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Lumper receipt template11/30/2022 ![]() ![]() ![]() Logistics is the foundation of the supply chain and is vital to a company’s success. If the company does not have enough stock to fill an order, it may lose a sale or make a customer unhappy by forcing them to wait for the item. Its manufacturing line cannot run unless it has all the necessary materials to build its product or items to distribute in the requested amounts. To generate the best returns, a company needs to have the right supplies at the right place at the right time. businesses spent $1.63 trillion on logistics, equal to about 7.6% of GDP. Companies that use several distribution channels and operate facilities in different locations face another layer of complexity. Choreographing these processes gets complicated when volume grows and there are multiple products to manage. Logistics teams are responsible for making sure each of these steps run smoothly, including purchasing, accepting inbound delivery, storage, packaging, inventory management, shipping, outbound transportation and delivery. For manufacturers, logistics starts with the incoming supply of raw materials and carries through to the delivery of finished products to customers.įor example, a logistics department would receive supplies, give components to a production line, move finished goods to a distribution center, manage inventory and ship products to a customer. Logistics coordinates the movement and storage of resources such as goods, equipment and inventory. ![]()
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