LOGISTICS MANAGEMENT

Logistics and Supply Chain



Logistics and Supply Chain

Introduction

The term lead time refers to the span of time consumed between the placement of the order and the receipt of the order. Lead time plays an integral role in the effective execution of logistics skills. Logistics management refers to the process of executing, controlling and planning the effective, efficient storage and flow of goods and services. One of the main objectives of logistics management is to control the information related to the order, from its time of origin to the point of consumption, resulting in compliance with consumer requirement (Rushton, .et.al, 2010, ...