What are the Key Elements of Logistics Management?
Logistics management encompasses several key elements, including:
Inventory Management: Ensuring that the right amount of stock is available at the right time to meet demand while minimizing holding costs. Warehousing: The storage of goods in warehouses, which involves activities like receiving, putting away, picking, and shipping. Order Fulfillment: The complete process from receiving an order to delivering it to the customer. Transportation Management: Planning, executing, and optimizing the physical movement of goods. Packaging and Handling: Ensuring goods are packaged appropriately to prevent damage during transit.