Definition
Logistics
Logistics encompasses the planning, execution, and management of the flow of goods, services, and information from the point of origin to the final destination, which is typically the end consumer.
It involves a wide array of processes, including transportation, warehousing, inventory management, packaging, and distribution. Effective logistics management ensures that products are delivered on time, at the right location, and in optimal condition, all while minimizing costs and resource use.
In today's global economy, logistics plays an integral role in supply chain management.
Companies rely on smooth logistics operations to fulfill customer orders quickly and efficiently, especially in industries such as e-commerce, retail, and manufacturing. Logistics also includes reverse logistics, where companies manage the return of goods from customers back to the warehouse for recycling, repairs, or resale.
For example, an e-commerce company needs a well-coordinated logistics strategy to ensure that products are delivered to customers within promised time frames, often within 24 to 48 hours, while managing the complexities of inventory replenishment, warehouse locations, and shipping routes.
Relatico assists businesses by providing visibility into logistics operations, tracking supplier shipments, and monitoring critical delivery metrics. By integrating logistics data with supplier management, Relatico helps ensure that the supply chain remains efficient and that companies can quickly address any disruptions that may affect delivery times.