The 10 works of Logistics
Logistics, a critical component of supply chain management, involves a wide range of activities. The principal activities in logistics typically include:
1. TRANSPORTATION:
This is the movement of goods from one location to another, which can involve different modes such as road, rail, air, and sea.
2. WAREHOUSING AND STORAGE:
Goods must be stored safely and efficiently in warehouses before being transported to their final destination.
3. INVENTORY MANAGEMENT:
This involves managing the supply and demand of goods, ensuring there is enough stock on hand to meet customer needs without overstocking.
4. ORDER FULFILLMENT:
Once an order is received, it needs to be processed, packed, and shipped to the customer in a timely manner.
5. DEMAND PLANNING:
Predicting customer demand ensures the right products are available at the right time, avoiding shortages and surpluses.
6. SUPPLY CHAIN MANAGEMENT:
Overseeing the entire supply chain, from supplier to manufacturer to retailer to consumer, to ensure efficiency and effectiveness.
7. REVERSE LOGISTICS:
Managing the return of goods from customers, whether for recycling, disposal, or refurbishing and resale.
8. CROSS DOCKING:
Transferring products directly from incoming to outgoing trucks or vehicles with minimal storage time, to streamline the supply chain.
9. GLOBAL LOGISTICS MANAGEMENT:
Handling logistics on an international scale, dealing with cross-border transport regulations, customs, and diverse transportation infrastructures.
10. CUSTOMER SERVICE:
Providing customer support regarding their orders, shipments, and returns is essential for maintaining customer satisfaction and loyalty.
Source : sensefinity.com
