Institutional Affiliation TLM & Economy Research Assignment

TLM & Economy
Names
Institutional affiliation TLM & Economy
Logistics management can be described as the governance of supply chain functions. They include inbound and outbound, internal and external movements. Transportation and logistic management pertains the flow of goods from the supplier to the retailer (Walters, 2013). It is important to note that the retailer industry contributes a lot to the economy of a country. Large retailers deal with enormous amounts of goods and need to plan the movement of their products until they reach the intended destination. The retailers are more concerned with making the products available in the market. The elements of logistics costs are very high and if not properly monitored can be relatively large. Transportation affects the price of the goods in the market. This is because the cost of transport is relatively high in some cases. In the event of such incidences, the supplier may be forced to leave the transportation cost to the retailer. This directly affects the consumer in that the prices of products will go up as the retailer is looking for compensation for the f...