BUSINESS LOGISTICS AND ITS IMPORTANCE IN COMPANY´S COMPETITIVENESS

Abstract

This paper focuses on business logistics, its importance and areas of solution. Nowadays, businesses are forced to increase efficiency and to optimize their processes because of high competition and demanding customers. Business logistics plays a key role here. The primary objective of business logistics is to ensure optimal material, information and value flow in the company's transformation process. Business logistics is essential for securing products or services from supplier to consumer because it includes everything from acquisition from wholesalers and suppliers to manufacturing, storage and delivery to customers. Company´s owner should have a strong knowledge of its logistics systems to ensure maximization of profits and to be able to give customers the most positive experience possible. There is a need to constantly monitor the functioning of individual supply chain articles because the occurrence of an error can affect the entire chain and the product or service may not reach its customer in the required time, quality, quantity and at the optimal cost. It all depends on responsible employees and owners, as they perfectly know the logistics processes and can detect the waste and inefficiency in them. In this paper, the authors will provide the results of the research that has been realized in the Slovak manufacturing company and the authors will point out how the specific solution in business logistics can save the company's costs, which of course also affects the profit. In future research, the authors will deal with the use of individual methods to optimize logistics flows and processes in the same company. Successful business logistics provide a competitive edge against other organizations and customer needs can be fulfilled in a more efficient manner. For all of this reasons, the authors think it is very important to deal with business logistics at present and it is very actual topic.