Managed Services - The Waggon Freight Dictionary

Managed logistics services refer to a third-party provider’s comprehensive oversight and management of a company’s supply chain operations.

These services include transportation management, warehousing, inventory control, order fulfillment, and freight forwarding.

The goal of managed logistics is to optimize the supply chain’s efficiency, reliability, and cost-effectiveness, allowing businesses to focus on their core activities.

In contrast, the logistics provider handles the complexities of shipping and distribution.

This can include integrating advanced technology solutions, managing carrier relationships, and providing detailed analytics to ensure timely delivery and operational excellence.

Logistics management services encompass the detailed coordination and administration of various activities involved in procuring, handling, transporting, and storing goods.

These services aim to ensure efficient and effective supply chain management from the point of origin to the point of consumption.

Key aspects include transportation management, inventory control, warehousing, material handling, order fulfillment, logistics network design, and supply chain management.

By optimizing these elements, logistics management services help businesses reduce costs, improve customer satisfaction, and increase operational efficiency.

These services make things run smoother so we can cut costs and earn more.

It plays an integral role in supply chain management.

A logistics management company manages moving goods from start to finish in supply chains.

This means planning and running the transport and storage of products efficiently.

Logistics management companies also bring raw materials to the places where items are made and send completed goods to people or stores.

Waggon ensures items move smoothly from makers to warehouses to their final stops.

Our work helps products get to customers quickly, making them happy with their purchases.

Using our know-how in transportation management software (TMS) and logistics software, we track shipments in real-time.

This allows businesses like yours to make smart choices quickly.

We handle the tough parts of logistics so you can concentrate on your main business tasks without stressing over shipping details worldwide.

An example of logistics management is the process used by a large online retailer to manage its vast inventory and ensure timely deliveries worldwide.

This involves several key steps:

1. Inventory Management: The retailer uses sophisticated software to track stock levels in real-time across multiple warehouses globally, predicting demand using historical data and AI algorithms.
2. Order Fulfillment: When a customer orders, the system automatically identifies the closest warehouse with the item in stock to minimize shipping time and costs.
3. Transportation Management: The retailer coordinates shipping methods, including ground, air, and sea freight, to optimize delivery times. This might involve integrating services from multiple logistics companies or using their transportation fleet.
4. Warehousing: Strategic placement of fulfillment centers near major urban areas allows for faster processing and delivery, often enabling same-day or next-day delivery.
5. Customer Service and Returns: The system is integrated with customer service platforms that handle inquiries and returns efficiently, ensuring a smooth post-purchase experience for customers.

Logistics management means planning and running the flow of goods from the factory to a customer’s doorstep.

We pick trucks, manage warehouse storage, and ensure on-time delivery.

Plus, we choose cost-effective routes and transport methods to adhere to schedules.

We rely on logistics management software and adhere to best practices for supply chain planning.

This allows us to track shipments in real-time, control inventory levels, and boost overall efficiency.

For businesses that ship goods, this translates into faster and more reliable product deliveries to the market.