LOGISTICS AND MULTIMODAL TRANSPORT MANAGEMENT

Methods of Inventory Control   1.    Definition of inventory control "Inventory control involves managing inventories in such a way that customer needs are met while keeping costs low."   (Stevenson, W. J. (2020). Inventory control involves the coordination and supervision of the supply, storage, distribution, and tracking of materials to maintain adequate quantities for current needs, while avoiding overstock or loss. It plays a critical role in ensuring the right balance of stock is maintained within warehouses. Broadly defined, inventory control—or stock controls the activity of monitoring and managing warehouse inventory levels. Key aspects of inventory control also include supply chain management, production planning, financial flexibility, and enhancing customer satisfaction.           2. Why do Need inventory (Reason for Inventory) To meet production or repair requirements. To ensure smooth customer service and order fulfill...

  Customer Service as a Link Between Logistics and Marketing Introduction      In the increasingly interconnected world of global commerce, the shipping industry plays a crucial role in ensuring goods move efficiently from producers to consumers. However, the complexity of shipping logistics often creates challenges in fulfilling customer expectations. Here, customer service emerges as a vital link between logistics and marketing, ensuring that promises made by marketing teams translate into actual delivery experiences managed by logistics. This blog explores how customer service connects these two functions, driving operational excellence and customer satisfaction The Growing Importance of Customer Service in Shipping Customer service has transformed dramatically in recent years within the shipping industry. It is no longer confined to call centers handling queries but is integrated deeply with operational and strategic processes. This evolution is driven by: In...

  Introduction to Supply Chain Management. Understand Supply Chain Management.   Supply Chain Management (SCM) refers to the end-to-end coordination and oversight of all activities involved in producing and delivering products or services. From raw material sourcing to manufacturing, warehousing, logistics, and final delivery, SCM plays a vital role in ensuring that products reach customers efficiently and cost-effectively (Chopra & Meindl, 2016).   A well-managed supply chain enhances organizational performance by reducing costs, improving quality, and boosting customer satisfaction. The increasing complexity of global markets makes effective SCM more important than ever.   Key Components of Supply Chain Management. SCM consists of several interconnected components: 1. Planning:This involves forecasting demand, inventory management, and developing production schedules to align supply with demand (Christopher, 2016). 2.Sourcing:Selecting and managing supplier...

    Abstract Logistics is the set of activities that ensure that the right products are available to the right customers at the right time in the right quantities. Logistics acts as a link between production and consumption and essentially provides a bridge between production and market places or suppliers separated by distance and time. This requires attention to products or physical goods, people, and information about goods and people. Logistics is concerned with both the flow of materials and the flow of information. Materials flow from the supplier to the customer, and information flows in the other direction. It is not only concerned with inventory and resource utilization, but also includes customer response WHAT IS LOGISTICS? Logistics is the part of supply chain management that deals with the efficient forward and reverse flow of goods, services, and related information from point of origin to point of consumption, according to customer requirements. (Christopher, 201...