Introduction In recent times, businesses have become global, hence necessitating an effective supply and logistics management system. This is an inevitable platform in trade that encompasses different aspects which leads to a successful global business. An effective logistics management system helps Wal-Mart stores to effectively distribute goods to different locations.
Logistics management is the process of planning, organizing and controlling the logistics system (Ghiani et al., 2013), encompassing aspects in personnel, planning and organization of the whole system for timely and orderly distribution of goods. The business mainly utilizes elements in forecasting as a means of estimating the capacity of ...
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LOGISTICS IN OPERATION MANAGEMENT AND CONTEMPORARY BUSINESS
INTRODUCTION
Fast paced business world has increased immense pressure on organizations to increase agility and the adaptability of business operations. Along with understanding of changing market demand and customer trends, to remain competitive organizations are to remain on toes to meet the challenges posed by the managing operations of business. Therefore, operations of the organizations in the contemporary business world are constantly looking for the business practices that would enable them to manage business with more connectivity and coordination. Therefore, in order to address these factors successfully various management functions are constantly being evolved for greater coordination (Stevenson & ...
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