Business and Management Logistics Explained
                     Business and Management Logistics Explained
How Business Logistics Business Works
• Business logistics services refers to the entire set of processes involved in moving 
goods, whether from a supplier to a business or from a business to a customer. 
The key concept here is managing these processes as a unified system. For 
example, online retailers that successfully drop ship products direct to customers 
from hundreds or thousands of small suppliers have advanced business logistics 
practices.
• A logistics management system underpins that effort and includes inbound and 
outbound transportation management, fleet management, order processing, 
supply and demand forecasting, and managing third-party logistics (3PL) service 
providers.
Importance of Logistics
Logistics centers on the movement of goods, but its effects extend much further. In 
business, success in logistics translates to increased efficiencies, lower costs, higher 
production rates, better inventory control, increased customer and supplier 
satisfaction, and an improved customer experience.
There are Seven Pillars of Effective Logistics
• Material Sourcing
• Transportation
• Order Fulfillment
• Warehousing
• Demand Forecasting
• Inventory Management
• Supply Chain Management
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