Course title = INTERNATIONAL LOGISTIC AND TRANSPORTATION MANAGEME NT Answer must be in essay point with clear
Question:
Course title=INTERNATIONAL LOGISTIC AND TRANSPORTATION MANAGEMENT
Answer must be in essay point with clear explanation
PART A
1)International logistics encompasses international boundaries, in particular linking a producer, manufacturer and supplier with the distributor and customer in a dedicated service
a)Explain the factors that contribute towards the importance of international logistics.
b)Logistics is a field of business administration began in the second half of the 20th century. The later developments were due to several factors. Discuss the factors
2)Transportation management relates to the overall process of logistics management.
a)Discuss two fundamental principles that guide transportation management and operations.
b)Explain four factors that need to be considered in determining the shipping method.
PART B
1)One of procurement's important responsibilities is the selection and evaluation of supplier (vendor). Assume that your organisation is looking for a new supplier for one new product
Explain the criteria to be considered in selecting and evaluating suppliers.
2)Discuss why financial and accounting controls are very important in international logistics and transportation management