Logistics Management
The component of supply chain management that is used to meet customer demands by planning, control, and implementation of goods from their origin to final destination is known as logistics management. Companies can curtail their expenses and improve their customer service with the help of logistics management.
Logistics management involves many elements, some of which include choosing the right vendors, the most effective routes for transportation and delivery methods. Focussing on collaboration among transportation providers, vendors and buyers can minimize expenses. Great losses are incurred to the company due to careless transportation and poor logistics planning. It also leads to unhappy customers.
Route Optimization can help in improving last-mile delivery operations and cutting down logistics costs in the following ways: Smart and easy-to-use mobile application for logistics managers to monitor logistics operations, send predictive alerts on delays, vehicle breakdowns, idle time, live tracking, etc. improve both customer experience and efficiency of delivery executives.
2020 was a challenging year, yet there were some hidden opportunities for logistics and supply chain enterprises. As we head into a brand new year, it’s time to look at some industry predictions for 2021.
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