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

The Relationship between Logistics Strategy and other Corporate StrategiesGLOBAL LOGISTICSFor global firms, draw the relationship between logistics strategyand other corporate strategies in the aras of technology, market placeingand manufacturing.* Logistics systems serve as the global infra expression upon which the other systems operate* Logistics systems in itself give away a source of competitive advantage* Understanding the service needs of customers 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 moving towards the spend of focused factories that produce limited product parameters* 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 yo u feel are most important to the success ofcompanies operating globally?* study element of the dynamic diamond1. Factor 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 available 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 vital 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.Describe the role played by intermediaries in global logisticssystems. Why are intermediaries not needed in domestic logisticssystems? Intermediaries help play a much larger role in global logistics operations Provide write down transportation unit costs than manufacturers would be able to achieve Some of the intermediaries roles are production, product and support logistics, customer contact, transaction processing, local management and guess management Plays a strategic role in helping new and established companies venture into the global arena