Logistics Management

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Description of Logistics Management. Explanation.




Definition Logistics Management. Description.

Logistics Management is the process of strategically managing the procurement, movement and storage of materials, parts and finished inventory (and the related information flows) through the organization and its marketing channels in such as way that current and future profitability are maximized through the cost-effective fulfillment of orders.

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Compare with: Value Chain  |  3rd Party Logistics (3PL)  |  Vendor Managed Inventory  |  Bullwhip Effect  |  RFID Technology  |  Cross-Docking  |  LIFO  |  FIFO

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