Assignment 3 week 5 TMLT 600 Power Point
.pptx
School
American Public University**We aren't endorsed by this school
Course
TLMT 600
Subject
Accounting
Date
Dec 19, 2024
Pages
10
Uploaded by CorporalParrotMaster857
ADVANTAGES AND DISADVANTAGES OF EACH MODE OF TRANSPORTATIONAND STRATEGIQUE DECISION OF TRANSPORTATION MANAGERLamine Toure TLMT 600American Military UniversityInstructor : Wallace Burns12 MAY 2024
TRANSPORTATION STRATEGY•Transportation strategy refers to the comprehensive plan devised by an organization •To efficiently and effectively manage the movement of goods and materials from one location to another. It involves making decisions regarding various aspects of transportation, including modes of transport (such as road, rail, sea, air), routes, carriers, frequency of shipments, and distribution network design.
Components of transportation strategy •Choose the appropriate mode of selection is important in transportation strategy•Identification of the appropriate carrier to meet the organization’s needs is paramount
•Determining the most efficient routes for transporting goods, considering factors like distance, congestion, road conditions, and customer delivery requirements. Scheduling involves optimizing the timing and frequency of shipments to minimize transit times and inventory holding costs.•Ensuring alignment between transportation activities and other supply chain functions, such as inventory management, warehousing, and customer service. Integration helps streamline processes, reduce lead times, and enhance overall supply chain performance..
•Leveraging transportation management systems (TMS), route optimization software, tracking and tracing technologies, and other tools to improve visibility, control, and efficiency in transportation operations•Identifying potential risks and disruptions in the transportation network, such as weather events, labor strikes, or geopolitical instability, and implementing strategies to mitigate these risks, such as contingency planning, diversification of carriers, or inventory buffers.
Organization Planning•When planning organizational objectives, considerations such as cost, service, and desired imposition are crucial in shaping the transportation strategy. •Cost considerations are fundamental in transportation strategy. This involves analyzing the expenses associated with different transportation modes, carriers, routes, and inventory holding costs. The aim is to minimize transportation costs while ensuring that service levels meet customer expectations and organizational goals. •Strategies to reduce costs may include consolidating shipments, optimizing routes, negotiating favorable rates with carriers, and leveraging economies of scale.
•Service levels refer to the quality and reliability of transportation operations, including factors such as transit times, on-time delivery performance, tracking and tracing capabilities, and responsiveness to customer needs. The transportation strategy should be designed to deliver the level of service required to satisfy customer demands and support the organization's competitive positioning. •For example, if a company aims to differentiate itself based on fast and reliable delivery, the transportation strategy would prioritize speed and reliability, even if it means higher costs.•The market position desired position in the marketplace influences transportation strategy in several ways. For instance, if a company aims to be known for offering premium products or services, its transportation strategy may prioritize fast and secure delivery options, even if they come at a higher cost.
•The market position desired position in the marketplace influences transportation strategy in several ways. For instance, if a company aims to be known for offering premium products or services, its transportation strategy may prioritize fast and secure delivery options, even if they come at a higher cost. •Conversely, if the goal is to compete on price, the transportation strategy may focus on cost optimization measures, such as choosing lower-cost transportation modes or consolidating shipments to achieve economies of scale.
Conclusion•Considering these elements in the conclusion of planning organizational objectives, businesses can develop strategic goals that are realistic, competitive, and aligned with both internal capabilities and external market dynamics.
References•Bangs, D. H. (2002). The market planning guide: creating a plan to successfully market your business, product, or service. Dearborn Financial.•Bollinger, A. S., & Smith, R. D. (2001). Managing organizational knowledge as a strategic asset. Journal of Knowledge Management, 5(1), 8–18. https://doi.org/10.1108/13673270110384365•Chakraborty, D., & Biswas, W. (2019). Evaluating the impact of human resource planning programs in addressing the strategic goal of the firm: An organizational perspective. Journal of Advances in Management Research, 16(5), 659–682. https://doi.org/10.1108/JAMR-01-2019-0007•Rodriguez, R., Molina-Castillo, F.-J., & Svensson, G. (2020). Enterprise resource planning and business model innovation: process, evolution and outcome. European Journal of Innovation Management, 23(4), 728–752. https://doi.org/10.1108/EJIM-04-2019-0092