Monday, 31 March 2014

Competitive Advantage with Global Logistics

Location is no longer the only thing that matters for companies seeking global expansion. The emergence of logistics management together with the information technology advancement has help companies improve their customer service, control costs, seize opportunities in emerging markets while boosting their competitive advantage.  Nowadays logistics incorporates supply and demand strategies, covering the entire processes from the gathering of raw materials to reaching the end customer.

Global logistics is big business in the industry; it includes all forms of transportation along with storage facilities, warehousing, inventory management and the distribution management. Billions are spent on the specialist information technology, computer software and the use of third party vendors in order to manage and plan the efficient movement of goods and items around the world. Thanks to logistics there has been an increase in productivity tools, advanced transportation and information communications, control and electronics in order to move goods quickly, safety and efficiently. 

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