Global Logistics Logistics & Supply Chain Management

Question: Dicuss about theGlobal Logistics for Logistics Supply Chain Management. Answer: Introduction Global logistics refers to the transfer of resources and information from business to consumer. It is the part of supply chain management. It deals with how resources are stored, analyzed and transferred from one source to another (Bookbinder 2013). Supply chain management deals with the flow of materials, resources and finances from supplier, to manufacturer, chains of middlemen and ultimately the consumers. They coordinate and integrate this movement from one source to another in a company (Christopher 2016).The essay deals with the role of global logistics and its contribution to supply chain management. The paper shed critical light on the important and critical role played by global logistics. In the current age, the importance of global logistics is increasing by leaps and bounds Discussion Global expansion is a result of global logistics. Global logistics plays an important in globalization and international trade (Bookbinder 2013). Global logistics helps companies to cross boundaries and trade internationally. It helps companies to introduce their products in foreign countries. It accelerates the growth and expansion of the company. This has direct correlation with the supply chain management. It helps the supply chain management to operate internationally (Handfield et al. 2013). After careful evaluation of the feasibility and viability of the business opportunity, a company decides to trade in international market. It helps to build the scope of the business and in the process; it also provides new opportunities to the business. It increases the dimension and scope of supply chain management and helps it to operate on a large scale. Global logistics is the engine for the growth and expansion of supply chain management (Christopher 2016). Green field investment is another benefit that global logistics offers to a company and in the process helps supply chain management to grow. Global logistics helps the company to experience green field investment. International trade is the portal for a company that helps it to build a hub in foreign countries. It helps the company to build a manufacturing hub in a new country and allows it to build a strong hold in an international market. This increases the scope and the role of supply chain management. It helps it to operate in international market and also assists in increasing the functions and critical role played by supply chain management (Schnsleben 2016). Improvement of economy is another benefit that global logistics provides to a company. It helps the company to integrate economy with a foreign economy. International trade and global logistics helps the company helps the company to bolster its earning and profitability. Entering foreign market helps the market to increase the profit margin and in the process positively affect the economy of the country. It provides the necessary capital and fund to the supply chain management to expand and boom (Dyckhoff et al. 2013). It gives the scope for supply chain management to increase its standard and the level of operations. The additional sources of funds help supply chain to carry out its operations smoothly and hassle free. It helps the country to develop favorable balance of payment (Wisner et al. 2014). This positively benefits supply chain management since the economic growth also increase the scope of the country. Therefore, global logistics has a strong and positive impact on the ec onomy of the country and also on the profitability and earning scope of the company in the longer run. Global logistics helps to improve the process and procedures involved in supply chain management. Global logistics has automated process, which helps to perform in foreign countries and on a large scale (Waters and Rinsler 2014). It helps to improve the process involved in logistic management. There are various manual steps and procedures involved in logistic management. Logistic personnel are involved in such obsolete practices. It results in loss of time and resources. It limits the scope of growth and expansion for the company. It also hinders the progress supply chain management. It increases the chances of supply chain management being crippled in the current dynamic business world (Waters and Rinsler 2014). It helps to the supply chain management to utilize the benefits of technology and upgrade its system and processes in the process. It helps logistics personnel to be better trained and equipped to handle latest system involved in the logistic system. Global logistic helps to reduce time and inbound cost involved in logistic system. It enables the suppliers to produce advance ship notices. This helps to produce quality labeling of goods. It helps companies to effectively indulge in inventory planning. It also helps to integrate with offshore suppliers. The reduction of time and inbound cost helps the company to function effectively and helps to reduce the layer of cost involved in the supply chain management (Stadtler 2015). Global logistic helps in integrated planning and creates effective programs for execution. While trading on international level, it becomes the decision making is done strategically and in an effective way. It makes very important for the company to take decisions at crucial points. Global logistic has various automated processes that make the data visible and easily accessible. This helps company owners to take decisions effectively and also helps in executing programs effectively. Transportation cost involved in domestic and international trade is visible to the owners. It gives clear picture and idea about supply chain management that helps to improve the process. In global logistics, data become accessible and available for scheduling and it serves as a good means of financial measure (Stadtler 2015). Conclusion Concluding the essay, it can be seen that global logistic plays a vital role in the improvement of supply chain management. It shows a direct relation with supply chain management. The scope and growth global logistics has impacted supply chain management. Various incidents of globalization bears witness to the growth and expansion of the supply chain management. Green field investment, international trade and integration of economies with different countries are also examples of how global logistics has impacted supply chain management. It utilizes the benefits of technology and improves the processes and procedures involved in supply chain management. It makes supply chain management more advanced and equipped in tackling the challenges and issues that might arise in logistics. Reference List Bookbinder, J.H., 2013. Handbook of Global Logistics.Transportation in International Supply Chains. Christopher, M., 2016.Logistics supply chain management. Pearson Higher Ed. Dyckhoff, H., Lackes, R. and Reese, J. eds., 2013.Supply chain management and reverse logistics. Springer Science Business Media. Handfield, R., Straube, F., Pfohl, H.C. and Wieland, A., 2013. Embracing global logistics complexity to drive market advantage.DVV Media Group GmbH, BVL International. Schnsleben, P., 2016.Integral logistics management: Operations and supply chain management within and across companies. CRC Press. Stadtler, H., 2015. Supply chain management: An overview. InSupply chain management and advanced planning(pp. 3-28). Springer Berlin Heidelberg. Waters, D. and Rinsler, S., 2014.Global logistics: New directions in supply chain management. Kogan Page Publishers. Wisner, J.D., Tan, K.C. and Leong, G.K., 2014.Principles of supply chain management: a balanced approach. Cengage Learning.