Importance of Logistics - 1875 Words

TL1033: Logistics (Part 1 – Introduction to Theory) Level 1 – Semester 2, Bachelor of Transport and Logistics Management Department of Transport and Logistics Management Assessment 1 131448P â€Å"Leaders win through logistics. Vision, sure. Strategy, yes. But when you go to war, you need to have both toilet paper and bullets at the right place at the right time. In other words, you must win through superior logistics.† - Tom Peters The word logistics was used in warfare where logistics became a pivotal technique to win the game. In that case most of the military logistics literatures of early periods were delivered the tactics and insights to work in complex environments (McGinnis, 1992) where the flow of material and information†¦show more content†¦It was a huge challenge to deliver goods with a low price within one day. For that they outsourced and got specialized and expertized 3rd party logistics services. Currently UPS and FedEx do a great job as performing 3PLs. But still there is a main disadvantage of e-commerce is the speed of disposal of product which does not correspond to the speed of ordering (Lekovic and Milicevic, 2013) and if this key challenge can be overcome by any technology, consumers will totally shift to e-tail as it is entirely similar to retail. Other than cost and time utilities, logistics become an important part in e-commerce in the scope E-fulfillment as it is providing an integrated service with all operations in e-commerce. For an example, logistics activities can be used for marketing while communicating with customer face to face in a website. By that logistics forms links with customers, contributing to customer satisfaction and added value. Also this interaction can be used to build the image of corporation. At the same time, when customers received exact goods they ordered within promised duration and quality, that makes consumer to believe consistently on e-commerce (Elkhateb, 2012). Even though logistics makes customers to retain with e-commerce, as to the statistics from statista.com still there are only 40% of internet users have bought products through e-commerce. It could be due to the challenges that accompanied withShow MoreRelatedThe Importance of Logistics Management3316 Words   |  14 PagesLogistics Management In the Second World War logistics also played an integral role. The allied forces’ invasion of Europe was a highly skilled exercise in logistics, However while the Generals and Field Marshals from the earliest times have understood the critical of logistics, strangely it is only in the recent history that business organizations have come to recognize the vital impact that logistics management can play in gaining a competitive advantage (Christopher 1992). However, we must askRead MoreImportance if Third Party Logistics Essay1860 Words   |  8 PagesExecutive Summary The performance of the logistics system has a major impact on cost structures, revenues, service quality, and competitiveness in Australian industry. Logistics activities have been evolving rapidly in response to changes such as globalization, general industry restructuring, new production processes, and technological advances. Many firms, government agencies and joint industry/government bodies are developing programs to improve logistics performance in Australia. The initiativesRead MoreImportance Of Crm On Today s Supply Chain Logistics Essay1233 Words   |  5 PagesThe Importance of CRM in today’s Supply Chain Logistics Environment Clifford T. Kinnear Embry-Riddle Aeronautical University Aviation Logistics and Supply Chain Management; ASCI 433, Instructor; Professor Hunt Correspondence of this paper should be addressed to Clifford T. 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