Logistics Management Question  The key to running a successful business lies in its effective management. And when it comes to handling a logistics or supply chain business, it is important to ensure a smooth flow of information as well as the flow of the products through good management. Logistics management includes the management of everything in the supply chain from the raw material to its warehousing, the labour administration, the transportation of the final product to the information flow, all come under it. An efficient logistics management with a proactive and a well-defined strategy can help build better customer relationships, add reliability across the whole supply chain and minimize the need for excess inventory. Along with improving delivery times and reducing errors, there are some additional things to improve in the supply chain. With this regard, Provide a detailed discussion on the impact of time-based strategies in obtaining efficient supply chains and better customer service.

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
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Logistics Management Question 

The key to running a successful business lies in its effective management. And when it comes to handling a logistics or supply chain business, it is important to ensure a smooth flow of information as well as the flow of the products through good management.
Logistics management includes the management of everything in the supply chain from the raw material to its warehousing, the labour administration, the transportation of the final product to the information flow, all come under it. An efficient logistics management with a proactive and a well-defined strategy can help build better customer relationships, add reliability across the whole supply chain and minimize the need for excess inventory. Along with improving delivery times and reducing errors, there are some additional things to improve in the supply chain. With this regard,

Provide a detailed discussion on the impact of time-based strategies in obtaining efficient supply chains and better customer service.

 

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