Abstract

In terms of management content, logistics management includes logistics activities and other activities directly related to logistics activities. The content related to supply chain management is more complex. Supply chain management is a model that connects suppliers, manufacturers, distributors and retailers through information feedback. Supply chain management includes business flow management, information flow management, capital and value flow management, and logistics management. Logistics management is part of supply chain management. The purpose of this study is to analyze existing tools and practices for innovation in logistics management in enterprises. Increased competition in the market forces traders to use various methods in order to maintain the profitability of the firm by reducing logistics losses. The main course to reduce logistics losses in trade is considered to be a separate association, which allows the optimal way of goods movement. Integration of logistics between production, transport, wholesale and retail organizations plays a crucial role in trade integration. Research on logistics for a wide range of markets (from food markets to capital-intensive manufacturing) shows that manufacturing companies and intermediaries have ample opportunity to create favorable conditions for consumers. However, these possibilities can only be realized if the logistics operation extends entirely exclusively to the market. In conclusion, it can be argued that the main goal of logistics goes beyond reducing costs and increasing profits. During the development of logistics in industrialized countries, a system of indicators has been formed, in general, to evaluate its effectiveness, efficiency and efficiency. General logistics costs are the total costs associated with the complex functional management and administration of logistics in the logistics system. Common to Western business is the allocation and accounting costs of transportation, warehousing, materials handling, inventory management, order management, information and computer support, and more.

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.