) unit value and total value,
(6) insurance, shipping and other charges
Bill of Lading (B/L)
-A document issued by a carrier, or its agent, to the shipper as a contract of carriage of goods. It is also a receipt for cargo accepted for transportation and must be present for taking delivery to the destination Clearly indicate the following: (1) consignor's and consignee's name,
(2) names of the ports of departure and destination,
(3) name of the vessel,
(4) dates of departure and arrival,
(5) itemized list of goods being transported with number of packages and kind of packaging,
(6) marks and numbers on the packages,
(7) weight and/or volume of the cargo, (8) freight rate and amount.
Negotiable & Non-Negotiable Ownership Titles
-B/L requires a proof of ownership
-Negotiable= commonly used in letter of credit transactions, and may be bought, sold, or traded; or used as collateral for borrowing money
A bill of landing
-is required in all claims for compensation for any damage, delay, or loss; and for the resolution of disputes regarding ownership of the cargo.
-is required in all claims of compensation, and ownership disputes
-lists the rights, responsibilities and liabilities of the carrier and shipper
-is the contract of carriage of goods
-is the receipt for cargo accepted, also must be present for delivering to destination
.Hague rules (older)
.Hague-Visby rules (newer)
Certificate (Declaration) of Origin
-certifies a shipment's country of origin
-used b/w members of a trading block/where special privileges are granted to goods produced in certain countries
-issued by trade promotion office/chamber of commerce in exporting country
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