Logistics Network Planning
Logistics network planning (LNP) is a strategic method that helps determine the best way to design, produce, and provide products and services to customers at a desired level while maintaining a certain profitability threshold. This scientific method considers all building, transport, inventory, warehousing, and location costs and trade-offs necessary to meet established objectives.
What Small and Midsize Businesses Need to Know About Logistics Network Planning
LNP can help businesses provide the best customer service at the lowest cost in terms of all building, transport, inventory, and location. Logistics network planning is required each time a company launches a new product.
Related terms
- Procurement
- Bill of Materials (BOM)
- Advanced Driver Assistance Systems (ADAS)
- Smart Factory
- Strategic Sourcing
- Value-Added Reseller (VAR)
- Telematics
- Supply Chain
- Vendor
- Enterprise Resource Planning (ERP)
- Supply Chain Planning (SCP)
- Scanner
- SCADA (Supervisory Control and Data Acquisition)
- Total Quality Management (TQM)
- Vendor Management
- Senpai
- Radio-frequency Identification (RFID)
- Loopback
- Total Cost of Ownership (TCO)
- Electro Mobility (e-Mobility)
