Logistics Management
Definition
Warehousing and transportation management from production to delivery.
Historical Background
2000s: modern logistics improved efficiency.
Example
Warehousing, transportation, inventory control. Like a product mover.
Formula
Logistics Efficiency = Order Delivery Cycle / Order Processing Cycle x 100%
Core Concepts
Delivery efficiency guarantee: optimizing logistics for faster, cheaper delivery.
Extended Applications
Warehousing: inbound, outbound, inventory; transport: route planning, mode selection; distribution: last mile; inventory: safety stock, turnover; IT: WMS, TMS systems.