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Logistics management is vital in organizations because it ensures efficient planning, execution, and control of the flow of goods and services, optimizing resources and enhancing customer satisfaction within the framework of the global logistics network.
Sundas Saleem
Wiki User
∙ 11y agoThe term, "logistics," and its actions originated with the military. In the war theater, logistics applied to the process of supplying equipment and supplies to troops. Logistics as a business concept evolved in the 1950s with the increasing complexity of supplying businesses with materials and shipping out products in an increasingly globalized supply chain. Today, the business sector uses this term to describe the efficient flow and storage of goods from point of origin to the point of consumption. The supply chain is a vital part of this process, including transportation, shipping, receiving, storage, and management of all these areas. Within the business sector, logistics can be applied to information, transportation, inventory, warehousing, material handling, and packaging, disposal, and security.
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Why is Financial leverage important to financial management?
Financial leverage is important to financial management because it will give an advantage. It allows the organization or entity to have more security.
Impotance of management in an organization?
Management is crucial to the progress of an organization. Good management will lead to the company being able to achieve its goals.
What is the difference between business management and finance management?
Financial management is the management of monetary resources in an organization. Business management is the management of all aspects of an organization, not only monetary resources but human resources, marketing etc.. as well.
What are the three important concepts relevant to the logistics management by an organization?
An organization's logistics management involves efficiently regulating the flow of goods and services all the way from their point of origin to the final recipient of the good or service - the consumer. In order to accomplish this effectively, an organization must integrate, in the most efficient manner it possibly can, its three most important elements: time, resources and people.
Why is management important in the organization?
Because without management, the organization will fall apart
Does production management come under logistics management?
No, logistics management is generally a peer to production management.
Why management is important to an organization?
for real the company or organization can't operate without the supervision of the managers on top.
Impotance of management?
Management is very important to any organization. Good management will lead to the organization being able to achieve its goals.
In your previous experience describe how you influenced senior management in an important decision for the organization?
In your previous experience, describe how you influenced senior management in an important decision for the organization.
Why organizing is important in management?
Because without management, the organization will fall apart
What are the principles of logistics management?
Logistics management is the planning and scheduling of transport operations through proper fleet
What is the aspect of logistics management that relate to organisation and implementation?
The aspects of logistics management that relates to the organisation and implementation include?
Why does the domain of production and operations management include to some extent all organization?
It is because production and operations management is interrelated to other functional areas of business such as the finance, the logistics, marketing, etc.
Why it is important for human resources management systems to be in sync with an organization's strategy and goals and with each other?
why it is important for human resource management systems to be in sync with an organization's strategy and goals
What is the important of Strategic Management framework in property management?
to help them accomplish their specific organization objectives
