Logistics (L.P. ) is a logistics company for the 21st century. It is a global leader in transport, warehousing, fulfillment, global logistics, business intelligence, technology and supply chain solutions. Logistics is considered one of the fastest growing private transport logistics companies, a top 3PL, top provider of freight forwarding companies and warehousing, leading project freight manager and great workplace. Today, Logistics generates a worldwide annual turnover of over 300 million dollars and employs over 600 people in 25 countries.
Logistics Management is a part of the Supply Chain Management Plan that is implemented to control the flow and storage of goods and related information from the source of origin to the place of consumption. Logistics management focuses on efficiency and effective management of daily activities related to the production of finished goods and services.
With an estimated turnover of $4.6 trillion in logistics, companies in the supply chain have no choice but to adapt to changing markets and growing pressure to provide better services at lower prices. This means that the logistics industry is constantly adopting new technologies, business models and market participants. Suppliers and manufacturers develop and implement logistics software tools to optimize daily activities, manage routing, warehousing and inventory to meet customers “delivery needs.
While companies and individuals are getting used to the on-demand culture of shipping, Logistics companies are facing increasing pressure from customers to provide higher quality goods and better services to the customer environment at lower costs. The transition to companies offering integrated logistics services is putting pressure on major industry players such as FedEx and US-Xpress.
On the other hand, Sheu emphasizes that the globalization of logistics activities has led to more complex business processes and that international companies face more uncertainties compared to domestic logistics. In recent years, companies tended to refocus their domestic business logistics in global logistics (GLS) for their international markets and clients. However, the GLS strategy is more complex and difficult to develop than the domestic logistics strategy, according to Sheu .
Global companies tend to increase order turnaround times, inventory levels, and distances associated with the complexity of logistics. The actual logistics process can vary in complexity depending on industry and company, and other processes can be difficult to plan and implement, such as urgent orders. It is obvious that the transition to a just-in-time operation (JIT) in direct conflict with globalisation is a new strategy for companies.
Logistics management plays an important role when it comes to adapting products to customer requirements. It takes into account the facilities and the impact on costs. Logistics connects suppliers and customers and is an integrated functional unit within the company.
An integrated approach to the supply chain management aims to integrate information technology, industrial engineering, systems engineering, procurement, marketing, operations management and logistics in a coherent manner. Product managers, purchasing managers and VPs are dedicated to keeping costs in check and reducing friction points, therefore logistics planning and supply chain management is crucial. Logistics companies can reduce errors and delay costs by investing in the necessary technology and personnel, ensure that the organization meets customer needs and maintain its reputation by minimizing errors and delays.
When using logistics services, production and trading companies rely on the reliability, competence and honesty of logistics service providers. Additionally, the e-commerce industry also uses logistics services to manage and monitor the supply chain for e-commerce companies, allowing them to concentrate on marketing and other business activities.
The growth of commercial activities and globalisation have fuelled the growth of the logistics market and logistics companies. Countries have become potential markets for supply and demand, and they have led to a need for logistics that has enabled the logistics industry to achieve a growth rate of 20% per year. With the increasing importance of the supply chain, logistics companies are emerging in the supply chain departments of companies, which are starting to offer complete services and solutions from planning to warehouse management.
Logistics costs are an essential part of many companies “spending, and many companies are exploring the use of external resources to reduce them. According to Kleindorfer and Visvikis , globalization is an essential factor that has led to the growth of logistics over the last decade.
The provision of efficient deliveries on the last mile is experiencing a major increase in the logistics industry with the increasing proliferation of e-commerce companies. The continuous efforts of logistics companies to offer this service are an opportunity that should stimulate the growth of the logistics market in the future.
Integrated tracking capabilities give retailers and logistics companies up-to-date insights into known packages, give logistics companies control over their operations and improve customer satisfaction. Containment and emergency strategies: Many logistics companies are starting to implement the procurement of raw materials through internal strategies and local production. Long-term strategies that logistics companies can pursue include working with governments to improve supply chain resilience, implementing merger and acquisition strategies, and expanding local operations.
Logistics companies help organizations plan, implement and carry out transportation and storage of goods, materials and services along the entire supply chain from point of origin to point of consumption. The physical transport of goods by road, air or water from one place to another, accompanied by tasks such as the provision of transport documents, the calculation of transport times and the planning of the use of means of transport, technology and manpower, is part of transport logistics. Logistics companies have a broad range of experience in managing movement of goods, which means they know how to accomplish this efficiently, cost-effectively and rationally.
Supply chains consist of suppliers, manufacturing centres, warehouses, distribution centers and retail stores where raw materials, labor processes, inventory levels and finished products flow between facilities. Intralogistics maps the entire logistics process from a specific location to its production company or distribution center.