Upon successful completion of this course, the student will: understand the role of logistics in global business; be aware of the economic and service characteristics of international transportation providers; comprehend government's role, documentation and terms of sale used in global business; and discern the fundamentals for effective management of exporting and importing.
- To explain the role of Logistics in a Global environment, along with the key influences impacting global logistics operational and system effectiveness.
- To describe the specific functional elements involved in a global logistics process, along with the rationale for requiring why each key functional element must be integrated into all elements of the global process.
- To develop the knowledge required for the design of various transportation and logistics global networks for both Shippers and Carriers.
- To describe the value-added roles of global logistics Intermediaries and how these Intermediaries can and should interact most efficiently with each other, in order to achieve optimum business and logistics results.
- To describe with precision the meaning of each of the 13 definitions of INCOTERMS which are used in every transaction involving International Commerce. Each Incoterm describes the legal and financial impact on global Shippers....Carriers...and Buyers.
- To explain the key role of Governments (U.S. and others) in a global economy, and the implications of government regulations, policies, and strategic value which can significantly impact Business operating on a global basis.
- To describe the importance of the accuracy and critical timing of Documentation in the global transaction via all modes of transportation.
- To describe the critical importance of Cargo Insurance and Liability in a global transaction, and the complexity of dealing with each, due to differing cultures, monetary exchanges, political climates, languages, time zones, weather, metric systems, safety, as well as numerous laws and regulations within each country.
Major topics covered in the course are government's role in global logistics, the global logistics environment, ocean and air transportation, transportation to Canada and Mexico, intermediaries, documentation, insurance, exporting and importing.