THE LOGISTICS COST MANAGEMENT

Abstract

     Logistics cost management is the process of cost control of logistics activities from upstream to downstream. Planning, forecasting, procuring, producing, moving, storing, collecting, transporting, distributing for both inbound and outbound, both inside and outside to meet international standards, reduce costs, increase capacity to meet customer needs, increase security and reliability in the delivery of goods and services. Efficient logistics cost management will help operators to reduce transportation costs, resulting in a lower cost of goods and services and also bring the ability to compete and increase profits.