World Trade Organisation (WTO) Essay Example | Topics and Well Written Essays - 250 words

World Trade Organisation (WTO) - Essay Example Another characteristic of WTO is that it endorses the idea of free trade agreements followed by resolution of conflicts and ‘trade negotiations’ among nations (BBC Profile, 2011). Answer 2 It should be pointed out that WTO is not a perfect organization neither it has been seeking perfection. As far as the positive side of WTO is concerned, it is justified to argue that the measures taken by this organisation have bolstered trade ties among countries as well as have resulted in phenomenal growth in global trade volume in last 13 – 15 years (more specifically since 1995). For instance, WTO has made a major contribution in globalisation and internationalisation of this world, thereby leading to interdependence of nations. In other words, a country having scarcity of food / agricultural products and oil could import them from foreign countries (having abundance) at reduced tariffs and meet the domestic demand. Similarly, the oil rich nations, with weak industrial base , could import machinery and manufactured products from their trading partners. Nevertheless, the WTO has also certain weaknesses and the most important one is its failure in eradicating protectionist policies. It should be recalled that protectionist policies refer to trade barriers and initiatives that help protecting domestic industries from imported products.

The role of inventory management in the logistics and operation of Fed Essay

The role of inventory management in the logistics and operation of Fed Ex Corporation Limited - Essay Example This report will seek to describe the process of inventory management undertaken at Fed Ex Corporation Limited (courier industry) and the role it plays in the overall logistics and functioning of the company in helping it pursue its objective: the fast and efficient delivery of parcels to their desired destination anywhere across the globe! Knowing the role of inventory management is important because it contributes to the overall functioning of the company and in turn, determines the efficiency of the entire process. In other words, it is very important for any firm to deal with its inventory carefully because this in turn complements and directly affects other related processes such as warehousing, transportation and all of this eventually determines the level of customer satisfaction. This customer satisfaction is essential in building and maintaining the goodwill of the company. Any little negligence or carelessness can lead to big failures and destroy very easily the goodwill that the company took years to build. Therefore, through this report, we aim to highlight the importance of inventory management and hence, the logistics operations in the overall functioning of any company, specifically explained here through Fed Ex corporation.