What is logistics management in simple words?

What is logistics management in simple words?

Logistics management is the governance of supply chain management functions that helps organizations plan, manage and implement processes to move and store goods.

What are the 3 main activities of logistics systems?

Storage, warehousing and materials handling. Packaging and unitisation. Inventory.

What is the purpose of logistic system?

Logistics is the process of planning and executing the efficient transportation and storage of goods from the point of origin to the point of consumption. The goal of logistics is to meet customer requirements in a timely, cost-effective manner.

What is logistics management and why is it important?

Logistics management includes multiple processes that ensure seamless movement of goods, freight, parcels, raw materials, finished inventory and packages from its point of origin to end-customers. These processes can be both automated and manual depending on the digital maturity of an enterprise.

What are the 4 types of logistics?

Logistics can be split into five types by field: procurement logistics, production logistics, sales logistics, recovery logistics, and recycling logistics.

What are the 4 areas of logistics management?

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.
• Reverse Logistics and Product Return.

What are the 5 P's of logistics?

The major cause of conflict for logistics and marketing interface is related to 5Ps (product, price, place, promotion and packaging) of marketing. Without the successful link of logistics and marketing, the firm may be unable to provide good customer service, resulting in dissatisfied customer or a lost sale.14-Jun-2019

What are the main tools used for logistics management system?

Check out these four top tools and technologies in use in Logistics Management right now.

• Supply Chain Management Software (SCM)
• GPS and Tracking Tools.
• Drones.
• Mobile Phones and Smart Devices.

What are the 6 functions of logistics?

Main components

• Demand planning. To guarantee customer order fulfilment, demand planning is an essential logistics function.
• Storage and materials.
• Inventory management.
• Control.
• Design.
• Efficiency.
• Supply chain.
• Delivery.

What is the example of logistics management?

Understanding Logistics in Management and Business For example, in the natural gas industry, logistics involves managing the pipelines, trucks, storage facilities, and distribution centers that handle oil as it is transformed along the supply chain.

What are the advantages of logistics management?

The following are six major benefits of effective logistics management.

• Visibility: Logistics management affords greater visibility into the supply chain.
• Reduced overhead:
• Improved customer experience:
• Preventing loss:
• Support expansion:
• Competitive edge:

What are example of logistics?

Logistics refers to what happens within one company, including the purchase and delivery of raw materials, packaging, shipment, and transportation of goods to distributors, for example.

What are the 7 R's of logistics?

In this step, we look at the 7 Rs of logistics. So, what are the 7 Rs? The Chartered Institute of Logistics & Transport UK (2019) defines them as: Getting the Right product, in the Right quantity, in the Right condition, at the Right place, at the Right time, to the Right customer, at the Right price.

What is 1PL 2PL 3PL 4PL?

1PL - First-Party Logistics. 2PL - Second-Party Logistics. 3PL - Third-Party Logistics. 4PL - Fourth-Party Logistics. 5PL - Fifth-Party Logistics.

What is the steps of logistics?

The entire logistics process consists of managing inventory, fulfilling orders, and shipping packages. Inventory management, warehousing, and order fulfillment all play a key role in optimizing logistics operations.23-Oct-2020

What are the 12 elements of logistics?

Terms in this set (12)

• Design Interface.
• Sustaining Engineering.
• Supply Support.
• Maintenance Planning & Management.
• Packaging, Handling, Storage, and Transportation.
• Technical Data.
• Support Equipment.
• Training & Training Support.

What is logistics and its types?

Following are the major types of logistics Like Inbound Logistics, Outbound Logistics, Reverse Logistics, Third-Party Logistics (3PL). Also, there are steps of processing Logistics Cycle which is Serving Customers, Product Selection, Quantification, Inventory Management, Logistics Management Information System.21-Aug-2020

What are logistics activities?

Logistics management activities typically include inbound and outbound transportation management, fleet management, warehousing, materials handling, order fulfillment, logistics network design, inventory management, supply/demand planning, and management of third party logistics services providers.

How do you write a logistics plan?

How to Make a Good Logistics Plan

• Have Reliable and Good Suppliers. Every company needs to get products and materials needed to produce its product.
• Optimize Inventory Management.
• Integrate the Company Divisions.
• Meet Deadlines and Keep your Word.

What technology is used in logistics?

Trends such as machine learning, artificial intelligence, the internet of things (IoT), blockchain technology, and supply chain integration can be quite useful in ensuring that you are ahead of the pack.29-Oct-2021

What are the 3 types of supply chain?

The three levels of supply chain management are strategic, tactical and operational.

• Strategic Planning. This level of supply chain management is responsible for developing long-term plans that outline the company's overall objectives and goals.
• Tactical Planning.
• Operational Execution.

What is logistics management in simple words?