PCSL 9N577 - Economic Influences on Logistics
Programming Description
This course equips you with the ability to connect economic forces to the real-world costing, pricing, and operation of logistics within a business. You’ll develop a strong grasp of macroeconomic trends, government intervention, and the microeconomic levers that shape day-to-day decisions. You will learn how to turn external, seemingly uncontrollable pressures on supply chain profitability into factors they can anticipate, interpret, and strategically manage.
The course will enable you to understand, forecast, and adapt to the economic conditions affecting your organization, helping you stay competitive and profitable even in challenging market, regulatory, or competitive environments. It is ideal for buyers and suppliers of transportation services, as well as anyone involved in pricing, supply and demand planning, or supply-chain capacity management.
Learner Outcomes
By the end of this course, you will
• Adapt operations to the unique influences of Canadian infrastructure, transportation, trade agreements and logistics technology, and learn how they affect Canada’s ability to compete globally, identifying all costs (direct, indirect, internal and external).
• Adjust logistics strategies to changes in the health of the Canadian economy and economic cycles, and governmental regulations.
• 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.
