What is Logistics Management? Meaning, Importance, Basic Functions & Strategies - AIMS UK

Logistics Management is the process of planning, organizing, and delivering logistics services to meet customer requirements. It deals with all aspects of planning, organizing, and controlling how goods are moved from one place to another. It's about consolidating, moving and managing the different resources, facilities and personnel required to deliver a product or service to its customer in a cost-effective, time-efficient manner.
You will learn the meaning and importance of logistics management. Also the basic functions and strategies of logistics management - from materials handling through to the logistics process itself. Logistics management involves all business functions including sales, operations, finance and information technology. This video provides a basic introduction to Logistics Management and how it works. You will learn what logistics management is, how it works, why it's important for companies & individuals alike, basic logistics functions & strategies, and some other useful tips for you to learn from!
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0:00 Introduction
0:49 Difference b/w Supply Chain and Logistics
1:24 Logistics Functions
2:42 Logistics Value Proposition
3:07 Logistics Goals and Strategies
4:06 Substituting Information for Inventory
6:58 Reducing SC Partners to an Effective Number
7:42 Pooling Risks