Retail logistics 39
The principles behind logistics and SCM are not new. Managing elements of the supply chain has been encapsulated within organisations for centuries. Decisions such as where to hold stock, in what quantities and how it is distributed have been part of the ‘trade-off’ analysis that is at the heart of logistics management. It is only in the last 10-15 years, however, that logistics had achieved prominence in companies’ boardrooms primarily because of the impact which the application of supply chain techniques can have on a company’s competitive position and profitability. Retailers have been in the forefront of applying best practice principles to their businesses with UK grocery retailers being acknowledged as innovators in logistics management.