Logistics management is a detailed process of organizing and implementing an operation. When it comes to business, that process is the flow of work from the beginning to the end, in order to fulfill customer expectations as well as those of your organization.
A practical and simple way to look at logistics, as quoted from The Handbook of Technology Management, “is as having the right item in the right quantity at the right time at the right place for the right price in the right condition to the right customer.”
companies in logistics manages resources that can range from tangible goods (such as materials, equipment and supplies) to food or other consumable items. In doing so, logistics management deals with integrating the flow of information and its management tools, materials handling, production packaging, inventory,cargo for shipping, transportation, warehousing and sometimes security.
To model, analyze, visualize and optimize this complex logistical puzzle, the use of a dedicated simulation software is often used. The person who works in this field is called a logistician.
Relation to Supply Chain Management
Logistics management is a subset of the larger supply chain management. Supply chain management plans, implements and controls the efficient flow of storage, goods, services and related information from the point of origin to the point of consumption. This is done for the purpose of meeting the requirements of customers.
Logistics management in business works across all industries. Its aim is to manage the fruition of project life cycles, supply chains and resultant efficiencies. As businesses grow more complex and expand into a global marketplace, business logisticians have evolved into something called supply chain logisticians.
This Post originally appeared on acornglobal