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.
Learning outcomes: On completion of this paper/course student should be able to-
• Comprehend the basic framework of international trade logistics
• Analyse the role of information and order processing
• Evaluate the need and benefits of warehousing and inventory management in international trade
• Understand the applied concepts of packing, packaging, marking, labeling and containerizing the trade merchandise
• Gauge the risks in international logistics
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.
Information and Order Processing:
Logistics Information System
Logistics Operations Management
Acknowledgment, Scrutiny and Confirmation of Export Order
Warehousing and Inventory Management:
Concept, Need, and Functions of Warehousing
Warehousing in India (in Brief)
Types of Inventory in International Logistics
Inventory Management Techniques
Packing, Packaging, Labelling and Marking of Cargo
Packaging vs Packing of Goods
Need for Packaging
Objectives of Labelling and Marking
Commonly used Labels and Markings
Precautions in Packing, Labelling and Marking (Colour, Number and Shape)
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.
1. IGNOU International Logistics Module.
2. Francis Cherunilam: International Business.