Logistics management refers to the aspect of the supply chain management that has to deal with the planning, implementing and controlling of the flow and storage of goods and services, along with other related information, from the point of production to the point of consumption. In other words, logistics management takes into consideration the foundations that pull the strings for logistics services.
Generally, the activities related to logistics management include the management of inbound and outbound transportation, warehousing, the handling of material, order fulfillment, logistics network design, inventory management, the management of supply and demand and the management of third party providers of logistics services. Sometimes, to a certain extent, the activities of logistics management may extend to planning of production, procurement, sourcing, customer service, assembly, packaging, scheduling, and so on.
Today, many corporations and business entities manage their logistics, through various logistics management software. Logistics management software refers to a form of S.C.M (Supply Chain Management) software that mainly concentrates on the planning and controlling of the movements of the products and services, from one point to the next.
The main purpose of logistics management is to adequately monitor these movements so that they can stand up to the standards and the requirements of the customers, as well as the expected levels of service, within the corporation. The same is said about reverse logistics. The goal is the same, only in reverse, when it is the customers that wish to return a particular product.
Logistics management controls the on-goings of a business entity, as it relates to, monitoring the Transportation of products, from point A to point B.