logo

Sample Assignment on Global Logistics

   

Added on  2021-04-21

5 Pages1051 Words91 Views
GLOBAL LOGISTICS 1Global LogisticsBy NameCourseInstructorInstitutionLocationDate

GLOBAL LOGISTICS 2Global LogisticsEvery company requires logistic management so as to facilitate performance of activities. Lack of logistic management strategies affect the performance. In this paper, we consider logistic management issues facing Hanjin’s Shipping Company. Typically, logistic management refers tosupply chain management applied to satisfy customer demands via control, planning and implementation of effective storage, movement of goods, services and relevant information from origin to destination. The main logistic management issues affecting Hanjin’s Shipping Company are overcapacity and supply chain interruptions. These issues result to low shipping rates. In that connection, the company is putting a lot of pressure on the shipment process. These issues affect supply chain services. The main cause of logistic management problems in the company is based on mismanagement of finances required to facilitate supply chain services (Hausman, 2007). Again, poor planning decision in the logistic business aspects contribute to overcapacity. Consequently, failure of their mismanagement of financial and planning decision in the logistic business aspects is a shock to global commerce and logistics. This is clearly asserted by Joe Dunlap, the managing director of supply chain services in Hanjin’s Shipping Company. This is caused by mounting overcapacity in international shipping and depressed container rates. Mismanagement of financial and planning decision in Hanjin’s Shipping Company have left retailers and importers to face higher costs. They also face challenges in terms of service impactsas they struggle to search for other alternatives of transport.Logistic management facilitates performance of the company by lowering supply chain service costs. However, logistic management issues facing Hanjin’s Shipping Company pose negative impacts to the performance of the company. First, they interrupt supply chain services. In that connection, Hanjin’s Shipping Company is forced to freeze shipments. This results to loss of millions of dollars of merchandise held by the company. This affects the store stock for importers and retailers thus affecting the performance of the company. Another impact on performance is loss of competitive advantage in the market (Dann and Dann, 2007). Although Hanjin is one of the biggest shipping company in the world, retailers and importers affected by logistic management issues, mismanagement of financial and planning decisions will be forced to find other shipping companies so as to meet their demands.

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
Management and Information System
|9
|2576
|263

Impact of GST in Logistics Assignment
|6
|1285
|234

INTERNATIONAL LOGISTICS.
|4
|480
|275

Case Study Of Logistics Management
|9
|3051
|51

Supply and Distribution Systems for Bosch: An Analysis
|13
|4388
|181

Logistic Issues and Strategies for Australia Post
|12
|3828
|72