What are the standard logistics operational characteristics of a consumer product company?
Logistics costs reduction, improvement of inventory, and the availability and maintaining optimal service levels are some of the characteristics in standard logistics operations (Gudehus & Kotzab, 2012). Logistics costs management is an essential element in operations of a standard logistics company. Costs determine company efficiencies and earnings. A reduction in logistics cost increases efficiencies and a company’s profit earnings as well as ensuring customer satisfaction. Improving availability of inventory ensures that logistics processes are done in a timely and cost-effective manner. On the other hand, the maintenance of optimal service level ensures that the costs of products are reduced ...