logistics

generic term for physical delivery, which means wider in nature as it includes the planning and coordination of the physical delivery of finished products and the handling of the transport and storing of raw materials and resources required during the manufacturing and development process. Logis

one of the leading professional organizations for logistics personnel, uses the term in logistics management to describe

Logistics is the process of planning, implementing and controlling the efficient, cost effective flow and storage of raw materials, in-process inventory, finished goods and related information from point of origin to point of consumption for the purpose of conforming to customers’ requirements”.

Logistics is planning, implementing, and controlling the physical flows of materials and finished goods from point of origin to point of use to meet the customer’s need at a profit

he biggest culprit in adversely affecting the objectives of logistics management at the bottom line of an enterprise

On-time delivery is crucial to the customer to maintain his production schedule. The customer is not interested in a faster delivery of the material ahead of the production schedule.

major cost element in logistics cost. This can be reduced by adopting measures such as freight consolidation, transport mode selection, route planning, load unitizing and long distance shipments

Product damages add to the logistics cost. The reason for product damages is improper logistical packaging, frequent consignment handling the absence of load unitizing, and so on.

his is related to the capability of a firm to extend the service to the customer in the shortest time frame

Good logistics management helps businesses deliver better service to their customers