8 logistics functions that you must know about
Logistics management has evolved as the dominating industry in this highly globalized world. As the exchange of raw materials and import/export of consumer goods has increased exponentially, the need for the logistics process has increased. Several functions are involved in the logistics process that helps to maintain an easy flow of goods overseas. Here are the top 8 functions that are responsible for a smooth flow of goods:
The management of logistics involves some or all of the following functions that include:
Inbound transportation refers to the complete transit of goods and raw materials to businesses. Most companies decide to manage all their shipment on their own. However, it isn't easy to manage the entire process on their own on a big scale. That is why most companies are dependent on freight shipping companies.
The goal of outbound transportation is to deliver the goods to the end customers. They make sure that the goods reach the end customers safely and securely. All kinds of safety measures are followed to save it from all types of thefts and damages.
This is one of the essential functions of the logistics management process. Fleet management is the handling and tracking of the various vehicles involved in the logistics process. All kinds of cars, such as cars, trucks, ships, etc., come under it.
Warehousing is another critical term in the logistics industry that businesses store goods before they are sold. Companies procure goods in bulk so that when a need arises in a particular area, they can quickly fulfill it.
Materials handling is one such term used in the logistics process to maintain a smooth flow of goods and services. The goal is to handle goods in a way that there will be fewer disruptions in the process.
Order fulfillment is a complete process of delivery of goods according to the customer's demand. When a customer demands a particular product, it is the responsibility of the freight shipping companies to deliver the product to the end customers following the entire logistics process.
Inventory management is a process adopted by companies to ensure a smooth and appropriate storage of goods. They handle everything to ensure that only the necessary amount of goods are stored.
Demand planning is a crucial function in the logistics process. It helps in forecasting the demand in the market to ensure that the number of goods produced and stored will be sufficient. SLR shipping is the best logistics and shipping service in UAE that helps in forecasting the industry demands.
How are freight forwarding services essential for your business?
Understanding the logistics management process is essential thing before partnering with them. As you finish the article, you must have understood how different terminologies are used for various industry functions. Reach out to the best freight forwarding companies in Dubai to get your freight delivered on time.