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What is Logistics Management Explained

Logistics Management is vital in supply chain management, encompassing moving, storing, distributing, and returning goods. Effective logisctics management ensures customer satisfaction and business success. It involves controlling inventory and leveraging technology. Ultimately, logistics aims to deliver the right product, to the right place, at the right time, ensuring competitiveness and market success. 📌 Related Videos What is Lean Logistics    • What is Lean Logistics   Logistic Manager    • Logistics Manager | Role and Responsabilities   ✍ Here is the Transcript of the Video Today we're tackling a fundamental topic for any company aiming for success: logistics. Logistics, simply defined, is that crucial part of the company's supply chain that focuses on meeting customer needs. To do so, logistics relies on four key activities: moving, storing, distributing, and returning. ▶ 1. "Moving" Involves transporting goods and services from the beginning to the end of the supply chain. Think of delivering finished products from the factory directly to the customer. ▶ 2. "Storing" Entails the occasional need to temporarily store materials or products in warehouses. This is particularly important for seasonal products or managing demand fluctuations. ▶ 3. "Distributing" Is the phase where products are shipped to distribution centers closer to end customers. Think of e-commerce giants like Amazon or Alibaba handling this activity on a massive scale. ▶ 4. "Returning" Is the final, but no less important, phase where returns are managed, retrieving defective or unwanted products from customers. This phase is crucial as the material flow goes in the opposite direction of the supply chain. ▶ Conclusions The ultimate goal of logistics is to deliver the right product, to the right place, at the right time. Only by effectively integrating these activities into the supply chain can we guarantee the success and competitiveness of the company in the market. ツ CONNECT WITH ME ツ Hi, my name is Mark Anderson a 20+ year Lean Expert. I have created LeanVlog because I want to spread Lean Thinking worldwide and I think the video is the most effective way to teach, learn, and spread knowledge. If you want to stay in touch with me you can choose the channel you prefer. A) Linkedin   / mark-anderson-leanvlog   B) Latest Videos and Playlist Website: https://www.leanvlog.com C) Telegram https://t.me/leanvlog #logistics #logisticsmanagement