Importance Of Logistics In Supply Chain Management – © 2019 l Privacy policy l Terms and Conditions Designed And Developed by Technologies Pvt. Ltd.
The term logistics refers to the activities involved in moving goods from the point of origin to the point of consumption. This involves things like transportation, packaging, and warehousing. And logistics management is the part of the supply chain process that plans the efficient flow and storage of goods from one place to another to meet customer needs.
Importance Of Logistics In Supply Chain Management
On the other hand, a supply chain is a network of manufacturers, suppliers, wholesalers, retailers, etc. to produce and distribute products to end customers. And supply chain management is managing the flow of goods and services, including the process of converting raw materials into final products. It is a concept that connects various processes to achieve competitive advantage.
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Supply chain management is a broader term, and logistics management is a small part of supply chain management. Now let’s get straight to the point and understand the difference between these two terms:-
The Logistics Management Process includes the movement of goods and services, starting from the acquisition of raw materials and ending when the final product reaches the customer. The main goal is to provide customers with the right product, at the right time and in the right place.
Supply chain management includes interrelated activities related to the transformation of raw materials and the movement of final goods to final consumers. The efforts of various organizations such as manufacturers, suppliers and retailers help make this series of activities a success.
Demand and supply factors continue to change along with the evolution of the global market. For example, consumer demand changes as trends change. Therefore, smart companies must be flexible and adapt to change to avoid future supply chain problems.
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Logistics is the movement of goods from one point to another, and involves transportation and warehousing. On the other hand, a supply chain consists of a network of businesses or organizations that work in a series of operations such as logistics, production, and distribution.
Logistics involves aligning complex systems of production planning, purchasing, transportation, shipping, receiving, import and export, warehousing, inventory management, and customer service.
Logistics management helps ensure that products are moved from point A to point B in a timely, reliable and cost-effective manner.
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Logistics plays an important role in supply chain management and thus has a direct influence on customer demand. Correct and efficient product movement ensures that an organization or business can meet or even exceed consumer demand. Automating the processes involved in getting products from suppliers, shipping, and warehousing can reduce overhead costs.
Because supply chain management involves many departments, communication between departments must be simplified. This helps create workflows that help reduce costs by increasing visibility.
There is a reduction in costs through reduced warehousing costs. Businesses will only purchase purely based on supply estimates, proper inventory management, good shipping, and timely delivery of products to consumers.
When an organization has ensured that they have an effective logistics system then they will have better warehouse management. Warehouse management depends on the type of goods your business handles. For example, if you are dealing with highly sensitive and fragile goods, then your logistics strategy should involve a warehouse inventory plan that minimizes damage. Logistics management will ensure that weak points in your organization are spotted and effective solutions can be created.
Logistics And Supply Chain Management
Proper logistics management increases visibility in the supply chain. Increased visibility ensures businesses better control costs, identify supply chain issues, demand planning, and the ability to spot other opportunities in their operations.
For any business to thrive, they need satisfied customers. Proper logistics management helps to come up with reliable strategies that provide better and better services thereby meeting customer demands.
Plus, wouldn’t it be great if a business had repeat sales. Repeat sales depend on a great customer experience. Providing accurate products to customers quickly helps improve customer experience which can also lead to brand loyalty.
Logistics management helps ensure products are delivered quickly, efficiently and on time. There are times when businesses lose potential customers due to shipping delays. Successful businesses ensure that they offer same-day delivery whenever possible and ensure that customers get their products delivered on time.
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Proper logistics management should be the primary goal of a business to avoid losing sales due to shipping delays. Timely delivery of products to customers is influenced by several factors such as lead time management, supplier management, and proper inventory management.
Supply chain management involves management from the production stage to product delivery. There are networks involved in the supply chain such as production, shipping, and warehousing and these networks greatly influence the sales and profits of the business.
Therefore, having a well-thought-out and effective logistics management system helps a business have a competitive advantage over its competitors.
Having a good marketing strategy and product is not enough, having a reliable logistics system helps maintain a positive image of a business.
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Without proper logistics management, a business will likely require intermediary services such as transportation and storage. However, trained logistics experts find ways to reduce the need for third-party services thereby reducing additional costs and ensuring effective logistics management.
Logistics in supply chain management also ensures that supporting documentation for all goods is available. Having proper documentation will help eliminate any legal restrictions.
From the explanation above, it can be seen that logistics in supply chain management cannot be separated. Join us for an upcoming short course on logistics and supply chain management.
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Slide 2 : This slide displays an Outline Deck showing- Planning & Forecasting, Inventory Management, Inventory Management Models, Performance Measures, Common Issues with SCM, Supply Chain Management Process, SCM Decision Phases, Strategic Procurement Process, Logistics & IT, Introduction.
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