On completion of this course, the student will be able to:
1. Understand the importance of logistics and supply chain management in the global economy and describe some of the factors that make planning and managing international logistics more complex than domestic logistics.
2. Evaluate the impact of alternative market entry strategies on supply chain operations.
3. Explain key elements of international contracts, alternative terms of payment, and the use of bank guarantees to minimize risk.
4. Assess the impact of the choice of currency and exchange rate fluctuations on the cost or profitability of international transactions.
5. Explain the use of international commerce terms and key documents associated with managing global logistics operations and describe the overall customs clearing process and the role of tariffs and non-tariff barriers in international trade.
6. Understand key concepts and terms associated with insuring goods being shipped across international boundaries as well as sources for government and private insurance.
7. Describe the role of the five basic modes of transportation in an international environment and the role of intermodal transportation and understand the role of packaging in the supply chain and the unique challenges associated with packaging products for global markets.
8. Understand the importance of the host country infrastructure when making site selection decisions or planning and managing international logistics or supply chain operations and explain the role of transportation in meeting the needs of homeland security and how government and industry are working together to improve the security of international trade.
9. Analyze the value of using export managers, third party logistics providers, and other facilitators to meet the international logistics and supply chain needs of the enterprise.3
10. Explain the unique role of global supply chain management as a key source of competitive advantage for firms operating internationally.