Transportation is vital for the firms and institutions that rely on it and for the economy in general. Not only though is it one of the most important components of global supply chains, it’s also one of the most vulnerable. That is why it is important to understand the management and operations of transportation. The need for increased transportation security both outside and within country borders and the volatile nature of global fuel prices constantly need to be considered and factored into decisions companies make.
In this course, we will look at transportation demand, its unique challenges, and how the transportation services of companies can add value to products. We will also look at supply chain management development and its importance, emphasizing why transportation is key to efficient and effective supply chains. The unique features of transportation costs and rates and the theory and practices of transportation pricing are covered.
Private transportation and fleet management is also discussed, with key highlights such as the rationale of using private fleets, the different kinds of private transportation, and the practices currently used in fleet management. As many companies are now looking to utilize 3PL providers, we also outline the structure of the 3PL industry, relationship options, and common customer characteristics.
Last but not least, we look at the always evolving role in the supply chains of global transportation. Focusing on the planning activities related to efficient freight movement between countries we will cover the effective choices of route, carrier and mode selection, accurate documentation, and trade terms. A crucial element in transportation is risk management. After an overview of the key concepts, we will focus on important points such as strategies, methods, and outcomes to reduce risks.
Upon completion of the course, you will have the practical and valuable skills necessary to improve the transportation function within your company as a whole, by teaching you the basic principles and good practices of transportation planning, management, and control.
