Logistics and E- Logistics Management: Benefits and Challenges

Logistics Management is an effective system for the companies to deliver the products to the customers at the exact place where they demands at right time with right cost. Logistics management comprises the planning, implementation and control of the flow of raw materials and finished goods from the suppliers to the customers. This study is conducted to understand the conception of logistics and its significance. This study is to show the main functions of the logistics, aim, tactics and its various components. Nowadays most of the major companies are enforced to lessen their business expenditures because of the globalization and the companies are finding ways to reduce the costs without affecting the productivity. This made them to practice a new management tactics like Supply chain management and e-logistics. E-logistics provides the idea of logistics business into the modern world through the internet and completely changes the concept of simple logistics into e-logistics. E-logistics is the most modern technology in the field of logistics which brings the whole business world into a small online eworld. This novel set of communication with better computing and collective skills changes the new logistics into a customer oriented technology by data sharing, providing information and exact statistics with the supply chain customers. E-logistics helps in managing the new challenges in the supply chain field. The main components of the e-logistics are multi-channel operations, cross-border tasks, warehouse plan and inventory, planning, estimating and performance management. This study targets to understand the main benefits and the new tasks between logistics and e-logistics.