Logistics vs. Supply Chain Management
The supply chain includes all the processes needed to bridge the gap between consumer needs and the delivery of finished goods. Logistics is that part of the supply chain which deals with moving and storing products, materials, information and services. The supply chain extends beyond logistics to product development, purchasing and sourcing, and manufacturing.
Processes Within Logistics Management
The supply chain includes four primary areas of logistics management. Management of supply stages and logistics refers to purchasing, supplying, and transporting materials required for a product or service. Movement of material and distribution involves managing inventory by keeping track of available resources and sending materials from the warehouse to the commercial store or customer. Logistics of production is in charge of sourcing the suitable materials to produce a product or service. An apt illustration of reverse logistics is retrieving the product from a dissatisfied customer and returning it to the manufacturer or seller.
How Can Logistics Be Improved?
Use software to track inventory and shipments to ensure products are in stock and delivered on time. Streamline the shipping process by using smaller packaging to save shipping costs and shipping items directly to the customers. Train your team on handling and shipping products properly so they reach their destination safely.
Current Scenario
The employment outlook of a particular profession may be impacted by diverse factors, such as the time of year, location, employment turnover, occupational growth, occupation size, and industry-specific trends and events that affect overall employment.
Skilled Logistics Managers can expect decent job growth in the coming years with projected opportunities and salary increases as the e-commerce and trading industries grow globally.
Potential Pros & Cons of Freelancing vs Full-Time Employment
Freelancing Logistics Managers have more flexible work schedules and locations. They fully own the business and can select their projects and clients. However, they experience inconsistent work and cash flow, which means more responsibility, effort and risk.
On the other hand, full-time Logistics Managers have company-sponsored health benefits, insurance and retirement plans. They have job security with a fixed, reliable source of income and guidance from their bosses. Yet, they may experience boredom due to a lack of flexibility, ownership and variety.
When deciding between freelancing or being a full-time employee, consider the pros and cons to see what works best for you.