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International Logistics: The manufacturing industry - Essay Example

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International Logistics Introduction The manufacturing industry is one of the most important industries for the circulation of goods and products for domestic and commercial use. Indeed, in the absence of manufacturing, the needs and wants of people would hardly be met…
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International Logistics: The manufacturing industry
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International Logistics: The manufacturing industry

Download file to see previous pages... As much as governments try to sustain the manufacturing industry in various global economies, it is also imperative that individual manufacturing companies themselves put in place structures and systems that would help in ensuring that they experience growth and stability. There are several economists and industrial managers who point to a number of ways and strategies that can be used by manufacturing companies to ensure rapid and speedy growth. Among these is the need to have a generic strategy that puts a company at a better competitive advantage over rival companies. In the case of Tate and Lyle, the company has among its internal structures for growth, the adaptation of inventory hosting. Though several theorists are not in support of inventory holding for modern economic practice, Tate and Lyle depends on this in warehousing facilities. This essay shall there assess the most economic manner in which the company can manage its warehouses and make the best out of it. Overview of International Logistics There are laws and regulations that guide the general shipment of goods and products across waters. These laws and regulations are controlled by international bodies with international statues to ensure that there is absolute compliance to the laws and regulations. ...
Most of the laws and regulations that boarder on international shipping are on packing, labeling, documentation, and insurance requirements and this is the basis for international logistics (Incoterms, 2010). In the bid to ship or export products also, exporters are opened to four major alternatives in the form of shipping they would want o undertake. These forms include the arrangement of personal shipping, the reliance on freight forwarders, using the services of the Shippers Association and choosing express delivery and mail services. It is important however to note that notwithstanding the form of shipping selected, the basic international logistics (laws and regulations) remains unchanged. The implication of this to Tate and Lyle, which has selected to rely on the shippers’ association by requiring the co-operation of the Port of London’s tugs to ensure their safe navigation, it is very important that the company put structures in place to ensure that it is confirming to international logistics and not breaking these in anyway. This way, the company can win the trust of customers over other competitors and ensure massive growth and development in its manufacturing and shipping services. Background to inventory holding and warehousing in the manufacturing industry Contrary to modern advocacy against inventory holding (Hanson, 2006), Tate and Lyle rely and practice warehousing to a very large extent. Before touching on the merits and risks with their decision, it is just right to mention that Tate and Lyle are only holding on to a practice that has been in the industry for such a time. The Management Study Guide (2012) notes that though companies may have varied and overlapping responsibilities, “some key aspects like supply chain management, ...Download file to see next pagesRead More
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