However, the relative importance of these factors in the minds of customers may vary. In the logistics world there is a lot more involved then just moving goods from point A to point B. The most significant aspect of reverse logistical operations is the need for maximum control when a potential health liability exists (i.e.. a contaminated product). As explained earlier, the cost of physical distribution consists of various elements such as transportation, warehousing and inventory maintenance, and any reduction in the cost of one element may result in an increase in the cost of the other elements. Moreover, there is a capital cost associated with it. I really like the post. Such programs must be facilitated by working arrangements that transcend the overall supply chain. One of the long-term goals and objectives for every logistics company is reducing costs. Thanks for all this information. Inventory is the biggest culprit in adversely affecting the objectives of logistics management at the bottom line of an enterprise. For example, smaller shipments could be delivered rapidly at the point of consumption. I am sure you will all agree with me that the first and main goal of every logistics company is to get things from point A to B in a timely, efficient and cost effective manner! 2) Improved customer service. An efficient management of physical distribution can help in improving the level of customer service by developing an effective system of warehousing, quick and economic transportation, all maintaining optimum level of inventory. This site uses Akismet to reduce spam. Logistics is an activity carried out by many different companies for the physical distribution of goods. With that said, we cannot miss the importance of having a good plan including goals and objectives to lead you through the journey. You need to have some clear goals and objectives in mind, in order to have a successful business! Every logistic company has main focus and activity on detailed coordination of the complex operation, which involves many people, facilities, or supplies. For the supply chain to be effective in a multichannel operation, it is necessary for management to meet four goals: 1) Increased efficiency. Few items are sold without some guarantee that the product will perform as advertised over a specified period. and was designed to harmonize data privacy laws across Europe, to protect and empower all EU, Please enter the code we've just sent you, Please make sure to enter your correct mobile phone number, Objectives and Goals of a Good Logistics Company, Federal Motor Carrier Safety Administration (FMCSA), National Highway Traffic Safety Administration (NHTSA), Occupational Safety and Health Administration (OSHA), United States Environmental Protection Agency (EPA), Commercial Vehicle Safety Alliance (CVSA), National Highway Traffic Safety Administration NHTSA, Occupational Safety and Health Administration OSHA. In logistics you need to do things as fast, cheap, and consistently as possible. Each of these goals includes definitive and specific objectives required within an operation. Kerzner Project Management Maturity Model (KPM3), Customer Confidence Winning Strategies Adopted by Organizations, Looking After Your Well-Being When Traveling for Work, Portfolio, Programme and Project Management Maturity Model (P3M3), Organizational Project Management Maturity Model (OPM3), Understanding Different Types of Supply Chain Risk, Supply Chain Integration Strategies – Vertical and Horizontal Integration, Understanding the Importance of International Business Strategy, Employee Participation and Organization Performance, PRINCE2 Methodology in Project Management, Psychological Contract – Meaning and Importance, Workplace Effectiveness: Easy Tips to Bring the Team Together, Schedule as a Data Collection Technique in Research, Role of the Change Agent In Organizational Development and Change, Case Study of McDonalds: Strategy Formulation in a Declining Business, Case Study: Causes of the Recent Decline of Tesla, Roles and Responsibilities of Human Resource Management, Interview Method of Data Collection in Research, Nature and Importance of Managerial Principles by Henri Fayol. Have in mind that the goals as well as the objectives should be specific and measurable. Therefore, while deciding the level of service, a careful analysis of the customers’ wants and the policies of the competitors is necessary. Moreover, a quicker mode of transport should be selected to move the products from one place to another in the shortest possible time.

They provide warehousing, transportation, distribution- to name just few of the services. Another important objective of the physical distribution/logistics system in a firm is to generate additional sales. The logistical system also aims at creating time and place utilities to the products. In F78 (Instructions to the Paying/Accepting/Negotiating Bank) the LC opening bank write instruction about…, Hallo, need your help to adv detail instruction on field 78 for UPAS LC, or may I get general MT700…, Please help me with this assignment.

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