Logistic Strategy of unit 2 it is of mba

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1. Unit 1
Logistics Strategy
MBA (Sem-03)
Session 2024-2025
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2. In the contemporary world, developing a robust logistics
strategy is essential to provide value to organizations.
A logistics strategic plan is a framework that helps in
planning, implementing, and controlling supply chain
management.
It will help you to coordinate plans, goals, and policies to
ensure cost reduction and improve efficiency.
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3. Implementing a logistics strategy is essential to ensure the high
performance of the supply chain.
 It can help you to analyze and identify the necessary
organizational or functional changes which can be made for the
growth of your business.
In conclusion, you can deliver the right products to the right
customers at the right time to enhance your customer’s experience.
Nowadays, the companies should be more flexible and adapt to the
changes with a logistics planning and strategy in place as it has the
ability to significantly improve the service levels. Determining the
company’s objectives and structural issues are key components for
developing a successful logistics strategy.
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4. Components of Effective Logistics
Strategy
 
KPI Tracking
Tracking KPIs is essential for every industry. Tracking delivery
time, inventory, order accuracy, costs gives valuable data that can be
used to plan a robust strategy.
Automation
Automation in logistics is key to ensure a sustainable business
growth. Using latest logistics automation technology such as robotics
and telematics is needed for dealing with any major disruptions.
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5. Scaling
Scaling needed to be considered before planning any long-term
logistics strategy. The industry is highly affected by continuously
evolving trends. A strategy that ease-up the scaling of the supply
chain can save valuable resources.
Customer Satisfaction
When it comes to gaining an advantage over your competitors,
you need to center your strategy around customer experience.
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6. Right Information
Access to the right information at right time enables the
decision-makers to take the right step that is necessary. Real-time
data access is important in logistics due to the dynamic business
nature.
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7. Tips For Creating an Effective
Logistics Strategy
Embrace digital technologies
Manufacturers can develop a logistics plan that connects them to
suppliers, partners, and businesses no matter where they are located
with the help of new-age digital technologies. Likewise, digital
transformation can lead to growth, innovation, and sustainability.
Identify your business KPI
When you are structuring the logistics strategy it is essential to
identify the company’s overall long-term performance. By
analyzing the key performance indicators (KPI) you can determine
your goals and objectives. Therefore, you can also observe how
your logistics strategy is performing. It is an important element to
support your business effectively.
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8. Integrate configurable solutions
It is always advisable to implement the out-of-the-box solution
that can be configured fully.
For instance, this allows the organization to easily personalize
certain aspects as per the needs of the supply chain.
You can choose the best fleet management software to manage
and organize your fleets.
When your logistics strategy incorporates the changes and
updates it. This eventually helps the company to stay ahead of the
competitors.
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9. Collaborative logistics
Collaborative rapport across the supply chain is necessary to
improve efficiency and visibility.
Now, supply chain members are not solely concerned with their
performance as they are working together with competitors and
stakeholders to enhance the overall logistics operations.
Collaboration in logistics is one of the best strategic initiatives to
develop a roadmap for perpetual growth.
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10. Focus on customer satisfaction
Enhancing your customer experience should be the foremost
priority.
Providing your customer with real-time data and information is
important for the logistics companies that are seeking a
competitive advantage.
As a result, identifying every customer service-related aspect is
useful to build an effective logistics strategy for the organization.
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11. Choose the right warehouse management system
A successful logistics strategy should be able to process the
data quickly and coordinate movements within the warehouse.
However, determining the warehouse management system which
will work best for you.
It can lead to significant business benefits.
The scalable and flexible warehouse model can work wonders
for your business.
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12. Use Accurate Data
Accurate data is necessary to make informed and cost-effective
decisions. Implementing automation in logistics is the best way
to improve data accuracy. Therefore, there is no doubt in saying
that the chances of human error are inevitable so using new-age
technologies is the best way to eliminate those errors. It can help
to meet the company’s objectives and strategies.
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13. Promote transparency
Improving supply chain transparency to track production,
orders, and product shipments is essential to enhance the supply
chain visibility at every corner.
In addition, there is an impending need for transparency and
traceability for the smooth functioning of the operations.
Also, providing all the essential data to the customers can set
you apart from the competitors. For instance, installing a
vehicle tracking system can be extremely beneficial for
businesses.
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