Basics of Export Logistics

Paper Code: 
FTM 502
Credits: 
3
Contact Hours: 
45.00
Max. Marks: 
100.00
Objective: 

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

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.

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.

Essential Readings: 

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

ACADEMIC YEAR: