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The Impact of Logistics Management Practices on Company’s Performance

Author

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  • Natasha Ristovska
  • Sasho Kozuharov
  • Vladimir Petkovski

Abstract

Successful companies practice supply chain management and logistics management to reduce costs, increase their competitiveness and enhance operational efficiency. The logistics in modern business conditions coordinates and integrates the movement of materials and products from physical, organizational and information aspect. This research aims to analyze the impact of company’s logistics management including transportation, warehousing, packaging, inventory and information management to the efficiency and effectiveness. Reducing cost of each logistics activity influences the total amount of costs and enhances company’s performance. This paper determines and defines the logistics activities that are of key importance to the company’s success. The empirical research is conducted on a sample of eighty examinees from eighty different companies in the Republic of Macedonia. The general hypothesis is fully validated and proven by the survey results. Adequate inventory, storage, warehousing, transport and information management are key targets for logistics managers in order to reduce the overall costs of the company. Findings include the confirmation of the necessity of logistics managers to optimally manage all logistics activities in order to gain increased business efficiency, customer satisfaction and competitiveness.

Suggested Citation

  • Natasha Ristovska & Sasho Kozuharov & Vladimir Petkovski, 2017. "The Impact of Logistics Management Practices on Company’s Performance," International Journal of Academic Research in Accounting, Finance and Management Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences, vol. 7(1), pages 245-252, January.
    • Handle: RePEc:hur:ijaraf:v:7:y:2017:i:1:p:245-252
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    References listed on IDEAS

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    2. Habib-ur-Rehman Makhdoom & Adeel Anjum & M. Tayyab Kashif & Waqas Riaz, 2016. "Supply Chain Integration and Operational Performance: Moderating role of Organizational Culture," International Journal of Academic Research in Business and Social Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Business and Social Sciences, vol. 6(12), pages 644-657, December.
    3. Ebrahim Karimi & Mahmoud Rafiee, 2014. "Analyzing the Impact of Supply Chain Management Practices on Organizational Performance through Competitive Priorities (Case Study: Iran Pumps Company)," International Journal of Academic Research in Accounting, Finance and Management Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences, vol. 4(1), pages 1-15, January.
    4. Mark Kemboi Kanda & Mike Amuhaya Iravo, 2015. "Access Factors Affecting Supply Chain Efficiency of Medical Supplies in public Health Centres in kenya: A Case Study of Public Health Centres in Elgeyo Marakwet Count," International Journal of Academic Research in Accounting, Finance and Management Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences, vol. 5(2), pages 32-41, April.
    5. Gatobu H. Francis & Esther Waiganjo, 2014. "Role of Supply Chain Practices on Customer Satisfaction in the Printing Industry in Kenya: A Case Study of Morven Kester East Africa Limited," International Journal of Academic Research in Business and Social Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Business and Social Sciences, vol. 4(10), pages 128-143, October.
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    Cited by:

    1. Rita Bužinskienė & Vera Gelashvili, 2024. "The Economic and Financial Health of Lithuanian Logistics Companies," Risks, MDPI, vol. 12(6), pages 1-19, June.

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