What is logistics management?
Understand the Problem
The question is asking for an explanation of logistics management, which includes the planning, execution, and control of the movement and storage of goods, services, and information within a supply chain.
Answer
Logistics management coordinates the movement and storage of goods in the supply chain using resources effectively.
Logistics management is the part of supply chain management focusing on the coordination, movement, and storage of goods using resources efficiently. It involves activities like sourcing, planning, tracking, warehousing, transportation, inventory control, and customer service.
Answer for screen readers
Logistics management is the part of supply chain management focusing on the coordination, movement, and storage of goods using resources efficiently. It involves activities like sourcing, planning, tracking, warehousing, transportation, inventory control, and customer service.
More Information
Logistics management is crucial for optimizing supply chains, ensuring goods are moved and stored efficiently at every stage from production to delivery.
Tips
A common mistake is confusing logistics management with supply chain management; logistics is a subset focusing specifically on transport and storage within the supply chain.
Sources
- What is logistics management? | Definition from TechTarget - techtarget.com
- Logistics Management: Definition, Functions, and Benefits - inboundlogistics.com
- Studying Supply Chain Management vs. Logistics Management - apu.apus.edu
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