Logistics Management and Risk Management

Logistics Management and Risk Management

Kijpokin Kasemsap (Suan Sunandha Rajabhat University, Thailand)
DOI: 10.4018/978-1-5225-3468-6.ch006

Abstract

Logistics management is an important part of supply chain management and deals with the movement and storage of products and services in order to meet customer demands. Risk management is the business growth strategy that can help executives handle any crisis within company toward achieving improved business planning, reduced costs, and enhanced organizational reliability. The chapter argues that applying logistics management and risk management has the potential to enhance operational performance and gain sustainable competitive advantage in global operations.
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Background

During the 1980's, Bowersox and Daugherty (1987) presented a logistics typology which postulated three dimensions of logistics strategy, including process, market, and information (McGinnis, Kohn, & Spillan, 2010). A core element of logistics management is logistics planning, which substitutes for low customer service levels, high waste, and the utilization of buffers in the execution of logistics activities (Aas & Wallace, 2012). In order to conduct logistic planning, it is necessary to have access to the relevant logistics information and a capability to transform this information into an intelligent plan (Aas & Wallace, 2012). In addition to cost savings, logistics plays an important role in improving customer service and helping companies gain competitive advantage (Xiaomin & Yi, 2017).

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