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M ade by :- TalentEdge 5 Important Functions of Logistic Management BY Talentedge.Com


Order Processing   The process of logistics starts from the order processing that is mostly the work of the commercial department in an organization. This department is the one that ensures the payment terms and delivery terms are met and then the order is processed within the company’s timeline. In simple words, the commercial team accepts the order from the customer and forwards it to the warehouse.


Materials Handling Material handling refers to the movement of goods within the warehouse. It involves handling the material in such a way that the warehouse is able to process the orders frugally. Although it may sound like a mundane task, it is an important one. Arranging the material within the warehouse properly in order to allow easy movement and dispatch is an essential activity in logistics management. And, this becomes even more imperative as the warehouse grows in size.


Warehousing   Warehousing plays a huge and pivotal role in logistics activities. A pro tip: the warehouse of a company should be nearby to the distributors' place and it should facilitate easy delivery of goods. If there was a product that was from a branded company, however, it takes a week's time to deliver, then this product might move as quickly in the market as another that takes 2 days to deliver.


Inventory Control   Inventory management is one of the most important functions of logistics management. Inventory is the greatest culprit in the overall supply chain process because of its huge carrying and loading cost that eats up all the profits of the company. It consists of the cost of financing, storage, losses, insurance, damages, and pilferage .


5 Important Functions of Logistic Management   Logistics is also known as the physical distribution of goods, a necessary function that is a part of operations for many companies, especially the ones in the manufacturing sector. These goods have to be transported to distributors, retailers and dealers, and from there onwards to the end consumer. Logistics is the means to transport the goods from a company to either the middlemen or to the customer.   However, logistics doesn't necessarily mean transport only; there are many different activities and functions of logistics management carried out by a company. Some of these functions are as follows:-


I m a g e s say more than a thousand w o r d s


I m a g e s say more than a thousand w o r d s


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