Become a Pivotal Leader in your Organization with a Masters in Logistics
What is Logistics Management?
Logistics management is the control and supervision of raw materials and goods to meet the consumer's ever-changing demands and requirements. This process is vital as it pertains to the current and future profitability of a company. A logistics manager must know how to integrate workflows to keep track of inventory to ensure supply and demand are fulfilled. Their job is to analyze, visualize, and optimize the logistical processes to maximize a company's bottom line. A career as a logistician includes oversight of transportation, freight, inventory, handling of materials, and ultimately fulfilling orders.
Why is a Logistics Manager Invaluable to a Business?
Logistics managers have a two-fold focus: to coordinate both internal and external flows of the product successfully. They help bring the project life cycle to fruition, which keeps the company profitable. The perfect logistics manager will know how to create faster cycle times, identify equipment needs, increase productivity, and provide detailed documentation. A business manager with a Masters in Logistics or MBA in Logistics Management will have a formidable understanding of the role and requirements.
- Maintain Inventory. A company can only exist if it has products or services to sell. The logistics manager fulfills the most elementary need of any business — ensuring there are products to market.
- Influence Profit Margins. The logistics manager has authority over the supply chain factors, such as cost of freight, sourcing, and import duties. Their decisions influence the company's profit margins.
- Control Operational Expenses. An efficient logistics manager continually looks for ways to reduce operating costs by getting better deals with carriers and optimizing routings, charges, and filings.
- Operate Internationally. A company seeking to do international business relies on its logistics manager to source cost-effective solutions abroad and take advantage of FTAs and special duty treatments.
- Increase Reliability. A large percentage of buyers make purchases based on guarantees or warranties without the presence of the product. The logistics manager must guarantee delivery, and when reliable, builds the company's reputation.
- Company Cohesiveness. The logistics manager collaborates with all the other departments to ensure that sales, accounting, order management, and shipping seamlessly work.
- Improve Customer Service. An ambitious logistics manager will go the extra mile by negotiating the sale as complete upon arrival, rather than making the buyer responsible for the goods during shipping.
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