Tag: Logistics Management

Enterprise Ready Software for Logistics Management

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Transportation and logistics are two industries that are though very competitive, but contributes a lot to India’s economy. Being a process heavy industry, keeping track of logistics operations and the flow of work is a very tedious job, thus there is need of enterprise grade software for logistics management. In general, such solutions are known as ERP which stands for “Enterprise Resource Planning.” It is a well-known tool for logistics management that helps in convenient flow of supply and demand. Certainly, the system is able to run different processes smoothly and deal with new, chaotic situations with ease.

 

As software, it can be used to run different business tasks through a single system. Enterprise software are very important because they bring together all the major attributes of a business on single platform. In the same way, it’s a robust solution that helps businesses manage manufacturing, supply chain modules, asset management, maintenance costs, and a lot more.

 

Therefore, Enterprise software for logistics management is a must for the growth and profitability of your business. Your company will be able to manage its assets much more efficiently, resulting in additional cost savings while guaranteeing worker safety and compliance with government regulations. In this article, we discuss in detail the safety, compliance, day-to-day operations, and other benefits that enterprise logistics management may have for your organisation, so that you can choose the enterprise software that works best for your organization.

 

If you own commercial fleets, following questions must have strike your mind:

  • How can I save money on transportation?
  • What is the best maintenance program for my commercial vehicles?
  • Why the overall logistics operations costing me more?

 

You will get the accurate answers to all these questions from leading logistics management software provider Axestrack Software Solutions Pvt. Ltd. who developed SWIFT: India’s First & Most Trusted Unified Digital Logistics Platform.

 

Contact us to integrate Digital Supply Chain Solutions for Seamless Logistics

 

LOGISTICS MANAGEMENT & SUPPLY CHAIN MANAGEMENT: THE CONNECTION

 

Logistics management comprises a subset of supply chain management and its all about managing the storage, distribution, and delivery of products, services, and associated data from starting point to end point. This is done in order to satisfy the needs of the end customer.

 

In business, logistics management is applicable across all industries. Its purpose is to oversee the accomplishment of project’s entire life cycle, supply chain, and ensuing efficiency. As organisations become increasingly complicated and expand into worldwide markets, business logisticians have transformed into supply chain logisticians.

 

Logistics management in industry focuses on two aspects: inbound logistics for internal activities and outbound logistics for the external flow from the origin point to the consumption point. The focus of logisticians is inventory management, purchasing, transportation, warehousing, consultancy, and the organisation and mapping of these activities.

 

 

WHICH INDUSTRIES NEED ENTERPRISE SOFTWARE FOR LOGISTICS MANAGEMENT?

 

Logistics management is essential for every company that uses vehicles for any of its operations. While companies in any industry can benefit from improved logistics management, those in sectors like supply chain stand to gain significantly more than their IT service counterparts. One thing that can’t be argued is that a logistics management solution will provide a positive return on investment for any company that operates a fleet of vehicles.

 

Therefore, the following industries and sectors need enterprise software for logistics management the most:

  • Transportation & Logistics
  • Construction and Mining
  • Heavy Equipment’s
  • Pharmaceutical
  • Healthcare
  • Education
  • Security
  • Ecommerce
  • Online Aggregators: cab service, food delivery, package delivery, medicine delivery etc.

 

 

WHAT TYPE OF DATA CAN BE TRACKED BY AN ENTERPRISE LOGISTICS MANAGEMENT SOFTWARE?

 

Your commercial fleet, along with heavy equipment’s and smaller assets, all can be monitored with the help of enterprise logistics management software. It can also monitor the whereabouts of assets, the hours of operation of heavy machinery, and movement of the fleets. In doing so, organisation can get the most out of its resources while also streamlining its operations and eliminating waste from business processes. Driver behaviour such as speeding, aggressive manoeuvres, excessive idling, and other factors can be monitored with an enterprise logistics management system.

 

 

The Main Benefits of Enterprise Software for Logistics Management:

 

Here are five of the most important benefits of enterprise logistics management software, although they are many more benefits, click here for other benefits

  1. Vehicle Tracking: It means using GPS systems to keep track of every vehicle in the fleet.
  2. Route Optimization: It involves using data to plan the best route for each delivery or trip, so that less fuel is consumed and each delivery or trip takes minimum possible time.
  3. Fuel Management: It requires constant tracking and analysis of fuel use and the different variables that influence it. It is important because fuel is one of the biggest costs for fleet operators.
  4. Vehicle Maintenance: It means keeping an eye on and evaluating the overall health of a fleet vehicle’s all the time. While normal wear and tear is unavoidable, but overuse can cause extra costs that can be avoided by regular monitoring.
  5. Driver Behaviour Tracking: Telematics are used to keep track of how drivers act. A fleet’s safety record can be made much better with constant tracking, timely interventions, and incentive programmes.

 

 

HOW AXESTRACK’S ENTERPRISE GRADE LOGISTICS MANAGEMENT SOFTWARE ASSIST IN BETTER DECISION MAKING:

 

Axestrack has been making logistics operations more seamless every day via bringing in more features to the Digital Logistics Platform which help in improved planning and decision making.

 

Enterprise Digital Thread: It seamlessly transports digital data across many stakeholders and organisational systems. Once a customer logs into the system, not need to exit to conduct any manual tasks. The platform enables the customer to “digitally” create, transform, and manage all logistical business information. Our enterprise grade software makes a digital connection between three key components of Supply Chain, Man, Machine and Material.

 

The digital connection is managed via four building blocks –

 

AI Control Tower: Using data science and massive data sets of roads, dhabas, fuel stations, police stations, emergency services, and historical data of truck movements/stoppages across India, the AI module can now anticipate and recommend if an unknown place is a “loading/unloading” point. Similarly, based on data science, it may also forecast and suggest probable “stoppage” locations and potential areas where market fleet trucks would load up.

 

In addition, a review mechanism enables control tower manager to seek guidance from the supervisor in order to finalise their decision-making. Governance and escalation systems have been implemented to monitor the fleet’s overall performance, bringing the fleet’s efficiency close to 99 percent. Such skills have assisted clients in addressing unanticipated events that can endanger the fleet and, in turn, the company’s reputation.

Click here to know more about AI-Powered Control Tower

 

 

LOGISTICS MANAGEMENT: TIPS & TRICKS FOR DEALING WITH DISRUPTIONS

 

Because of the epidemic, businesses have had to rely more heavily on logistics management to meet fluctuating client needs and keep the economy functioning. Supply chain disruptions can be caused by a variety of factors, including natural disasters, political unrest, and continuous innovation. The logistics industry is prone to disturbances, therefore it’s important to create certain best practises to improve scalability, guarantee on-time delivery, and reduce service interruptions. Thanks to ongoing digitalization efforts, the modern supply chain has access to new technologies and tools that promise to increase productivity and precision.

 

Here are a few suggestions for addressing disruptions in logistics management:

  • For agility & cost-efficiency, leverage crowdsourcing capabilities to get the most out of your employees and vehicles. This will save money, help meet demand spikes, and make the last-mile delivery process more efficient.
  • Adopt contactless delivery and payment solutions to protect the health and safety of your customers and employees. Adaptability to several payment methods, such as tap-and-go and digital wallets, can also increase customer happiness.
  • Maintain a backup plan to deal with unforeseen situations. Establish a “crisis team” to guarantee readiness for any logistical crisis.
  • Real-time and dynamic routing features can maximise delivery efficiency, emergency delivery, and various drop-off points along the same route.
  • Consider introducing cost-effective methods and value-added services for customers to maintain price control and avoid unwarranted price increases.
  • Create a “dark store” that can be used as a distribution centre to support a “click-and-collect” service, in which a customer receives his/her online orders, or as a platform for order fulfilment for online sales.
  • Continue to invest in emerging technologies, such as artificial and augmented intelligence, advanced analytics, automation, warehouse robotics, and many more, to enhance the scalability and competitiveness of businesses.

 

 

BUILD YOUR ENTERPRISE LOGISTICS MANAGEMENT WITH AXESTRACK

 

Traditionally, management was entirely defined by vehicles and infrastructure. The playing field has been changed by mobile devices, GPS systems, and continuous innovation in the present day. Therefore, if you want to keep a competitive advantage over your peers, you must invest in a modern logistics management system that is enterprise ready.

 

As a provider of telematics business solutions for more than a decade, we would be delighted to answer any questions you may have, contact us, or mail your queries at: marketing@axestrack.com.

 

 

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10 Important Objectives of Warehousing 

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What is Warehousing?

Warehousing is an integral part of supply chain management as it encompasses activities related to the storage of goods and products that will be distributed to the customers. It helps in regulating the flow of goods by preventing them from various uncertainties. Therefore, businesses are largely dependent on efficient warehousing operations for the safekeeping of goods and commodities. The major objective of warehousing is to minimize the operation cost while maintaining the quality and usefulness of the goods which can fulfill the customer demands. 

 

In the fast-paced world, warehousing in supply chain management is important for keeping everything organized starting from the picking process, storage, managing inventory, material handling, auditing, and so on. Warehouses are specially designed for storage as it can boost the company’s productivity and efficiently manage the operations. It is an essential element in the logistics management and supply chain industry as it tends to bridge the gap between the production and consumption time period.

 

There are six different types of warehouses:

 

  1. Distribution Centre
  2. Public Warehouses
  3. Private Warehouses
  4. Bonded Warehouses
  5. Cold Storage
  6. Smart Warehouses

 

10 Important Objectives of Warehousing 


Warehousing is an important aspect of businesses that is dedicated to the place for storing goods and materials efficiently. Organizations invest in warehouse management systems that are related to import, export, transport, and manufacturing the goods. The purpose of warehouses is to coordinate the necessary activities for optimal functionality of the operations. 

 

Here are the objectives of warehousing


1. Storage Facility

Warehouses provide the space for storing surplus goods and commodities of businesses. Efficiently managing the physical storage space is one of the key objectives of warehousing. It manages the goods that are not needed to be delivered immediately. Capacity planning and selecting the right warehouse according to your business needs is also essential to understanding the utilization of space as it involves the major activity like storing the goods till their use or consumption. It is always advisable to safely store and logically arrange the inventory to streamline the supply chain operations.

 

2. Easy Accessibility of Inventory

Warehouse and distribution facilities should be located in the right place as it can significantly enhance a company’s profitability. Determining a strategic location along your supply route can help the companies to fulfil the customer demands. Therefore, inventory should be easily accessible to serve your customers better.


The major objective of warehouse management is to ensure that the goods can be located from one point to another promptly. Companies should focus on optimal warehouse logistics management for coordinating complex processes.

 

3. Enhanced safety

Effective warehousing ensures that the goods or products should be in a good condition as it tends to prevent material spoilage and delays. The inventory should be safely kept according to its need for storage and preservation. Providing the right quantity of inventory when needed and ensuring that the quality is well-maintained can be beneficial for business growth.


Therefore, careful handling of goods can critically impact businesses. In addition, the companies are avoiding losses through theft or vandalism by enhancing the security system with cameras, yard patrols, real-time alerts, and so on. Safety is the foremost priority as it is an essential way to significantly cut down losses and operational costs.

 

4. Optimized Production Process

Good inventory management can improve the overall productivity and efficiency of the company. The objective of warehousing is to keep the inventory level optimized by maintaining the supply with demand. It helps the organizations to determine when to supply and restock. The layout of your warehouse tends to determine the efficient flow of the production process. It is always advisable to invest in a warehouse management system to reduce the production bottlenecks. Therefore, product supply in the market should be a seamless process without any interruption.

 

5. Smooth Movement of Goods

It involves the major process of transferring goods and products from one place to another. Warehousing facilitates various functions for delivering the goods to the customers. It involves the activities like receiving, putaway, storage, picking, packing, and shipping. Optimizing all these elements can help you to streamline your warehouse operations. Also, the infrastructure of the warehouse can ensure the optimal movement of goods to meet the demand in the market. Warehouses play an efficient role to store the products and help them to reach their destination safely.

 

6. Cost-Effectiveness

The management of your warehouse should be well-organized as it can secure the measurable success of a company. Optimization of the storage capability and inventory management is considered to be vital for an agile supply chain. The major objective of warehousing is to reduce the overall operational cost and boost the productivity of your business.


Embracing dedicated technology and secure facilities is the best way to eliminate errors and inaccuracies in warehousing operations. In addition, making regular inventory audits and determining the transportation of goods in an efficient way to speed up the next production process. These activities play a major role in the preservation of cash flow.

 

7. Enhanced Risk Management 

In the functions of warehousing, risk management is a crucial technique for businesses to eliminate any kind of risk or mishappenings. It is necessary for companies to ensure that surplus goods are stored safely. Therefore, modern warehouses have efficient staff to take care of the products and goods as it is the responsibility of the warehouses to take all the preventive measures. If in case, the goods get stolen or lost then the warehouses had to provide compensation for the loss. Also, warehouses are constructed properly to prioritize the overall safety and security of the operations.

 

8. Reduced Human Error

The major objective of warehousing is to embrace automation through logistics and reduce human errors. Warehouse management systems tend to automate all the routine tasks as human errors are the most prevalent root cause of the vulnerability in the businesses. Get real-time updates on shipments and maintain correct inventory data by incorporating new-age technologies like Artificial Intelligence, Machine Learning, the Internet of Things, Big Data, and so on. Therefore, eliminating the major task of warehousing the workforce can lead to higher productivity.

 

9. Information Management

You can easily keep track of the warehousing and can comprehend which goods are stored and shipped out. Recording the activities of warehouse management can provide you with deep insights that can help businesses to analyze the stock processing and stock replenishment requirements. In addition to that, the next step of warehousing is to distribute the products or goods to the end customers.


Implementing new-age technology can evaluate the vehicle running path and operation method to provide the customers with informative data. Therefore, the information management system in warehousing plays a major role in the smooth functioning of businesses.

 

10. Value-added Operations 

Modern warehouses tend to go beyond the conventional warehousing processes as it improves the utility value of goods and enhances the supply chain. The major objective of warehousing is to involve value-added services such as processes, cross-docking, order consolidation, product mixing, and so on.


Furthermore, warehouses also perform certain activities on the behalf of business owners as well. Optimizing the quality of the operations can be extremely beneficial to lower costs and add value to the entire supply chain process. Therefore, value-adding modern warehousing provides prompt and efficient services to the customers and dealers.

 

 

Conclusion

 

These are some of the major objectives of warehousing in supply chain management. Monitoring these functions and elements of warehouses is imperative for business owners to safeguard the goods or products. Nowadays, companies are investing in a high-tech warehouse management system for planning and developing an effective logistics strategy to simplify the operations. Therefore, warehousing plays a central role in managing the supply chain by ensuring that the product reaches the end customer without any delay. 

11 Benefits of Logistics Management to Drive Business Growth

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Logistics management is known to be an essential aspect of supply chain management as it entails several functions starting from managing and storing the goods or products to delivering them to the end customers. There are several benefits of logistics management that helps to align and automate the activities like fleet management, warehousing, order fulfilment, materials handling, last- mile delivery and so on. 

 

Embracing effective logistics management is the ideal way to take your business to the next leap. The data driven supply chain can boost efficiency and provide optimal fleet management services that meet customer demand. Managing the flow and storage of goods or services can be a daunting task for businesses. Therefore, understanding the importance of logistics management is beneficial for organisations as it is designed to be scalable and configurable for various industries.

 

Logistics Management: Top 11 Benefits

 

The very essence of a business is to leverage the operational fluency across the entire supply chain. Here are the major benefits of logistics management: 

 

1. End-to-End Visibility

Logistics management plays a vital role in enhancing visibility into the supply chain and better control costs. Businesses can get the real-time data which help the organisations to make informed and data driven decisions. Embracing new age technology tends can provide better visibility which is useful in spotting supply chain problems and gaining insights into the potential opportunities. Therefore, it leads to efficiency and profitability of the organisations. 

 

2. Reduce Operational Cost

An effective supply chain management allows the organisations to achieve ample transparency and visibility in the operations. By analysing information and getting historical data, businesses can reduce the overhead cost by proactively managing the operations. The major benefit of logistics management is that businesses can resolve the supply chain challenges and respond to them in a cost-effective manner.

 

3. Enhanced Customer Experience 

Enabling the organisations to improve the customer relations can positively impact the business growth. Amplifying the last-mile delivery is a driving factor which leads to brand loyalty and repeated sales. The customers should be aware about the product’s journey for a streamline experience. Smooth freight moving process is always beneficial for organisations to gain a competitive edge. 

 

4. Warehouse Management

Designing and executing the warehouse’s processes can be a daunting task for fleet managers. Logistics management leads to a smooth workflow of managing the aspects of storage and distribution in the warehouses. It ensures that the right product is delivered at the right time to the end customer. A right warehouse management tends to seamlessly optimize logistics functions.

 

5. Demand Forecasting

Logistics works optimally when digital transformation and AI implementation generates valuable and insightful data. Organisations can accurately anticipate the demand for products using the forecasting models by enabling data-driven decision-making. It manages the supply chain by forecasting the inventory needs, transporting, stocking and so on. 

 

6. Inventory Management

It is one of the major benefits of logistics management as it determines how much stock to order at what time. Inventory management plays a crucial role in improving the bottom line for companies. The companies should have enough inventory to fulfil the customer orders. Having accurate stock details is essential to optimize the overall supply chain processes. Tracking the flow of products with augmented intelligent tools can ultimately lead to fulfilling customer orders.

 

7. Support Expansion

Logistics management is crucial for supporting the expansion of businesses by embracing new age digital tools like Artificial Intelligence, Internet of Things, Blockchain and so on. It focuses on proving efficiency by delivering the customer orders on time by meeting the quality standards and reducing failures. Also, ensuring optimal storage and transport conditions leads to a great customer experience which can take your business to the next leap.

 

8. Preventive Maintenance

The major benefits of logistics management can help the businesses running efficiently by forecasting the equipment failure and preventing unplanned machine downtime. Predictive maintenance is essential for scheduling the maintenance and inspection of the fleets. Therefore, a well organised preventive maintenance program can be beneficial for organisations as it leads to continual optimization of the assets and reduces the overhead costs.

 

9. Intelligent Route Planning

Modern route planning software plays a major role that helps in optimizing the transportation and delivery operations. The cost effective planning and scheduling of routes tends to increase safety of drivers and vehicles. Analysing historical data and real-time constraints allow the fleet managers to get constant alerts and updates. An effective logistics management tends to have visibility on the entire supply chain which enhances the last-mile logistics.

 

10. Boost Profitability

The major benefit of logistics management is that it provides fast and quality services by improving the order processing efficiency. This leads to customer satisfaction as it focuses on constantly improving the transportation processes. Organising the flow of goods can impact a company’s profitability and growth of your business. Delivering orders correctly and on time is useful in achieving operational efficiency and understanding the fundamental metrics of logistics.

 

11. Risk Management

It lays the foundation for developing realistic and cost-effective strategies for managing the potential disruptions in the logistics industry.  A well-handled logistics contributes to constantly updating the risk management processes. Therefore, evaluating the processes and identifying the risks in real time can help the organisations to manage every aspect of the supply chain. 

 

 


Conclusion

These are some of the major benefits of logistics management. Investing in a unified digital logistics platform can lead to agility and cost-efficiency of the supply chain operations. Augmented intelligence and advanced analytics leads to implementing best logistics management practices which is amplifying the delivery operations by meeting demand and supply gaps. Logistics management softwares can be scaled up to meet the industry’s growing demands and streamline the overall supply chain processes. 

The 7 Functions of Logistics Management

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What is Logistics?

Logistics refers to the process of managing and monitoring the complex supply chain operations about how the resources are acquired, stored, and transported to the desired destination. There are various functions of logistics management that are extremely essential for the seamless movement of goods or products. In the contemporary world, managing the logistics operations powered by modern technologies such as Artificial Intelligence(AI), Internet of Things(IoT), Big Data, and so on can take your business to the next leap. Logistics processes play a vital role in delivering the right product or goods to the end customers at the right time.

 

Major Functions of Logistics Management

 

Understanding the objectives of logistics management can help organizations to boost profitability and enhance the customer experience. Therefore, implementing and executing efficient logistics functions allow companies to gain a substantial competitive advantage.

 

1. Order Processing

Logistics operations tend to begin with order processing as it manages the entire workflow that determines the orders are prepared and delivered to the customers. It is a vital part of fulfilling the customer requirements, so it consists of major activities such as picking, packaging, and delivering the goods.

 

Following an effective logistics strategy allows the organizations to receive, record, assemble and distribute customer orders in the shortest period. It is imperative for business owners as it is considered to be the key component of order fulfillment. There are five major steps in order processing such as order placement, picking inventory, sorting, packing, and shipping. Therefore, optimizing these activities are making the operations efficient and accurate.

 

2. Material Handling

Logistics companies are responsible for managing the surplus goods within the warehouses. It ensures that the goods are safely transported throughout the entire process starting from manufacturing to distribution. Handling goods or materials can be a daunting task, therefore the organizations should streamline the work activities and incorporate the relevant equipment which is manual, semi-automated, and automated equipment. Moving stored materials or products is an important function of logistics which can lower the manufacturing cost and elevate the customer experience.

 

3. Inventory Management

It manages the crucial information about the flow and storage of goods by determining how much stock is needed. It uses various valuable insights to keep the track of the goods and maintain sufficient inventories. Inventory management in logistics helps in restocking and predicting the demand in the supply chain operations.

 

Moreover, it determines the speed of production processes which is an efficient way to make the decisions cost-effective. Nowadays, the just-in-time inventory is also becoming popular as it increases efficiency by accurately forecasting demand and meeting the customer requirements without investing much in manufacturing.

 

4. Warehouse Management

It is the major function in logistics management as it is essential in running day-to-day operations in the warehouse and safeguarding the goods.It is advisable that the warehouses should be nearby to the dealer or the distributors’ place can be beneficial to maintaining timely delivery.

 

Moreover, storing the goods or products is critical to business growth. Thus, it has become imperative to choose the right warehouse by analyzing the structure, layout, dimensions, etc. Warehousing plays an important role in the supply chain so it is advisable to manage and optimize the operations in the warehouses with real-time data for the efficient functioning of the workflow.

 

5. Transportation

It is required throughout a company’s supply chain to run the operations efficiently which is also useful in driving high levels of operational excellence. Companies are focusing on keeping transportation costs under control with advanced routing practices and following compliance and regulations.

 

Embracing a transportation network that responds to your organizational needs is significantly optimizing the last-mile delivery and reducing transportation costs. Therefore, it is known to be one of the major functions of logistics as it is driven by strategic planning and determines the success of the supply chain ecosystem.

 

6. Packaging and Labelling

It is an important aspect of the supply chain as the packaging of the product or goods plays a vital role in facilitating sales. Encasing a product into suitable packages and containers with safety and customs regulations is extremely essential to enhance logistics functions. Packaging should be done correctly to eliminate the breakage or spillage of the goods.

 

It also involves labeling which provides essential information about the goods such as date of manufacturing and expiry, price ingredients, and so on. It is a critical element that is used for damage prevention and enhancing material handling. proactive about this area of your business.

 

7. Information and Control

The element of information and control allows the businesses to gain clear visibility of the supply chain operations. It can help organizations to get real-time insightful data with new-age technologies. Analyzing those data is useful in evaluating overall delivery effectiveness. Therefore, embracing the latest technological innovations strengthens the business goals by significantly impacting the decisions and making the operations more cost-effective.

 

In order to effectively manage fleets, the most important function of logistics is to implement transparency in the entire supply chain process. Having a deep knowledge will enable businesses to create strategies that are for meeting consumer demands.

 

Conclusion

These are some of the major functions of logistics management that help organizations to manage entire supply chain operations. Making last mile delivery more accurate, efficient, and customer-centric. Following the logistics operations and the fundamental process is the best way to avoid potential disruptions and business growth.

 

Proper logistics management ensures the managing and monitoring of the fleets in real-time to make data-driven decisions and enhance the overall supply chain strategy.

Top 15 Advantages of Logistics Management

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What is Logistics?

 

Logistics is a vital part of the supply chain that ensures the seamless movement of goods or products from the point of origin to the final destination. In the contemporary world, the advantages of logistics are numerous as it tends to determine the overall process of acquiring, storing, and transporting goods. Modern logistics management can optimize complex supply chain operations by delivering the right product to the customers at the right time. Therefore, it plays a major role in amplifying the customer experience by monitoring compliance and government regulation. 

 

Logistics management entails several activities such as order processing, packaging, warehousing, inventory management, and so on. It helps businesses to make the best routing and operational decisions to ensure that the organization makes the most of its fleet and driver resources. Therefore, logistics management controls and manages the moving of commercial goods effectively within the supply chain which tends to over-accelerates delivery fulfillment. 

 

Top 15 Advantages of Logistics Management

 

In the logistics sector, transportation of the goods is managed effectively which can help the companies to achieve long-term success. Today’s supply chain and logistics are powered by modern technologies to meet customer demand quicker.


Here are some of the major advantages of logistics management:

 

1. Real-Time Visibility

A supply chain management process includes a series of interconnected activities and logistics is considered to be a vital part of it. Logistics management provides real-time visibility throughout the operations that allow the businesses to make well-informed decisions. This enables businesses to spot supply chain problems and increase productivity by streamlining communication with deep insights and data. Therefore, leveraging new-age technologies and advanced processes of automation provide real-time access to information for greater achieving transparency and attract new opportunities.

 

2. Enhanced Customer Experience

Logistics optimize the internal and external communications which create transparency in the operations. This allows customers to gain insights about when the order will get delivered. The in-depth data collection and analysis are beneficial for businesses as they are able to give the answers immediately to a customer’s query. Undoubtedly, logistics management tends to play a crucial link in improving the customer experience. Logistics increases brand loyalty as responding in real-time is the essence of customer service. 

 

3. Reduced Operational Cost

The major advantage of logistics management is that it can reduce the overhead cost by automating and optimizing the activities. It has the ability to control the inventory levels and deploy a well-planned strategy to analyze the demand and supply. Therefore proactively ensuring that the businesses do not purchase the redundant logistics supplies. Also, logistics management can be used for preventive maintenance as it can cut costs by preventing vehicle breakdown. Therefore, it streamlines the overall processes to foster structured movement during transportation.

 

4. Scalability

Effective logistics management tends to increase the demand or expansion by optimizing the overall supply chain management. It calculates the inventory needs and plans the strategy to fulfill the customer demands. Therefore, logistics provides agile solutions which are designed to ensure responsiveness. Getting end-to-end visibility across the supply chain journey supports expansion and helps businesses to make synergic partnerships. Agile logistics strategies tend to make the business more scalable by leveraging cutting-edge technology. 

 

5. Risk Management

Accessing a risk management plan is an effective way to plan and prevent disruptions beforehand. In the volatile market, undesirable disruptions in logistics can affect the organizations. So it is advisable to invest in an effective fleet management system for predicting the demand and supply. An effective approach to managing risk can provide valuable data as it evaluates the performance of the logistics processes. In addition, developing the most adequate strategy is required to face the disruptions and execute your contingency plan.

 

6. Warehouse Management

One of the most important advantages of logistics management is that it can monitor and control the operations in a warehouse. It can enhance the timely distribution of the goods by ensuring that all the aspects such as picking and packing, inventory management, storage, and shipping are planned. Logistics tends to plan the use of minimum space to store the maximum inventory. It is essential that the warehouse should run successfully as it is considered to be the core pillar of the transportation industry. Choosing the right technology in warehousing can help organizations to achieve greater efficiency.

 

7. Preventive Maintenance

Planning and scheduling the maintenance of vehicles can be an extremely important aspect of supply chain operations. The use of advanced technologies such as Artificial Intelligence (AI), Internet of Things (IoT), Big Data, and Machine Learning can help organizations to regularly and routinely perform the monitoring of inventory. In addition, logistics management knows how much stock is necessary, which eases the process of inspection or maintenance. Therefore, it improves the reliability and life of the inventory by preventing equipment failure and unplanned machine downtime. 

 

8. Boost Business Profitability

Logistics processes use advanced technologies for improving the efficiency and profitability of the business. It eliminates the defects, and deviations in the overall operations by controlling and managing the supply chain ecosystem. However, delivering the orders correctly to the right customers can allow the companies to gain a competitive edge. As it helps the companies to gain clear visibility of their operations, this is known to be one of the major advantages of logistics management which can affect the growth of the organizations.

 

9. Route Planning

The process of choosing the most cost-efficient routes can lead to great customer service and save costs. It reduces the manual dependencies as logistics management uses real-time route planning software for amplifying timely delivery. Fleet managers can monitor the status of drivers and vehicles to ensure whether they are adhering to road safety rules and compliances. Smart route planning can also reduce fuel consumption and eliminate untimely delivery delays. Choosing the route planning software can improve the last-mile logistics by fulfilling the varying customer demands. Therefore, analyzing the most optimal routes and schedules can majorly impact your business.

 

10. Quality Assurance

Delivering orders correctly is the goal of every organization. Logistics management can improve the overall quality of goods or services by establishing end-to-end visibility. It focuses on a process-oriented approach and maintains the required standards of quality in the supply chain operations. The undeniable advantage of logistics is that it monitors the core aspects of operations by keeping up with changing demands in the market. Therefore, performance and security testing in logistics tend to address disruptions in services and strategies. It creates an opportunity for businesses to resolve quality issues and monitor the conditions in freight such as temperature level, spoilage, etc. 

 

11. Enhanced Distribution Network

Good logistics management is the most effective way for embracing authentic distribution networks. It is the best way to optimize the delivery operations as it creates an interconnected group of logistics networks. Every facility has different roles and functionalities for performing specialized duties. It is important for businesses to fine-tune their distribution network to meet their organizational needs. Therefore, already built-in networks are an efficient way to stay profitable in a competitive market.

 

12. Demand Forecasting

It makes operational planning more convenient as it accurately anticipates the supply and demand in the SCM. It tends to plan unexpected scenarios by implementing a forecasting model. This is extremely valuable to all businesses as it can increase accuracy and solve complex problems in the logistics and transportation sector. It relies on cutting-edge technology and data analytics for determining how much safety stock they need for streamlining the planning processes. Therefore, it is known to be a vital component that can benefit the companies as well as customers.

 

13. Reduced Carbon Footprint

Good logistics management tends to reduce the carbon footprint of the freights. In the contemporary world, commercial vehicles have an outsized negative impact on the environment. Investing in a fleet management system can help organizations to achieve sustainability through technology. It focuses on optimizing routes and automation in a workflow that majorly contributes to reducing greenhouse gas emissions. Green and sustainable logistics operations can shrink their carbon footprint as it enhances route planning, make the transition to a green fleet, reduce engine idling, minimize fuel consumption and so on.

 

14. Automate Operations

The top advantage of logistics management is that it uses new-age technologies like AI, IoT, Big Data, and Blockchain. Automation has become a high priority because it eliminates manual errors and dependencies in the supply chain. Organizations are incorporating technological advancements for streamlining the processes and scaling their businesses. Therefore, it allows the companies to make informed decisions as the data is available in real-time with modern tools like predictive analytics, data capture software, etc. 

 

15. Quick Response

One of the best advantages of logistics management is that it quickly responds to customer demands by boosting the supply chain efficiency of the company. Axestrack is the best GPS tracking company in Jaipur that can take your business to the next level. It makes better use of the available information to resolve the issues in real-time and improve the delivery operations. Therefore, embracing digital platforms ensures that the company makes the right decisions by communicating and understanding the needs of the consumers. It can increase the robustness of the supply chains by bringing resilience and quickly responding to situations in time of crisis. 


Conclusion

These are some of the major advantages of logistics management that can prepare the supply chain for an uncertain future. Businesses can identify cost-saving measures by improving productivity. Also, logistics management can meet the expectations of companies as well as of the customers. Nowadays, adopting the latest technological advancements is known to be the basic essence of logistics as they help organizations to gain a competitive edge.

The 6 Major Components of Logistics Management

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What is Logistics Management?


Logistics management is known to be an integral part of the supply chain as it includes activities like planning and managing the transportation of goods from the point of origin to their final destination. It is an integral part of supply chain management (SCM) that consists of product packaging, materials handling, warehousing, inventory, and so on. In the contemporary world, managing logistics is an effective process to create and enforce consistency in the organization’s profitability. Therefore, understanding the crucial components of logistics management is extremely important as it tends to ensure the smooth running of the overall supply chain operations.


A well-planned logistics management strategy has become essential for businesses as transportation is becoming a more complex process than ever before. Having an effective flow of communication and products enables end-to-end visibility which can improve the customer experience. 


What are The Important Goals & Objectives of Logistics Management?


The main aim of developing an effective logistics management strategy is to enhance the customer experience and achieve organizational objectives. It has become imperative for companies to invest in logistics management technology for gaining a competitive advantage in the market. Understanding the goals of logistics is an important aspect to create visibility across the supply chain operations.


Here are some of the major goals and objectives of logistics management


Higher Efficiency

The major goal of logistics management is to increase the efficiency of inbound and outbound logistics. It decreases the overhead costs of transportation by optimizing the series of interconnected activities related to supply chain operations. Also, companies are focusing on providing on-time delivery of goods and services. 

 

Enhanced Customer Experience

In today’s hyper-competitive market, focusing on fulfilling customer requirements has become a major aspect of logistics management. It allows businesses to optimize the transportation processes by managing inventory and eliminating disruptions in the supply chain. Therefore, this can speed up the delivery timelines which can build a positive brand reputation. Customer satisfaction can greatly impact the success of any business.

 

Rapid Response

The major goal of logistics management is to provide real-time data and insights as it generates the rapid response approach. Automating the core logistics operations can help the businesses to ensure timely services to the customer. Embracing the latest technologies can help to establish a clear communication network within the supply chain to manage operations in the shortest time frame. 

 

Reduced Operational Cost

Lowering the cost of transportation can be extremely beneficial for business growth. Logistics management has the ability to improve material handling, mitigate delivery disruptions and minimize manufacturing costs. It can also assist drivers in choosing the most efficient routes and enhance the delivery process. Therefore, the goal of the logistics management system is to reduce the overall operational cost by managing the activities like freight consolidation, transport mode selection, etc.

 

Quality Maintenance

The major goal of logistics management is to analyze, evaluate, and forecast the supply chain data. The maintenance of optimal quality in logistics is of utmost importance as it is known to be an essential aspect of the business landscape. The whole logistical performance will need to be repeated or reversed if the product is damaged or quality is not maintained. 

 

Efficient Flow of Operations 

The operations get planned strategically to bring agility and resilience to the supply chain process. It allows the flow of information to be smooth with the internal business functions and external trading partners. Therefore, the main goal of logistics management has the ability to streamline complex operations. 


Components of Logistics Management


There are several essential components of logistics management to run the supply chain efficiently and scale up your organization. Optimizing the operations is important for the cost-controlled running of logistics processes. Therefore, it has become imperative for business owners to analyze the major components of logistics as it magnifies the processes and ensures client satisfaction.

 

Here are the 6 major components of logistics management


1. Demand Planning

Determining all the aspects of logistics is important to maintain a balance between demand and supply. The flow of goods is not interrupted by logistics management as it ensures that operations are well-planned. Therefore, facilitating the management logistics process allows organizations to evaluate and forecast the demand for goods and services in SCM.


Proper planning is a major component of the supply chain that can eliminate the insufficient or improper supply of goods. It involves activities like warehousing, material handling, and storage for managing the logistics functions effectively. Similarly, goal is to analyze historical data, statistical forecasting, and overall product lifecycle for staying in front of market shifts.

 

2. Storage and Material Handling

In the contemporary world, the demand in the market is volatile so it is essential that there should be surplus goods to fulfill the sudden requirements of the customers. The goods or materials should be stored and preserved correctly. Warehouse management systems (WMS) are extremely important to ensure that goods are easy to store, move, and transport.


WMS optimizes the storage capacities, and equipment, and lowers the distribution and transportation costs which is beneficial for the smooth running of supply chain operations. Also, the goods which are not handled properly can get flawed which can cause redundant financial loss to the business. Therefore, it is considered to be an essential component of logistics management.

 

3. Inventory Management

Inventory levels are checked regularly by the companies to monitor the flow of goods in and out of a warehouse. It evaluates and identifies how much stock to order at what time and where it should be stored. Therefore, maintaining an efficient inventory level is majorly crucial to fulfilling customer requirements. Therefore, with proper inventory management, companies can ensure that they do not have too much or too little stock on hand. It even predicts the consumer demand which leads to efficient order planning and organizing.


Automated inventory control and management control the operations within the supply to make processes easy and convenient. Also, inventory management systems play a crucial role in optimizing stock levels. Strategic planning and real-time monitoring of inventory are one of the most important components of logistics. 

 

4. Fleet Management

Managing and monitoring commercial vehicles is an essential component of logistics as it involves activities like asset utilization, improving maintenance planning of fleets, and managing costs. Nowadays, companies are investing in fleet management software for improving the efficiency of the fleets and drivers.


It provides real-time updates and insights to fleet owners by using technological advancement solutions. Also, it is an effective way of improving the safety conditions of drivers and vehicles. Therefore, the fleet management system tends to provide all the information associated with the fleets through predictive analytics and accurate reporting. 

 

5. Transportation Management 

It is the most important component of logistics management as it plans and supports the distribution of goods to their final destination. It can be delivered via freight trains, road vehicles, shipping, and so on. Optimizing the transportation ensures that the goods or items have reached the end-user on time.


It even manages the reverse flow of goods so investing in a transport management system can be beneficial for the organization’s growth. It yields several benefits such as cost reduction, reduced carbon footprints, timely deliveries, and so on. Some organizations also prefer consolidation as it is a process of combining multiple smaller shipments in one. Therefore, this can enhance customer services as they can receive the products on time or even before time. 

 

6. Information and Control

Implementing new age technologies is considered to be the future of the logistics industry. Software and processes provide data-driven insights that help companies to manage supply chains more efficiently. It tends to forecast demands, and transportation times, and allow companies to make better cost-effective decisions. Maintaining the flow of information is necessary to get useful insights and manage the demand more accurately. However, businesses are embracing advanced technologies like Artificial Intelligence, the Internet of Things, Big Data, and Blockchain to achieve transparency in the entire supply chain. Therefore getting the right information and control over the logistics operations plays a pivotal role in executing each one of these components. 

 


Conclusion

 

To sum up, these are some of the major components of logistics management that help the companies to reduce operational costs and enable proper execution of key supply chain functions. Therefore, an effective logistics strategy provides top-notch features and functionalities for improving the customer experience. Advancements in the transportation industry play a crucial role in shaping the components of logistics management.

The Importance of Logistics Management

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In the era of digitalization, logistics plays an integral role in optimizing the supply chain processes and enhancing the customer experience. Businesses understand the importance of logistics management as it is a critical element to determine how the goods are acquired, stored, and transported to the end consumer. 


Supply chain management is a complex task so embracing smooth functioning of logistics management is essential to keep pace with the changing trends. Therefore, streamlining and developing an effective logistics strategy is the only way to scale your business.


What is Logistics Management?


Logistics management tends to plan, implement, and control multiple processes that ensure the effective functioning of storage and movement of goods starting from the origin to the final destination. Managing logistics involves activities such as warehouse management, inventory control, raw material accumulation, planning supply and demand etc. Therefore, it deals in the vast array of supply chain processes. The main goal of logistics management is to reduce the company’s overall operational cost and increase the customer satisfaction.


Some of the logistics activities involves:

 

Supply & demand planning
Storage handling
Distribution & product management
Implementing technology & automation
Sales logistics
Customer service management
Reverse logistics

 

Click Here to Understand the Different Types of Logistics


10 Major Importance of Logistics Management


Wondering why logistics is important for your business?


The purpose of logistics management is to manage several processes in the supply chain and  provide the highest degree of accuracy to meet the customer demands. It creates visibility with real-time data to optimize the delivery process and avoid disruptions.


Learn about the top 10 major importance of logistics management 


1. Boost Business Profitability

It has the ability to improve the operational excellence which is necessary to grow and expand your business. Managing logistics is extremely crucial as it helps the organisations to gain deep insights of the supply chain. This also increases the order fulfilment rate and enables strong business outcomes. Providing value to customers by implementing the latest technological innovations can improve the productivity and profitability of the operations. 

 

2. Improve Customer Experience

Track different aspects of the supply chain is the essence of the logistics process. It allows companies to communicate effectively with the customers and provide fast and quality service to them. Hence, smooth logistics operations create enormous value to the customers, which in turns build the brand reputation. Providing better customer services is a key to success for businesses. 


3. Reduce Operational Cost

Logistics management leads to transparency and visibility in the operations. This tends to improve overall efficiency of the business as it provides route optimization to enhance on-time delivery and reduce the fuel cost. It is an important element to keep your expenses lower by analysing and monitoring the real-time data. Also, an effective logistics management leads to supply chain transparency which is necessary for businesses to optimise asset utilisation. 


4. Ensure Seamless Delivery

Professionally organised logistics tends to deliver the right products at the right time. In the modern world, delivery processes are continuously evolving as fast and safe shipping adds value to the customer experience. Logistics management focuses on delivering the products to the customers on time or ahead of schedule. Therefore, the on-time delivery is the primary focus of the well-organised SCM strategies. 


5. Success of Supply Chain

Logistics management deals with numerous aspects of supply chain such as production, automating functions, material handling, distribution and so on. Monitoring these networking within the supply chain is a major component for the efficient functioning of the business operations. Moreover, a successful supply chain management helps you boost your business value. Additionally, organisations can gain a clear advantage over the competition.

 

6. Improve Warehouse Management

When you optimize the logistics activities, it allows you to control and monitor your warehouse operations. Centralising the complex task by developing warehouse inventory plans is always advisable for the businesses to operate effectively. Warehouse management activities involve storage and material handling of goods. It is a core pillar in the transportation industry that starts from auditing and tracking to distributing the goods to its final destination.

 

7. Enhance Visibility

Managing your logistics is important for business growth as it plays a major role in improving connectivity, interoperability, and visibility of the operations. You can analyse every stage of your supply chain in real-time. Gaining essential information enables businesses to control cost and figure out efficiencies. Therefore, transparency across the supply chain tends to reduce failures and help you in meeting the customer demands. Ensuring synchronised supply chains is a vital process to benefit both the companies and customers.

 

8. Intelligent Route Planning

Executing delivery and logistics operations with an intelligent route planning software can lead to great customer service and minimal expenses. Optimization of routes with the most efficient GPS tracking company in Jaipur is considered to be an important aspect of logistics management as implementing route planning software reduces the manual dependencies and amplifies timely delivery. In addition, it also increases safety of drivers, products and vehicles. Importance of logistics management to handle the transportation is enormous for business growth.

 

9. Risk Management

Preparing a risk management plan enables business owners to clearly understand the disruptions in an effective way. Assessing your supply chain activities to evaluate the impact of operations can guide the business to predict the supply and demand beforehand. Logistics management can develop an effective approach of risk management to minimise the impact of business threats. Streamlining the logistics planning processes is important for creating value for customers.

 

10. Scalability

Managing and monitoring the distribution network is necessary to meet the  industry’s growing demands. The software has the ability to create the business more scalable by quickly responding to disruptions. Therefore, embracing cutting-edge softwares focuses on demand-driven logistics expansion and scalability. Optimizing the logistics planning activities and identifying the emerging trends can also enhance the accuracy of the operations.


Conclusion


These are the 10 major importance of logistics management. For developing an effective logistics strategy, it is advisable to get the fleet management software to manage the vehicles of your organisation. A well-established logistics strategy can help the organisations to meet the client’s needs and optimize the entire supply chain operations.

 

Frequently Asked Questions

What are the importance of logistics and transport?

The logistics process helps in the production and distribution of goods or services. It plans, optimize and manages all the necessary steps to achieve more agility in the transportation industry. Therefore, logistical process is the core element of supply chain management.

What is the most important part of logistics?

Transportation is considered to be the most important part of the logistics process. It involves planning, implementing, and controlling the distribution of goods and services.

Why is logistics important to business success?

Implementing an effective logistics strategy is extremely important as it can reduce the overall operational cost and improve business efficiency. Logistics plays a major role in a successful supply chain.

What are the 3 types of logistics?

The three main types of logistics are- inbound logistics, outbound logistics, and reverse logistics.

What is the importance of logistics in supply chain management?

Logistics in the supply chain tends to improve the quality of processes and allow the businesses to quickly adapt to changing market trends. It can also predict demand and resolve the issues within the supply chain.

Understanding Types of Logistics Management in the Supply Chain

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What is Logistics?


Logistics refers to the process of delivering the goods or products from the point of origin to the end consumer or final destination. It is the process of planning and executing the activities of how the resources are moved, acquired,  stored and distributed to the end customers. Therefore, there are different types of logistics management to enable end-to-end visibility across the value chain and foster business growth.


The term “logistics” was initially used for the military purpose as it determines the movement of supplies and equipment to troops. But, today the term is associated with the business sector and is known to be an integral part of the supply chain process. Implementing an effective logistics strategy is essential for optimizing the delivery process and enhancing the customer experience. It encompasses the activities like inventory control, storing and packaging, warehouse management, last-mile delivery etc. However, seamless movement of goods from one location to another can help the companies to gain substantial competitive advantage. 

 

 

Types of Logistics Management


There are different types of logistics processes that involve the activities ranging from delivery of goods from the supplier to the final customer. Logistics offers different service aspects and are considered to be the core component of the supply chain. Here are some of the major types of logistics management:


1. Supply Management

It involves the planning, procuring, coordinating and sourcing of materials that is needed to manufacture the products. Procuring logistics is an integral part of the supply chain operations to support the process of production and to ensure that the level of supply matches the demand for the smooth functioning of the operations. Handling supply management is essential as the materials and products should be available at a certain place and time to boost the company’s production process. In the contemporary world, investing in a fleet management software can help the businesses to make better decisions and optimize supply chain more efficiently.


2. Distribution & Product Management

It is a type of logistics management that involves the handling of procured parts and materials. It determines how the supplied and stored materials should be dispersed to the exact location. The major components are transportation, loading, unloading, keeping the stock control and so on. Logistics management tends to combine the supplies into products and also control intense material movement inside a factory. Also, moving the supplies from a central warehouse to various other locations should be delivered timely. 


3. Sales Logistics

The type of logistics tends to combine the distributed supplies into a product and then ensure that those products are delivered to the customers. Monitoring different stages of production within a company is essential to enhance the delivery process. In the contemporary world, the logistics process is not only limited to distributing the goods from warehouses to distribution points such as wholesalers and retailers. The direct delivery is gaining a lot of popularity as this involves delivering the warehouse storage to the customer’s doorstep.


4. Customer Service Management

Fulfilling the customers demand is one of the important types of logistics management. Companies create strategies to improve the communication and analyse the demands of customers. Optimising the customer lifecycle is beneficial for the long run as it assists the organisation in customer retention. Embracing new-age technology is to interact with the customers, ensure damage free and timely deliveries can lead to efficient working of a company.


5. Reverse Logistics

It is a type of logistics activity that involves the transportation of products from the end-users to the supply chain. As the name suggests, this process helps in managing the products returns and refunds of the unwanted, damaged, and unused products. Therefore, logistics in reverse is a part of supply chain operations that deals with returned orders sent back to distribution canters.


It also involves re-use of packaging and recycling of products and containers. Undoubtedly, these measures are also impacting the environment positively. Utilizing the material can also reduce the company cost.

 

 

Inbound vs Outbound Logistics Processes


As we have discussed, there are different types of logistics processes. The most well known are Inbound & Outbound logistics processes. Implementing effective logistics management strategy and techniques is vital for the company to simplify the processes.


Inbound logistics brings supplies or materials into a business as it involves the activities like procurement, ordering transportation etc whereas outbound logistics is the process of delivering the final goods to the end customers. Therefore inbound tends to deal with the supply and outbound fulfils the demand.

 

Inbound Logistics

It is a process that manages incoming supplies depending on the business model. Inbound logistics focuses on sourcing the materials by analysing the price quotes, purchasing, setting up delivery to the distribution channels like warehouses or retail stores. Therefore, manages the movement of goods or products from suppliers to production. When the goods arrive at a warehouse it is essential to monitor the storage and control the inventory level. Scope of inbound logistics also cover tracking of the orders location and receipt.

 

Outbound Logistics

It is the process of delivering the goods or products at the right time to the end-consumer. Therefore, it involves the activity of allocating materials outside of the warehouse such as monitoring the order fulfilment, packing, inventory management, shipping out the finished goods and so on.

This type of logistics management involves all the processes that are needed to deliver the products or goods from the distribution centre to the customer. Some of the major examples of outbound logistics are order processing, product packaging and shipping

 

 

Some of the other categories of logistics are:

 

– Third Party Logistics- It is the process of outsourcing of logistics services. Companies that provide the 3PL logistics services comprises warehousing, transportation, inventory management etc. Logistics from a third party can offer different types of fulfilment and warehousing.

 

– Fourth Party Logistics- A fourth-party logistics also known as 4PL is an operational model that provides the seamless supply chain solutions for businesses. It covers all the activities ranging inbound to outbound logistics operations.

 

– Green Logistics- When the transportation industry takes effective measures to minimise the environmental damage caused by logistics activities. Reducing the carbon footprint of logistics operations is beneficial in the long-run.

 

 

Conclusion


These are the types of logistics management that are associated with the supply chain processes. It helps the businesses to meet the transportation requirements which is necessary for the profitability and efficiency of an organisation.

As a proactive approach, enhancing the logistics management practices can lead to subsequent growth of more complex supply chains. Optimizing the logistics operations by embracing technological innovations is the best way to meet both demand and consumer expectations.

 

 

Frequently Asked Questions

 

What are the 3 types of logistics?

The three major types of logistics management are as follows- Inbound Logistics, Outbound Logistics, and Reverse Logistics.

What are the 4 major logistic functions?

Order processing, inventory control, warehousing & transportation are the major logistics functions for the smooth running of operations.

What are the 7 R's of logistics?

The success of logistics operations largely depends on the most essential concepts of 7 R’s: Right product, Right quantity, Right condition, Right place, Right time, Right customer, Right price.

What is 3PL & 4PL logistics?

Third-party logistics is the process when businesses outsource the operational activities to plan, execute, and control the movement of goods whereas fourth party logistics is when the logistics service providers manage all the aspects of the supply chain process.

How many types of logistics are there?

Logistics processes involve several activities starting from the sourcing of products to delivering it to the right customers. The four major types of logistics are: Supply, distribution, sales and reverse logistics.