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Inventory reduction and positioning

Trade-offs are a major feature of supply chain and logistics management, as highlighted earlier when outlining factors shaping global logistics. Trade-offs occur because of the sub-optimisation found in supply chain …

What is shaping the global logistics market?

In the last step, you explored the concept of globalisation and considered its impact on developing countries. The growth of globalisation has allowed certain nations (namely those that have benefitted …

Globalisation defined

Globalisation is often considered a modern phenomenon of the late 20th century. In fact, the current wave of globalisation, which started in earnest in 1950, is a continuation of world …

A new week

Welcome to Week 2 of the Principles of Global Logistics Management. Last week, we examined definitions of logistics and supply chains and how they are linked, and discussed the importance …

Review of the week

Congratulations on completing this week and thank you for joining us for this first week of Principles of Global Logistics Management. This week, we’ve examined the difference between logistics and …

Coal vs diamonds

In this video, Nick Wright uses the example of coal and diamonds to illustrate the impact of physical characteristics on distribution choices. Both are products based on carbon. The chemical …

The five elements of logistics

The role of each element of logistics often defines the logistics activities within a supply chain. The problem with definitions and discussions of supply chains is that it is not …

Supply chain river

The supply chain river is a useful tool when it comes to highlighting the interconnection and symbiotic relationship between a supply chain and logistics. Larson and Halldorsson (2004) argued four …

The 7 Rs of logistics

In this step, we look at the 7 Rs of logistics. So, what are the 7 Rs? The Chartered Institute of Logistics & Transport UK (2019) defines them as: Getting …

Supply chain definitions and perspectives

In Step 1.3, we introduced you to the concept of a supply chain and asked you to consider the different stages involved. In this step, we unpack this concept further. …

Linking logistics to the supply chain

In the previous steps, we explored two key concepts (supply chain and logistics) – we’ll now look at how these link together. In Step 1.3, we mentioned how the value …

Logistics

In the last step, we explored the concept of a supply chain – but how does this differ from ‘logistics’? These are terms that are often used interchangeably, so let’s …

Supply chain of things

We start the course by looking at a key concept in logistics – ‘the supply chain of things’. In the video, Nick Wright explains how a supply chain of things …