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Deciphering the strategic role of Logistics in Supply Chain Management By-prestige
Introduction MBA Logistics and supply chainmanagement support customer needs and improve the buying experience. Logistics provides direct feedback on customer demand, and the supply chain analyzes customer wants and plans production levels accordingly. Reliable and cost-effective logistics pave the way for the efficient supply chain management.
Understanding the difference between Logistics and Supply Chain Businesses see logistics as a critical blueprint of the supply chain and use it to manage, coordinate, and monitor resources needed to move products in a timely, cost-effective, and reliable manner. Logistics aligns the complex pattern of transportation, import and export operations.
Processing the order An effective order processing system is the essential requirement for any delivery processing or transportation activities that eventually follow a kick-start if the order processing system is fast and effective.
Managing the inventory Inventory refers to the warehouse’s stock of all finished goods. It is another vital logistics function, meaning data-driven planning needs to be carefully planned and stocked. In addition, companies use inventory management software and formulas to anticipate demand.
Material handling This implies storing, securing, and transferring goods throughout the manufacturing, distribution, and delivery processes. Logistics companies must store and protect the materials throughout production, warehousing, and distribution.
Managing the warehouse An extension of various inventory activities; at this level, all the handling, packaging, and shipping are taken care of. It is similar to inventory in that both require sophisticated tools and technologies that result in reduced costs and increased productivity.
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