Definition of Logistics Logistics and logistics management is a subset of processes that fall under supply chain management that plans, executes, reports and coordinates the movement of goods within an organization’s network of stakeholders that include: Suppliers Production & Manufacturing Packaging Distribution Customers The goal of logistics is to move product efficiently and securely from point A to point B at the least cost and best service. Components of Logistics Include: Inbound Freight Outbound Freight Warehousing Materials Management Order Fulfillment Inventory Planning Demand Planning Logistics is managed by companies through a transportation management system (TMS) that allows users to optimize and manage its logistics in a control tower fashion giving all stakeholders full visibility to future, current and past freight movements of goods through its supply chain. The TMS platform also allows users to report, model, analyze and optimize a shipper’s freight movements for continuous performance improvement. Companies can either manage their logistics internally or outsource the activity to a third party logistics company (3PL). Professional Organizations Associated with 3PL's: Counsel of Supply Chain Management Professionals (CSCMP) Transportation Intermediaries Association (TIA) International Warehouse Logistics Association IWLA) Other Article of Interest: 2019 Best Transportation Management System (TMS) Software Packages Benefits of Managed Transportation Services: Comprehensive Guide How Much Does Managed Transportation Services Cost? A Comprehensive Pricing
Managed transportation services continue to be the #1 topic we talk with shippers about as they look to optimize their supply chain performance against the challenging backdrop of rising freight rates, tight truck capacity, along with changing and more challenging customer requirements.
Everything you need to know about domestic intermodal and how to be successful implementing it into your logistics strategy. Gives tips, tricks and insights on intermodal and what to watch out for when converting from truckload to intermodal.
People connect with us every day on our managed transportation services to ask various questions about how the solution can help them. While the questions vary, the one question on everyone's list is how much it costs to bring a managed TM solution to their organization.