Logistics performance management (LPM) is regular monitoring of every aspect of the logistics chain. This process includes collecting data surrounding all outsourced logistical activities that have an impact on cost or performance.
Logistics professionals use logistics management as a way to identify and correct inefficiencies to improve business performance. By defining performance variables, identifying metrics and using clean, accurate data to leverage insight, logistics professionals can ensure they are on track to meet or exceed their business performance goals.
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