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However, to realize these benefits, shippers must meet the growing task of dealing with customs and compliance issues surrounding their participation in free-trade agreements.
Promoting key relationships with shipping and intermediary partners is a necessary strategy in cross-border transportation between the US and Mexico. As the growth of NAFTA cross-border traffic regulations for Mexico continues to drive trade growth between the two countries, compliance and security issues continue to challenge transportation and logistics providers as well as shippers (Villarreal 67).
There are considerable impediments for the efficient good movement between the two countries. Major hurdles derive from transaction costs which reduce and often eliminate the benefits gained from the removal of tariffs resulting from NAFTA. Transaction costs in this paper refers to cost not linked with direct transportation expenses like freight rates, but those that emerge from complying with security, safety and customs procedures, delays at border crossings and those linked with extra handling of goods as a result of lack of a harmonized transportation system (Lederman, Maloney, and Serven 112). These costs increases prices for traded goods and affect the demand for goods manufactured in these countries.
Transaction costs arise from regulatory and infrastructure issue that add costs to the movement of goods. According to Frittelli (36) their quantifying is hard given the wide range of factors that affect trade and transportation in North America.
A recent study estimated the total delay costs along the U.S.-Mexico border, at nearly $80 million (Tsui 9). It is hard to distinguish costs as a result border security regulations from those that are due to poor infrastructure or lack of harmonization. Particularly, as security regulations continue to evolve as emerging
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This paper seeks to discuss elements of logistics in an organization such as BMW. The paper will answer particular questions on logistics. Question 1 Evaluation of the statement, ‘inventory generates costs that should be minimized’ Inventory refers to the set of goods or materials that are held by an entity at a particular time.
According to Grant (2006, p. 24), logistics management can be defined as the process which involve planning, controlling, and implementing the effective, efficient flow, as well as storage of goods, services and related information from the point of their origin to point of consumption for the purpose of conforming to all requirements.
Its operations started on the west coast of Africa in 1923 as Lever Brothers Nigeria Ltd. It is a subsidiary of Unilever Plc of UK. Over the years through several mergers and acquisitions, the company’s name changed to Unilever Plc to reflect the diverse holdings of the owners.
ion where products and business concepts are being launched on a daily basis, it would apparently be very difficult for companies to stay on the top slots continuously. More than the Companies, it is the advanced Operational strategies and logistics of the Companies which are in competition. This paper attempts to present the operations and logistic management strategies of Zara, a fashion company, part of the Inditex Group.
According to Ghiani and Musmanno (2004, p.1), “its mission is to get the right materials to the right place at the right time, while optimizing a given performance measure (e.g. minimizing total operating costs) and satisfying a given set of constraints (e.g.
The department was also busy interviewing for new hires as they were expanding and side by side they were trying furiously to set their budgets as well. During this period, the director of HR was getting a lot of requests from different people in HR to approve the budgets they had proposed according to the projects they wanted to execute in the coming year.
The subprime crisis has been particularly cruel to the Chinese economy. The logistics industry in China is still at the beginning. Although it is developing fast, it has many problems. The out-dated management styles, obsolete information technology and haphazard planning of capital construction in the national transportation system and so on restrict the development of the logistics industry in China.
Logistics is aimed at firms and customers. Its great significance cannot be undermined.
Logistics has some connection to the concept of supply chain in that it refers to the integration of business functions involving the transfer of materials from
On the other hand, Buddha was the initiator of the Buddhist religion in India, which went on to spread all over Asia affecting the way the society was run. The paper then traces the Greeks, with the myth on Europa and Zeus, the cause
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