How does Logistics Management improve the Business? Logistics is the term that generally means the management of transportation of information, from one place to another. Logistics management is a supply chain management component that is used to meet customer demands through the planning, control, and implementation of the effective movement and storage of related information, goods, and services from origin to destination. Logistics involves things like transportation, inventory, packaging, supplies, and sometimes, social security and warehousing. Logistics is the process of planning and executing the efficient transportation and storage of goods from the point of origin to the point of consumption. The goal of logistics is to meet customer requirements in a timely, cost-effective manner. The four functions of marketing logistics are product, price, place, and promotion. Typical logistics activities include procurement of materials, storage, transportation, and distribution of the finished product. We will be expected to use our logistics knowledge to spot problems and eliminate inefficient processes in the chain. Logistics management is a detailed process of organizing and implementing an operation.

Abith KM

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