LOGISTICS MANAGEMENT

LOGISTICS MANAGEMENT

LOGISTICS MANAGEMENT

Introduction

Today, the importance of logistics in relation to the management and administration of the supply chain, production, and distribution companies is essential to have a good logistics management as it has become a true business asset, synonymous with efficiency and service excellence, which translates to generate greater value. Contemplate the different modes that make up the current logistics structure as key success factors and how to become an indispensable tool for businesses to be competitive and efficient in today's environment full of technological advances, high competition and higher customer satisfaction needs. The mission of the logistics of the company is providing good customer service, supporting the production and marketing efforts of the company (Coyle, 2009). Engineers have reached the limit on the efficiency of production processes, and marketing and have done everything imaginable in the art of selling and creating new markets.

For a new company to establish efficient businesses in the online retail sector, a company should be well aware of the concepts of logistics in order to best perform its operations. In order to satisfy customers and to compete efficiently, a new company should be well aware of the logistics concepts and trends in the modern world. In Australia, the market of online retailing is growing with a rapid pace. More consumers prefer to shop online, which has created an emerging trend in the world of Ecommerce. For the online retail sector to reach its full potential, however, will require continued innovation to improve the range, reliability and cost effectiveness of logistics solutions available to online retailers. In the year 2010, the E-store logistics has achieved the significant business growth because of the development of the online retail sector in Australia and a strong demand by businesses for highly customized logistics solutions.

Background of Study

Logistics is defined as the process of planning, implementing and controlling the flow and storage of raw materials, intermediate products or finished and manage information in that process, from the point of origin to the place of consumption, in order to adequately meet the requirements of customers (Council of Logistics Management). Markets have become more demanding, integration and globalization is a fact, domestic firms have to compete with companies around the world and must respond to the better of each and every one of the clients also the emergence of new information technologies have resulted in less time and transaction costs. This has forced companies to take more seriously the concept of Logistics Management if they are to remain competitive (Driscoll & Pilbeam, 2010).

Although logistics is always an essential part of any economic activity, has been ignored by the corporate governance, however, in the last two decades have been very interested in the development of it, to the point a growing number of companies are adopting as a management tool in view of the positive results that throws the application. The origins of the logistics whose term comes from the military field, related to the acquisition and supply of materials required to complete ...