Logistics Statistics: A Hepful Tool For Studying The Organization’s Position

Logistics statistics are integral to achievement of the goals of the logistics enterprise. Logistics refers to various functions associated with the organizational disciplines of planning, managing and controlling the flow of goods and services, people and related information. It includes all the steps that are required to achieve the timely delivery of a product, goods or services from the point of origin to the point of destination.

Statistics is considered to be a mathematical science which pertains to the collection, interpretation, analysis and the presentation of data collected from various sources for the purpose of ascertaining several conclusions. The methods involved can be used for the purpose of summarizing or describing a collection of data. Business statistics, on the other hand, has been described as the science of positive decision-making in the possible face of uncertainty and is widely applicable in several fields of management such as financial analysis, production, operations, customer service, marketing research and auditing. This helps a business to draw some financial conclusions which can be of importance to the future growth and developmental needs of the organization.

The numerous tasks performed by logistics can be sub-grouped into several parts to easily identify the role and needs of each part individually.

Planning and Statistics- Planning is an integral part of an organization and the logistics manager needs to plan effectively to ensure that the logistics system run in accordance with the predefined business goals of the organization. Statistics are necessary for accurate logistics analysis, using the previous data to arrive at the necessary conclusions for effective planning. The functions include planning volume for transportation routes, defining transportation routes for different modes (air, land or sea), controlling the fright costs and assessment of carrier performance. All these functions can be better achieved by receiving a comparison of predefined and actual data through statistical analysis and itemization of resources according to the concerned business regions and areas.

Purchasing and Statistics- Purchasing is also an important task for the organization and the logistics managers and executives must ensure that the delivery of the purchased items is done in accordance with the actual needs, management decisions and prevalent laws of the land. Statistics can be beneficial in analyzing and interpreting the previous data and make the necessary conclusions regarding purchasing trends, market value and delivery costs.

Inland Logistics- The role of a logistics manager or executive also extends to monitoring of shipments of the organization and complete calculation for the mode of transportation. This can be better achieved with significantly lowering the level of manual work and shipping costs.

Maintenance and Handling of the modes of transportation- The logistics manager or executive is also responsible for ensuring that all the modes of transportation carrying goods or people are in a safe and working condition. They are responsible for negotiations with vendors, courier companies and carriers for timely supply of vehicles, delivery of shipments and also tracking the geographical location of the shipment/consignment. Logistics statistics can be helpful here with analyzing the previous data and reaching the necessary conclusions to gain insight about depreciation, developmental and market trends.

Overall, logistics statistics can be be very useful in ascertaining the position of an organization in addition to allowing an insight into the field of logistics. They can be of importance to the business as the presentation of data in the form of tables or figures can make the study of development easier and plans and policies can be drafted to further advance development of logistics systems.