What is Logistics Management and why it is important?
What is Logistics Management? Logistics Management is simply the movement of things in between the point of origin and point of final consumption. It is a term concerned with the formulation of plans, management, and implementation of processes related to the movement and storage of goods. Supply Chain And Logistics Companies Logistics management is a supply chain management component that is used to meet customer demands through the planning, implementing and controlling the efficient flow of raw-materials, work-in-progress and finished goods and related information-from point of origin to point of consumption; with a view to providing satisfaction to the customer. Why is Logistics Management Important? This ultimately provides the best service to customers who are ever demanding faster and more efficient services. Logistics management is also able to create visibility within an organization’s supply chains, provide data on real-time movements and therefore advise on and implement ch