Business of Logistics - Cargo and inventory management

Explore the business of logistics, a framework for moving, controlling, and storing inventory from procurement to consumption, and decide between in-house or third-party logistics to maximize supply chain efficiency.

Learn how business logistics reduces carrying and storage costs and boosts profits by managing inbound and outbound flows, transportation, warehousing, and inventory through seven pillars.

Learn how business logistics move, control, and store inventory while forecasting demand, procuring materials, and reducing costs to improve delivery times, cash flow, and customer satisfaction.

Explore air cargo basics: carrier types, air mail, air express, and air freight; track time-sensitive shipments and cover cargo from temperature-controlled to dangerous goods.

Navigate the shipping process by verifying documentation and preparing waybills, manifests, and shipper's instruction. Apply correct packaging and labels, and confirm weight, dimensions, and export warehouse readiness for smooth customs.

Identify the roles of consignor, consignee, customs agent, and carrier in air cargo, and explain how freight forwarders and consolidators organize shipments and lower costs.

Determine air cargo weight by comparing gross weight with volumetric weight and charging the greater; calculate volume from length times width times height using 167, 6000, or 5000 courier conversions.

Learn the basics of ocean cargo, its use for large shipments, and the cost-effective advantages of sea freight, including containers, shipping lines, and factors affecting transit time.

Explore the main ocean freight vessels: general, container, dry, RO-RO, bulk, liquid cargo, crude, product, liquefied gas, livestock, and passenger carriers. See how cargo type and purpose guide vessel selection.

Learn the ocean cargo shipping process, focusing on documentation, packaging, and labeling, and how exporters, freight forwarders, and shipping lines coordinate invoices, releases, and pallet handling for safe transit.

Explore the roles of freight forwarders, carriers, consignees, receivers, notify parties, and banks in ocean cargo, and learn how documents and documentary credit facilitate international shipments.

Compare full container loads and less-than-container loads to optimize logistics. FCL provides lower risk and faster transit for larger shipments; LCL consolidates smaller volumes with flexible timing but potential delays.

Learn to secure cargo properly and determine the verified gross mass (BGM) to prevent losses of life and injuries, using weighing methods and clarifying shipper responsibilities.

Explore the fundamentals of inventory and warehouse management, including types of inventory and warehouses, key techniques, costs, and essential inventory management formulas.

Explore inventory and warehouse management, clarifying the differences between inventory control and warehouse operations, including types of inventory (raw material, work in progress, finished goods, mro) and warehouse models.

Explore inventory management techniques including ABC analysis, safety stock, FIFO and LIFO, EOQ, just-in-time, order point, drop shipping, demand forecasting, cross docking, and bulk shipment.

Explore inventory cost concepts in business of logistics, including inventory ordering cost, stock out cost, the Korean coast, warehousing costs, depreciation, and lost opportunities cost.

Master inventory management formulas such as EOQ, safety stock, and order point to optimize costs and stock levels, and compute days inventory outstanding and lead time consumption.