What is International Logistics and Supply Chain Management? | NIPM CILSCMS
Nigerian Institute of Production Management (NIPM) Centre for International Logistics and Supply Chain Management Studies (CILSCMS) is helping organizations drive performance by providing cutting-edge training, research and consultancy services.
What is International Logistics and Supply Chain Management? | NIPM CILSCMS
By Dr. Olaniyi Opanuga, FNIPM
For better clarity I would like to share two definitions.
International logistics and supply chain management can be defined as the planning, coordination, and execution of global supply chain activities, integrating logistics and trade processes to deliver products efficiently and effectively across borders.
It involves managing complex networks of suppliers, manufacturers, logistics providers, and customers worldwide.
Alternatively, international logistics and supply chain management can be defined as the strategic management of global operations to create competitive advantage, reduce costs, improve customer satisfaction and profitability through optimized logistics, transportation and supply chains.
Nigerian Institute of Production Management (NIPM) Centre for International Logistics and Supply Chain Management Studies (CILSCMS) is helping organizations drive performance by providing cutting-edge training, research and consultancy services.
NIPM CILSCMS equips professionals and businesses with the skills and knowledge needed to navigate global supply chain complexities, optimize logistics and improve international trade competitiveness.
KEY COMPONENTS:
Some of the key components are as follows:
– Global logistics: Transportation, warehousing, inventory management
– Supply chain management: procurement, production, distribution
– International trade: regulations, compliance, risk management
– Customs clearance and freight forwarding
– Global supply chain optimization
IMPORTANCE:
The Importance of international logistics and supply chain management can be summed up as follows:
– Enhances global competitiveness
– Improves customer satisfaction
– Drives economic growth
– Increases efficiency and reduces costs
IMPACT OF NIPM CILSCMS:
NIPM CILSCMS promotes international trade in Nigeria by:
– Providing world-class education, training and certification programs.
– Enhancing professionals’ skills and knowledge in global logistics and supply chain management
– Fostering industry-academia collaboration and research.
– Driving best practices and innovation in logistics and supply chain management
– Supporting businesses in navigating complex international trade regulations and procedures.