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CHAP6: International Logistics, Risk, Insurance - Coggle Diagram

- - - - Materials Management: Timely movement or flow of materials/products from the sources of supply to the point of manufacture, assembly(lắp ráp), or distribution (inbound materials
    - - Movement of the firm’s product to consumers (outbound materials).
  - - - Evaluates the total cost implications of various activities.
    - - Considers the trade–off in undertaking certain logistic decisions.
    - - This approach puts more emphasis on maximizing the benefits of the corporate system as a whole as opposed to that of individual units.
  - - - Allows countries to export products in which they have a competitive advantage and import products that are either unavailable at home or produced at a lower cost overseas.
      - Expansion of economic growth and employment:
        
        Facilitates international trade and contributes to economic growth and job creation.
  - - - The need to reduce inventory, lower overall costs, and develop appropriate logistics networks and delivery systems to retain and enhance customer base.
    - - Technology improvements, added to the deregulation of transportation and communications, have transformed the logistics industry.
    - - Export controls, import restrictions, privatization, deregulation etc.