Prax Ltd. wants to expand its supply chain operations to Europe and USA where company has its strong customer base and need to form a logistics strategy for ease of operations. Advise the company on the elements to be in

Prax Ltd. can include the following elements in its Logistics Strategy plan to make it more effective: Customer service policy - The appropriate level of service for customers, by product group or market segment; considering: order fulfilment requirements, enquiry and investigation capability and the available information. The customer service policy informs the nodes and links of the supply network. Inventory location policy (Supply Network nodes) - Centralised or decentralised inventory; whether to differentiate facilities by fast- and slow-moving stock; location of sites; use of specific technologies and layouts; company-owned or contracted facilities. Inventory policy - Form and function of inventory by location; the appropriate amount of stock to hold for various groups of inventories; planning structure that links outbound and inbound materials. Cost plan - Trade-off analysis between cost and service level requirements; cost of Logistics operations. Transport and distribution (Supply Network links) policy - Affected by whether enterprise imports or exports and the size and structure of conurbations being served. This incorporates transport modes, delivery pattern and storage location considerations, based on the time taken for deliveries. IT and Communications capability - Technologies (including software) that will be internally developed; buy planning and scheduling applications from single supplier or obtain 'best of breed' applications. Logistics organisation structure - Function or flow based; allocation of responsibilities; managed or self-managed teams. Logistics Targets and metrics - Measures of performance and achievement targets; operations improvements process and management