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

The Relationship between Logistics Strategy and separate Corporate Strategies world(prenominal) LOGISTICSFor global firms, describe the relationship between logistics strategyand other corporal strategies in the argonas of technology, marketingand manufacturing.* Logistics systems serve as the global infrastructure upon which the other systems operate* Logistics systems in itself give a source of competitive value* Understanding the service needs of customers in locations around the globe to shoot an effective marketing, manufacturing and logistics strategies to satisfy the needs of the customer* Managing logistics as a system, reduce lead times when possible and moving towards the use of focused factories that baffle limited harvest-time 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 im pression are most important to the success ofcompanies operating globally?* major element of the dynamic diamond1. Factor conditions nations qualification to transform its basic factors (eg. Resources, education or infrastructure) into competitive advantage2. contend conditions market size, buyer sophistication, and media exposure of available products3. Related and supporting industries whitethorn include partners in the supply chain, co-packers and/or co-manufacturers, or marketing and diffusion intermediaries4. Company strategy, structure and rivalry market structures and the nature of domestic aspiration 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 societys success even better.Describe the component 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 lower 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 oversight and risk management Plays a strategic role in helping new and open up companies venture into the global arena