What is Maritime Logistics?
What is Maritime Logistics? Maritime logistics encompasses the planning, implementation, tracking and management of goods movement during ocean transportation. It is crucial for optimizing the logistics supply chain, facilitating international trade, and enhancing supply chain management efficiency, thereby supporting global commerce and economic growth. Characteristics of Maritime Logistics: Defined by high capacity and international reach, […]
Bull-whip Effect in Supply Chain Management
What is Bull-whip Effect in Supply Chain Management? The Bull-whip Effect in Supply Chain Management occurs when small changes in demand at the retail level cause large fluctuations in production at the manufacturer level. This results in inefficiencies, delays, excess inventory, and disorganization throughout the supply chain management process, creating significant disruptions and higher costs. […]
