Answer Posted / chaitanya
Logistics management is that part of supply chain management that plans, implements, and controls the efficient, effective forward and reverse flow and storage of goods, services and related information between the point of origin and the point of consumption in order to meet customers' requirements.
Boundaries and Relationships: Logistics management activities typically include inbound and outbound transportation management, fleet management, warehousing, materials handling, order fulfillment, logistics network design, inventory management, supply/demand planning, and management of third-party logistics services providers. To varying degrees, the logistics function also includes sourcing and procurement, production planning and scheduling, packaging and assembly, and customer service. It is involved in all levels of planning and execution--strategic, operational and tactical. Logistics management is an integrating function, which coordinates and optimizes all logistics activities, as well as integrates logistics activities with other functions including marketing, sales manufacturing, finance, and information technology.
| Is This Answer Correct ? | 5 Yes | 3 No |
Post New Answer View All Answers
theoretically, i know the difference between the three types of RFQ (Catalog, Standard, and Bid), but all i need is a practical example for each one to understand the differences. I'll appreciate your responses.
differentiate between quotation analysis and quotation enquiry
whats KPI and kinds of KPIs
What your expectation salary
What is ABC Analysis in store
Do you manage supply chain risk?
what is difference between supply chain and logistics
why not taking cement at capital goods
