Understanding and Optimizing Logistics Costs in International Trade
Logistics is a comprehensive set of activities that seamlessly connect primary and secondary input suppliers with end customers through a value chain. When managed effectively, logistics costs can significantly optimize an organization’s profitability.
In today’s competitive global marketplace, it’s impossible to envision international business without the crucial role of global logistics. As businesses increasingly operate on a global scale, logistics plays an essential role in efficiently sourcing raw materials and effectively marketing finished goods.
Logistics is, therefore, a critical factor in achieving customer satisfaction at the lowest possible cost. A well-executed logistics strategy not only adds value but also contributes to sustainable growth.
Program Overview
This program is designed to help participants identify key areas where logistics and shipping costs can be reduced without compromising customer service or the timely delivery of goods in international trade. It’s particularly relevant in today’s challenging and dynamic business environment.
Key Topics Covered
Nature, Role & Scope of Logistics
- Understanding the integral role of logistics in the supply chain.
Inbound, Shipping & Outbound Logistics
- Managing logistics from the supplier to the customer.
Means & Modes of Transportation in International Trade
- Exploring various transportation options and their cost implications.
Inland Transportation Costs
- Strategies to minimize costs associated with inland transport.
Ocean Freight and Shipping Costs
- Analyzing factors that influence ocean freight rates and shipping expenses.
Inventory Management
- Techniques to optimize inventory levels and reduce associated costs.
Warehousing Costs
- Efficient warehousing strategies to minimize expenses.
Port Charges
- Understanding and managing port-related expenses.
Other Cost Optimization Measures
- Exploring additional strategies to reduce logistics and shipping costs.
- Types of Ships & Containers
- Selecting the right ships and containers to optimize cost-efficiency.
- Optimizing Logistics & Shipping Costs
- Comprehensive approaches to reducing overall logistics and shipping expenses.
- Incoterms as a Cost-Cutting Tool
- Leveraging Incoterms to optimize cost-sharing between buyers and sellers.
- Overcoming Present Challenges in Shipping & Logistics
- Strategies to address current challenges in the global logistics environment.