The paper "The Importance of Logistic Management" is an engrossing example of coursework on management. In recent years, the world trading has taken a new form of logistics since the 1970s with a succession of energy crisis a number of companies are moving towards cost-conscious particularly in respect to the cost of transport. During periods of limited industrial growth, companies are unable to increase their sales hence this has made all the manufacturing companies be more interested in productivity or cost-cutting improvements not only when it comes to manufacturing but also transportation and distribution.
With the developments of both national and international trading, more cost-effective measures are being undertaken especially the restructuring of business organizations in relation to logistics management. This, therefore, has implied that certain large companies dominate a given market hence it calls for the companies to manage large amounts of goods and items which is only controlled through efficient logistics systems as well as the use of advanced information technology systems. As the world becomes more industrialized the manufacturers and traders are facing new barriers related to different countries of shipment especially those related to customs duties and tariffs.
With the development of the transport industry, it has lead to the evolvement of logistic management which has further lead to the liberalization of competition in the industry (Cohen & Lee, 1999, pp. 75-110). The liberalization of transport due to the evolvement of logistic management has led to deregulation and privatization of various modes of transport which include both passenger and freight together with other related services such as seaports, airports, and distribution centers. Deregulation has lead to the freedom where the operators involved in the transport industry are able to set their own prices such as fares, tariffs, or freight rates.
Furthermore, this has lead to the privatization of transport organizations which acts as a barrier to sourcing of materials since this has created room for complex pricing policies. This paper, therefore, analyzes the importance of logistic management, supply chain management, procurement management, issues in logistics, and the logistic procedure involved for an Engineer from Australia to import spare parts from Japan to the Northern territory (Cooper & Ellram, 1993, pp. 20-30).
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