Basics of Export Logistics

Paper Code: 
FTM 501
Credits: 
3
Contact Hours: 
45.00
Max. Marks: 
100.00
Objective: 

The course attempts to equip the students with the knowledge of the various functional aspects involved in physical distribution of goods in international markets.

Unit I: 
Introduction to International Logistics system:

Concept, Importance
Elements of Trade Logistics Services
Important concepts of International Logistics-Cost trade off, Total cost concept, Total system concept.

Unit II: 
Information and Order Processing:

Logistics Information System
Logistics Operations Management
Acknowledgment, Scrutiny and Confirmation of Export Order

Unit III: 
Warehousing and Inventory Management:

Concept, Need, and Functions of Warehousing
Warehousing in India (in Brief)
Types of Inventory in International Logistics
Inventory Management Techniques

Unit IV: 
Packaging vs Packing of Goods

Packing, Packaging, Labelling and Marking of Cargo

Need for Packaging
Objectives of Labelling and Marking
Commonly used Labels and Markings
Precautions in Packing, Labelling and Marking (Colour, Number and Shape)

Unit V: 
Risks in International Logistics:

Exporter’s Risks: Country risk, Importer risk, Industry risk
Importer’s Risks: Defective Documentation, Supply of Faulty Goods
Common Risks: Exchange Rate risk, Transit risk.

Essential Readings: 

1. IGNOU International Logistics Module.
2. Francis Cherunilam: International Business.

References: 

1. Ram Singh, “International Trade Logistics”, Oxford University Press
2. V.V.Sople, “Logistics Management”, Pearson
3. P. Subba Rao : International Business.
4. Thakur & Mishra : International Business.
5. Varshney R.L. and Bhattacharya: International Marketing Management.
6. Chaudhary B K & Agarwal O P., “Foreign trade and Foreign exchange”,Himalayan Publishing House, New Delhi.
7. Mathur S K, “International Finance and Foreign Trade”. Shivam Publication, Jaipur.
8. Parasram “Export-What,Where and How”, Anupam Publishers.

ACADEMIC YEAR: