Table of Contents
Introduction
Surviving in today’s competitive world for any business is really a tough task. Businesses look for competitive strategies to remain strong in the market. They need something that can meet and exceed the requirements of their existing and prospective customers. Logistics management effectively serves this purpose and helps achieve the best products and high revenue through integration and efficiency.
Logistics management involves planning, purchasing, transportation, warehousing, distribution, coordination and customer service. In simpler words, logistics plays a vital role in the success of almost all present-day businesses and cannot be neglected.
Every retail business has a supply chain and looks for skilled people who can promote an efficient logistics management system. With plenty of employment possibilities in this field, professionals knowing the fundamentals of logistics or equipped with a supply chain management certification are strong candidates for these opportunities.
What is Logistics Management?
The Council of Supply Chain Management Professionals defines logistics as a powerful part of the supply chain process, including planning, administration and implementation of the movement and storage of goods, services, and information from origin to the destination. In simpler words, logistics management includes control and supervision of the flow of goods. Its primary goal is to meet customer demands, reduce expenses and gain revenue. It plays a significant role in operating the supply chain and for a business to be successful.
Logistics management works across almost all industries. With the expansion of businesses into a global marketplace, the need for business logistics professionals is also increasing. These logisticians implement the best management practices to satisfy customer demands in the most timely and cost-efficient manner. Let’s discuss the top reasons why logistics management is important.
Deliver Better Customer Service
Good logistics management improves delivery time and, in turn, ensures better customer service to all its consumers. When a business deals with its customer directly and gives them what they want, it aids in building the reputation of the brand name and revenue. Eventually, well-managed logistics helps deliver the ultimate customer experience.
Increased Supply Chain Transparency
Logistics management helps achieve greater visibility throughout the supply chain. With increased transparency, you get a closer look at how smoothly every process is running. You can easily analyse historical data and watch the real-time movements of goods at all stages, whether bringing them in or shipping to customers or clients. You can then plan the strategies depending upon this information and notify optimizations and avoid potential disruptions. This helps in some significant savings and delivers excellent service to customers or business partners, if any.
Improved Efficiency and Cost Savings
With better supply chain transparency, you can quickly spot problems and rectify them to save costs in operations. It also helps in controlling inbound funds, maintaining inventory, and coordinating the reverse flow of goods. Hence, good logistics management helps you achieve your goals of improving efficiency and reduced costs.
Greater Revenue
A great customer experience helps you keep your existing customers, but their feedback also helps attract more consumers. Alongside, you also build your brand name, more business and greater revenue.
Benefits of Learning Logistics Management
Now, we know the importance of logistics management in the growth and success of any business. However, to gain all these valuable profits, businesses need certified and skilled professionals. With a course in logistics management, you have the edge over your counterparts and added advantages of in-depth knowledge and practical training. A post-graduate course in logistics offers several benefits, such as
Makes you Eligible for a World of Challenging Jobs
With countless businesses, industries and organizations depending upon logistics, a management course in this field makes you qualified for the global job market. Your certification will make you work in the dynamic arena, face challenging situations, and perform rewarding duties. You will be in your office one day, and another day you will be travelling overseas to meet clients or review supply chains and work in dynamic areas. Working in changing atmosphere and with diverse professionals from all across the world may also generate new opportunities.
Trains you in Skills Beneficial for Your Company
With a certification course in logistics management, you will get in-depth and practical knowledge about the basic concepts and latest strategies. You will gain the skills that will help in the company’s sales and revenues. You will gain the expertise for the responsibilities that lie ahead.
Introduce you to New Technologies
Businesses implement new technologies in their supply chain to reduce the cost involved and time of delivery. Studying logistics management enables you to work around these latest technologies. You will be at the forefront of implementing the best technologies to achieve the goals of your business.
Lets you Deal With People of Different Fields
Logistics management professionals handle various departments from shipping, distribution, production, warehousing to delivery. It also makes them deal with clients and other partners. Your job is to set up effective communication and collaboration between diverse departments and stay updated in the ever-changing business environment.
Offers Plenty of Job Opportunities
The logistics industry needs certified and skilled professionals for different roles. You might work in an analytical field and assess or plan the smooth flow in supply chains. Or, you may work in the areas of the procurement and administration of goods and supply chains or control distribution networks. Logistics management offers diverse opportunities. However, you need to have various skills and deep knowledge of the fundamentals of concepts, which you can easily have with one online course.
Helps in Career Progression
Although logistics management jobs are open for all graduates, only a certification course can make you qualify for the most lucrative openings. Top-notch MNCs and even start-ups seek postgraduates with specific qualifications in logistics management. With a specialized course in logistics management, you may enter the world of high-paying jobs. Several postgraduate degrees and diploma courses in logistics are available in India and abroad to choose from according to your area of interest and expertise.
As per the U.S. Department of Labour, the median salary for logistics directors/managers was $112,000 for early 2020. Alternatively, Indeed.com says the average salary for a logistics manager is £39,838 per annum in the United Kingdom. And, with higher levels of experience and education, you can earn even more across the supply chain industry.
What Skills Do You Need?
If you can work in challenging situations without losing your calm and desire to learn new trends and technologies, you are apt for this field. Other skills required are negotiation, analytics, simulation, teamwork, modelling, and forecasting. However, the exact prerequisite depends on the type of certification course you are interested in.
What Careers are on Offer?
With a specialized certification course in the logistics management field, you qualify for careers in:
- supply chain design and planning
- inventory management and control
- procurement and supply management
- warehouse design and management
- freight transportation
- distribution network design and planning
And, the roles include logistics and distribution managers, purchasing managers, or warehouse managers.
Conclusion
Logistics management is planning a framework to effectively and efficiently move resources and products from inception to production and, finally, to the customer. The major goal behind this is to meet customer satisfaction and generate greater revenue. You can enrol in a management certification courses and achieve new heights in your career graph. Pursuing a career in logistics is not only rewarding but can make you a better performer in the global job market.
References:
https://www.amco-group.co.uk/why-is-logistics-management-important/
https://www.bioenergyconsult.com/studying-supply-chain-and-logistics-management/
https://www.projectmanager.com/blog/logistics-management-101
