Logistics and Shipping Strategies drk 11

With more opportunity in the complex business world globally, more companies are taking the initiatively to expand their market out of their comfort zone as the existing (local) market share are getting less or more competitive, with the liberalization of trade in Malaysia. During the pandemic, a lot of sales volume were converted to online and thanks to Shopee and Lazada which have promoted and enabled on-line purchases including from sources outside of Malaysia. Both the organizations also have made drastic improvements in terms of the delivery transit time resulting in consumers are not concerned with the source of the supplies as is no longer a concern. The market opportunity for our local suppliers in Malaysia are badly affected and if there is not strategic plan to explore outside of the country will result in the deteriorating of sales performance in near future. Apart from selling, larger quantity user also moves their strategic sourcing to suppliers internationally to capture better cost and quality products. Such trend in business will in need of a better and more effective logistics and shipping knowledge and management. Although the cost of Logistics and shipping is only a fraction of the total product costing but with a large volume of transactions, the value involved in logistics and shipping cannot be taken for granted. A lot of hidden costs which are not foreseen by most company and such cost can be the opportunity for the company to reduce or contained. The agility of the whole logistics and shipping process will also ensure better transit time, and this is another important factor for customer satisfaction. The longer the transit time, inventory are involved, and inventory always attract cost to the company. The need for faster processing of related documents are keys to the customs formalities and will help in the clearance of the cargo. The relationship and the effective negotiation with Forwarders may provide the efficient services at a better cost compared to the market price. In view of the challenges in the Logistics and Shipping department for any organization, this training will equip participants with better knowledge and competency to manage the related parties for better cost and faster transit time. Both these factors can differentiate the company from their competitors in view of the customers perception that location of the source is seamless in their purchasing decisions. With the better knowledge and competency of the Logistics and Shipping departments, processes can be improved and cost cutting opportunity can be identify for negotiation.

Module 1 – Understanding Logistics and Shipping (CL01) Meaning of Logistics and Shipping Product or Cargo Knowledge Challenges encountered in Logistics and Shipping End-to-End Supply Chain Management. Group Activities - Challenges in Logistics and Shipping? Module 2 – Transportation Mode (CL02) Different Mode of Transportation & the important Ports Freight rates Versus Leadtime Suitable Packing worthiness for the journey Content for yearly RFQ Group Activities 1) To discuss between Freight (Cost) and Leadtime 2) Explore the various & cost reduction of packing type Module 3 – The role of 3PL (CL03) Services provided by 3PL. Facilities & Warehousing What are the “Hidden Costs”? Service Level Agreement Group Activities - rates reduction in 3PL? Module 4 – Shipping Tasks(CL04) Booking of Freight Inventory availability Shipping Documentation Readiness Moving of Cargo to Port (Airport and Seaport) Group Activities - How to reduce inventory level? Module 5 – International Trade (CL05) “Preference Trade Arrangement” Incoterm Letter of Credit Rick Management Group Activities – Which incoterm is the right for your shipment? Module 6 – Logistics & Shipping after 2023 (CL06) Technology Advancement Sustainability and Green Logistics Dashboard for Performance monitoring Creative Decision Making