Month: March 2022

Implementation of the strategy is an important activity after the formulation. The firm needs to evolve a proper framework to successfully implement its logistics strategy. Important aspects for implementation of strategy are: • Financial dimensions of control such as net Read More …

1. Cost Leadership: Achieving cost leadership is facilitated by logistics cost reduction to a major extent. This can be achieved by many ways. Examples of achieving logistics cost reduction are: • Reducing transaction costs through IT support • Warehouse operations Read More …

Characteristics of an effective logistics strategic planning and project management are as follows: Dedicated planning resources and programs Unless proper resources are set aside for long term planning, it will not be carried out to the level of necessity to Read More …

Logistics strategy is the set of guiding principles, driving forces and ingrained attitudes that help to coordinate goals, plans and policies and which are enforced through conscious and subconscious behaviours within and between partners across a network. Companies implement a Read More …

1. Customer service Customer service acts as the binding and unifying force for all of the logistics management activities. Each component of the logistics system can affect whether a customer receives the right product at the right place, in the Read More …

The scope of logistics management is very wide. It is not confined to manufacturing operations alone. It is pervasive in all types or organizations whether government or private, wholesalers or retailers. In a manufacturing organization having an integrated structure, activities Read More …