Reference no: EM132244529

Discuss characteristics of different transport modes. Understand the relationship between rate and distance, total weight and $ per pound, how fixed costs and variable costs vary among transportation modes. (e.g., what is volumetric charging?)

Explain the impact the factory gate pricing on supply chains. (e.g., who benefits the most and how?)

Understand the types of load devices in international transportation. Discuss the rationale behind the transloading.

Discuss JIT strategy from a transportation perspective. Explain the role of Panama Canal in international shipping.

Explain the necessity for logistics service providers. Discuss how logistics service providers can be classified (e.g., how does a consortium concept similar to NVOCC help shippers?)

Explain the difference between logistics service providers (LSPs) and third party logistics providers (3PLs)?

Understand the services offered by 3PLs (e.g. how does a 3PL will differentiate itself in a market place?)

Develop a perspective on the existing global 3PL situation. (e.g., who are the top players? what kind of services they offer? what is the general outlook? DHL, Maersk, A.P. Moller)

Describe how 4PL can help companies? What are the differences between 3PL and 4PL?

Discuss the factors involved in selecting suppliers.

Explain why procurement is a strategic activity. Discuss the difference between public and private procurement. (e.g., why spending in an organization is not obvious?)

Discuss the requirements of a procurement strategy. What are the pros and cons of procurement consolidation?

Explain how Kraljic matrix can help a buyer to manage procurement portfolios (e.g. how one can transition from managing bottleneck items to either managing non-critical items or leveraging their buying power?)

Discuss supply chain disruptions and how they impact procurement. Discuss the role of the “buyer”.

Understand the steps involved in the procurement process and procurement tools & techniques.

Explain how procurement performance can be measured and why value of money is important.

Develop a perspective on sourcing issues from an ethical and sustainability perspective.

Explain the reasons for holding inventory in a supply chain.

Discuss two types of inventory control systems: reorder point system and periodic inventory system.

Apply the concepts from reorder point system to address two critical questions: how much to order? When to order? (e.g., EOQ, total inventory costs, total ordering costs, total number of orders, ordering frequency, reorder point, safety stock calculations)

Discuss how inventory is managed in a supply chain (e.g. inventory centralization, delayed product differentiation, component commonality, transit/pipeline inventory)

Explain how to categorize the products for inventory management.

Discuss inventory reduction principles, the impact of JIT strategy on inventory.