About

Logistics Management

Logistics Management is defined by the Council of Supply Chain Management Professionals (CSCMP) as that part of supply chain management that plans, implements, and controls the efficient, effective forward and reverse flow and storage of goods, services and related information between the point of origin and the point of consumption in order to meet customers’ requirements.

The Logistics and Supply Chain Industry

Logistics and Supply Chain Management has evolved over the years where companies have been looking into ways to streamline their businesses. Companies with logistics as their core business looks into ways for productivity improvements and companies without logistics as core business looks into outsourcing this to logistics service providers to focus on their core business.

Information becomes a vital tool for companies, with information; companies can better understand their product, improving forecast accuracy and handle with their products in the most appropriate manner. In addition, with proper understanding of their products or services and management of their logistical operations, companies can perform their operations effectively and efficiently. This allows companies to achieve savings that reduces their cost and in turn increases profitability of the company.