What are marketing logistics decisions?
The firm must make four major decisions about its market logistics: (1) How should we handle orders (order processing)? (2) Where should we locate our stock (warehousing)? (3) How much stock should we hold (inventory)? and (4) How should we ship goods (transportation)?
There are four major decision areas in supply chain management: 1) location, 2) production, 3) inventory, and 4) transportation (distribution), and there are both strategic and operational elements in each of these decision areas.
What do you understand by logistics decisions in international marketing?
(a) Logistics Decisions: Customers are interested in on-time delivery, suppliers desire to meet emergency needs and also have willingness to take back defective goods and re-supply them quickly at their costs. A company must then research the relative importance of these service outputs.
Marketing logistics involve planning, delivering and controlling the flow of physical goods, marketing materials and information from the producer to the market. The aim is to meet customer demands while still making a satisfactory profit.
What is the importance of marketing logistic?
Marketing logistics ensures that entities work together and produce the marketing materials needed in order to adequately sell a product. Place - Marketing logistics enables an operation to be able to simplify the transactions between logistics provider and customer.08-Jun-2020
The main objective of logistics management is to execute proper planning on transportation modes and inventory available to satisfy the customers. This leads to a smooth freight moving process and timely delivery of products or goods.22-Mar-2022
What are the 5 major decision areas of supply chain management?
Supply management Supply management is made up of five areas: supply planning, production planning, inventory planning, capacity planning, and distribution planning.
We classify the decisions for supply chain management into two broad categories -- strategic and operational. As the term implies, strategic decisions are made typically over a longer time horizon.22-May-1995
What are the five major components of logistics?
The five elements of logistics
Why logistics is important in international marketing?
Thus, as effective logistics system contributes immensely to the achievements of the business and marketing objectives of a firm. It creates time and place utilities in the products and thereby helps in maximizing the value satisfaction to consumers.01-Jul-1997
Logistics and marketing are complementary business operations that enable a company to ensure that it can offer the right products to the right customers in the right place. Place is one of the five P's of marketing, which also includes product, price, promotion and people.26-Sept-2017
What is the other name for marketing logistics?
Marketing logistics is also called physical distribution that is concerned with managing the physical flow of products from the supplier's point to the consumption point.
Types of Logistics
What are the four marketing functions?
Product, price, promotion, and place form the four Ps of the marketing mix. These are the key factors that are involved in introducing a product or service to the public.
Top 6 Efficient Logistics Management Benefits
What are the 3 main logistics objectives?
The logistics strategy comprises three objectives (i) cost reduction, (ii) capital reduction, and (iii) service improvement. The cost reduction strategy is aimed at reducing the variable cost related to the movement and storage of goods.
All operations related to logistics aim to ensure that demand is satisfied (fulfilling goals), irrespective if it is a part made available to a manufacturer or a good present on a store shelf.Logistics Goals and Operations
What are the 3 decision phases?
The many stages involved in supply chain management for taking an action or making a decision connected to a product or service are known as decision phases. Three decision phases are required for successful supply chain management: information flow, product flow, and fund flow.29-May-2022
There are four main types of logistics management, each emphasizing a different aspect of the supply process. Supply Management and Logistics. Distribution and Material Movement. Production Logistics and Management.
What are the four 4 stages of supply chains?
Integration, operations, purchasing and distribution are the four elements of the supply chain that work together to establish a path to competition that is both cost-effective and competitive. Communicating and collaborating with all parties is a business strategy that eliminates errors and saves money.07-Dec-2021
What are marketing logistics decisions?