Value Chain: Logistics Management From Here And There
- Topics:
- Logistics Planning
- Tags:
- Business Operations,
- Logistics,
- Logistics Management,
- Supply Chain,
- Transportation,
- Value Chain
- Source:
- Penton Media
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Overview: Managing inventory and controlling the flow of materials and goods is crucial to success. In an era of instant electronic communication and high-speed global shipping systems, the words "logistics management" can send a chill down the spine of even the most efficient and agile manufacturer. For a small company, logistics management can spell the difference between drowning in a sea of red ink and swimming in greenbacks. Moreover, it can involve a complex array of components -- including transportation, warehousing, customer service, materials handling, improved logistics management has occurred because of a convergence of several factors. First, today's consumer is better educated about products and pricing -- thus forcing companies to respond. Second, a major shift in channel distribution has occurred because major retailers want shrink-wrapped product on pallets, scheduled delivery, customized pallet packs, co-managed inventory, continuous replenishment, and more. Third, there's the emergence of global competition, which has driven down prices. Fourth, there's the emergence of inter-modal transportation systems, which now provide better service at a lower cost. Finally, there's technology and the emergence of the Internet.
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Format: HTML | Date: Feb 2000 | Pages: 1
