The Relationship between Logistics Strategy and other Corporate Strategies :: Business and Management Studies:

The Relationship surrounded by Logistics scheme and other Corporate StrategiesGLOBAL LOGISTICSFor global firms, describe the relationship between logistics outlineand other corporate strategies in the areas of technology, food marketingand manufacturing.* Logistics systems serve as the global infrastructure upon which the other systems operate* Logistics systems in itself give a source of competitive advantage* Understanding the service needs of guests in locations around the globe to develop an effective marketing, manufacturing and logistics strategies to satisfy the needs of the customer* Managing logistics as a system, shortening lead times when possible and base towards the use of focused factories that produce limited product lines* Manufacturing is a strategy in which one or a few plants are designated as the worldwide supplier/s of a given product or product lineWhat are the major elements of the dynamic diamond suggested byMichael Porter? Which do you feel are m ost important to the winner ofcompanies operating glob wholey?* Major element of the dynamic diamond1. agent conditions nations ability to transform its basic factors (eg. Resources, education or infrastructure) into competitive advantage2. Demand conditions market size, buyer sophistication, and media exposure of gettable products3. Related and supporting industries may include partners in the supply chain, co-packers and/or co-manufacturers, or marketing and distribution intermediaries4. Company strategy, structure and rivalry market structures and the nature of domestic competition Each factor contributes greatly and is full of life to the success of companies operating both globally and locally. The efficient use of all these elements are what makes a companys success even better. quarter the role played by intermediaries in global logisticssystems. Why are intermediaries not needed in domestic logisticssystems? Intermediaries help play a much larger role i n global logistics operations exit lower transportation unit costs than manufacturers would be able to secure Some of the intermediaries roles are production, product and support logistics, customer contact, transaction processing, local management and risk management Plays a strategic role in helping new and established companies venture into the global arena