Economic Influences on Logistics

Economic Influences on Logistics is one of the elective, advanced logistics courses in the CCLP (CITT-Certified Logistics Professional) program of study, and is offered at Centennial College – a CITT Centre of Excellence in Logistics Learning located in Toronto, Ontario, Canada – as part of the Supply Chain Management – Logistics graduate certificate program. This course helps learners relate economic forces to costing, pricing and operating logistics operations within a business enterprise. Learners will gain a deeper understanding of macroeconomic trends, government intervention, and how to capitalize on microeconomic levers. And they’ll know how to use that knowledge to make seemingly uncontrollable influences on supply chain profitability much more predictable—and survivable. Economic Influences on Logistics is an updated version of the CITT course Transportation Economics, and is recommended for buyers or suppliers of transportation services or anyone involved in pricing decisions, planning of supply, demand or supply-chain capacity management. Economic Influences on Logistics helps professionals understand, anticipate and adjust for economic factors impacting their business, allowing them to compete and remain profitable even in tough economic, competitive or regulatory conditions. Topics include: - Logistics and Technology - Trade and Transportation - Transportation Costs & and Efficiencies - Supply and Demand of Transportation - Transportation Costing and Pricing - Road & Rail - Transportation Costing and Pricing - Ocean & Air - Location and Transportation - Government Policy's Influence on the Transportation Industry - Transportation and Environmental Economics Course grads learn to: Adapt operations to the unique influences of Canadian infrastructure, transportation, trade agreements and logistics technology, and understand how they affect Canada’s ability to compete globally Identify all costs (direct, indirect, internal and external) Adjust logistics strategies to changes in the health of the Canadian economy and economic cycles and governmental regulation Capitalize on economic concepts such as supply and demand, diminishing returns and economies of scale Decide between modes of transportation based on economic characteristics and internal and external factors Develop pricing strategies considering inputs such as marginal and average costing, front haul / back haul pricing, price discrimination, and congestion cost pricing Adjust to early signs of changes in supply and demand across modes and adjust modes to avoid cost increases and delays