What is Logistics
Logistics is the planning, coordination, and implementation of a strategy. Logistics can be divided into operational logistics (which deals with the movement of goods from an origin to a destination) and strategic logistics (which deals with the efficient use of resources). In recent years, many organizations have adopted a holistic approach to understanding their supply chains by integrating both inbound and outbound material flow.
This type of integration has been called “supply chain management” or “value chain management.” The value in this approach lies in its ability to extend knowledge gained from one link in the supply chain process to other links in order to achieve greater efficiency within all parts of the process. A company that takes advantage of this opportunity will reap rewards in the form of lower costs, increased customer satisfaction, and improved inventory management.
How Can Logistics Be Done
Logistics can be done by:
1. Planning and overseeing the storage, ordering and delivery of supplies to an organization.
2. Managing all aspects of the shipment including the packing, loading, transporting and unloading of goods
3. Controlling an inventory system for storing and tracking materials
4. Monitoring the flow of goods from supplier to a recipient or final customer through a network of transportation or production facilities such as warehouses, factories or processing plants
5. Dealing with customer problems that arise in this process such as billing, shipping delays, product queries and returns, getting replacement parts for a machine that may have been damaged in transit etc”
The Benefits of Logistics
Logistics is a critical part of any business. By planning, coordinating, and implementing a strategy for the movement of goods, an organization can improve its efficiency and save money. In addition, good logistics can result in increased customer satisfaction and better inventory management.
The transportation industry has seen a rise in technology which has led to more and more companies investing in logistics. This is because technology has made it easier for companies to track their goods as they move through the supply chain. As a result, businesses are able to make better decisions about where and how to produce and transport their products.
Conclusion
Logistics is a critical part of any business. By planning, coordinating, and implementing a strategy for the movement of goods, an organization can improve its efficiency and save money. In addition, good logistics can result in increased customer satisfaction and better inventory management. The transportation industry has seen a rise in technology which has led to more and more companies investing in logistics. This is because technology has made it easier for companies to track their goods as they move through the supply chain. As a result, businesses are able to make better decisions about where and how to produce and transport their products.
