Definition of Logistics
Logistics and logistics management is a subset of processes that fall under supply chain management that plans, executes, reports and coordinates the movement of goods within an organization’s network of stakeholders that include:
- Production & Manufacturing
The goal of logistics is to move product efficiently and securely from point A to point B at the least cost and best service.
Components of Logistics Include:
- Inbound Freight
- Outbound Freight
- Materials Management
- Order Fulfillment
- Inventory Planning
- Demand Planning
Logistics is managed by companies through a transportation management system (TMS) that allows users to optimize and manage its logistics in a control tower fashion giving all stakeholders full visibility to future, current and past freight movements of goods through its supply chain.
The TMS platform also allows users to report, model, analyze and optimize a shipper’s freight movements for continuous performance improvement.
Companies can either manage their logistics internally or outsource the activity to a third party logistics company (3PL).
Professional Organizations Associated with 3PL’s:
- Counsel of Supply Chain Management Professionals (CSCMP)
- Transportation Intermediaries Association (TIA)
- International Warehouse Logistics Association IWLA)
Other Article of Interest:
- Best Transportation Management System (TMS) Software Packages
- The Ultimate Comparison Guide on Freight & Logistic Services
- Benefits of Managed Transportation Services: Comprehensive Guide
- How Much Does Managed Transportation Services Cost? A Comprehensive Pricing
It’s a learn more about Intek Freight & Logistics and the logistics industry, we invite you to visit our website and subscribe to our weekly blogs.