Abstract
The contributions of logistics functions to the performance of an organization have been the subject of research over the years. Thus, this present study further examined the effect of outbound logistics functions on financial performance of quoted manufacturing companies in Nigeria. Panel data regression analysis was employed to test the effect of logistics functions on financial performance of the selected companies over a period of five years (2015-2019). Logistic functions costs and financial performance indicators were extracted from secondary data. The findings of the study showed that logistics function has a positive and significant effect on financial performance of manufacturing companies in Nigeria. Therefore, the companies are implored to pay more attention to logistics functions when aiming at a better financial performance.
Highlights
Logistics is an important factor to be considered in achieving a successful supply chain operation in an organization
This present study further examined the effect of outbound logistics functions on financial performance of quoted manufacturing companies in Nigeria
Logistic functions costs and financial performance indicators were extracted from secondary data
Summary
Logistics is an important factor to be considered in achieving a successful supply chain operation in an organization It creates value by establishing customers' delivery requirements in a cost-effective manner (Bowersox, Closs, & Cooper, 2002). Logistics is part of operations management functions and plays an important role in transporting the flow of goods in and out of the company (Tracey, 2005). This logistics role improves the quality of finished products and the accuracy of goods delivery by the organization.
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