Understanding Logistics Management: Definition, Key Functions, Examples, and Strategies | AIMS Education

Discover logistics meaning, definition, key functions, and strategies that power efficient supply chains worldwide. Logistics meaning goes far beyond moving goods—it’s the backbone of modern supply chain management. This lecture breaks down logistics definition, core functions, and practical strategies that enable companies to deliver value efficiently. You’ll learn how logistics integrates with supply chain management, ensuring the right product reaches the right place, at the right time, and cost. We cover the seven R’s of logistics, essential logistics functions such as transportation, warehousing, and reverse logistics, as well as strategic approaches like substituting information for inventory and reducing supply chain partners. By understanding these concepts, learners and professionals can: • Build responsive and lean logistics systems. • Balance customer service quality with cost efficiency. • Apply real-world logistics strategies to global operations. • Strengthen competitive advantage through smarter supply chains. Whether you’re new to the field or upskilling, this comprehensive overview answers critical questions like what is logistics management and how logistics functions create value. Watch the full lecture to master key logistics principles used by leading organisations worldwide. Chapters: 00:00 Introduction to Logistics Meaning 00:15 Logistics and Supply Chain Management Explained 00:48 The Seven R’s of Logistics 01:12 Key Functions of Logistics Management 02:41 Logistics Value Proposition and Cost Efficiency 03:02 Goals and Strategies in Logistics 04:05 Substituting Information for Inventory 05:42 Advanced Inventory Substitution Tactics 06:57 Reducing Supply Chain Partners for Efficiency 07:42 Pooling Risks in Logistics 08:01 Flow of Goods and Information #Logistics #LogisticsManagement #SupplyChainManagement #LogisticsDefinition #DefineLogistics #WhatIsLogistics #LogisticsMeaningWithExample #SevenRsOfLogistics #ReverseLogistics #LogisticsStrategy #AIMSEducation #LogisticsFunctions #SupplyChainStrategy #Warehousing #Transportation Master logistics fundamentals and strategies with this full lecture. Explore detailed study notes and resources at 👉 https://aims.education/study-online/what-is-logistics-management/ For more lectures and study notes on Supply Chain Management from AIMS’ Institute of Supply Chain Management, please visit: https://aims.education/supply-chain-management-notes/ This lecture is a part of educational programs offered by AIMS Education’s Institute of Supply Chain Management: https://aims.education/supply-chain-academy/ AIMS’ Institute of Supply Chain Management offers the following internationally accredited and globally recognised programs: Certified Supply and Logistics Professional (CSLP): https://aims.education/logistics-certification-courses/ Certified Supply Chain Expert (CSCE): https://aims.education/supply-chain-management-certification-courses/ Master Diploma in Supply Chain Management (MDSCM): https://aims.education/supply-chain-management-diploma/ MBA in Supply Chain Management: https://aims.education/mba-supply-chain-management-degree/ PhD in Supply Chain Management: https://aims.education/phd-in-supply-chain-management/ AIMS Education’s Social Profiles: LinkedIn: https://www.linkedin.com/company/aimseducationonline/ Facebook: https://www.facebook.com/aimseducationofficial/ Twitter (X): https://twitter.com/educationaims/ Instagram: https://www.instagram.com/aimsukeducation/ Pinterest: https://www.pinterest.co.uk/educationaims/