What is Logistics and how can it help you?

Logistics deals with the movement of goods from a single company’s perspective, meaning the movement of materials and goods one company receives and manages internally as well as when it moves those goods to a customer. A supply chain is a network of businesses involved sequentially in the production or distribution of goods or services. In short, logistics is generally a one company issue while the supply chain is a multi-company issue.

While logistics may be coordinated throughout part of or even the entirety of the supply chain, each segment is the responsibility of one entity until it hands off the material or product to another entity in the supply chain.

Logistics Components

In its most basic form, logistic components are:

  • Intake from suppliers and material handling;
  • Labeling, packaging into smaller units, organization and warehousing;
  • Inventory management for production or distribution;
  • Demand planning;
  • Order fulfillment; and
  • Transport.

Typically, a logistics management system includes inbound and outbound transportation management, warehouse management, fleet management, order processing, inventory control, supply and demand forecasting, and management of third-party logistics service providers.

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