Delivering the right products to the right customers at the right time in a cost-effective manner.
In a fluid and rapidly changing market environment, a logistics planning is of great advantage as it minimizes risks, by enabling companies to anticipate change, and develop strategies to adapt to those changes.
Three Major Aspects of Strategic Logistics:
- Long-term goalsCustomer satisfaction, the company’s competitive advantage, and providing chain management are the three future goals of a logistics planning and strategy.
- MeansDelivering value and an honest customer service, and resources available for the implementation of the logistics planning is the means for achieving the long-term goals.
- ProcessThe process for achieving the company’s long-term goals includes defining the way of executing the logistics strategy, anticipating and managing change, and relating each element of the logistics strategy to the company’s overarching business objectives.
The time bracket of a logistics plan and strategy is typically five or more years.
