All About Logistics
Logistics is the process of planning, implementing and controlling the efficient flow and storage of raw materials. Maintaining inventory, finished goods and ensuring good services are part of logistics process. Satisfying customers’ requirements is the main objective of logistics. The whole concept of Logistics is based on the following elements:
• Proper Place
• Right Time
• Adequate Quantity
• Complete Adherence to Quality
• Right Price
• Right Condition
• Right Customer
Third party logistics is the activity of outsourcing activities related to logistics and distribution. It includes logistics solution providers and the shippers. Companies prefer third party logistics because of core competence, resource constraints, cost saving, global coverage and efficient management of inventory. There is also a fourth party logistics that assembles and manages the resources, capabilities and technology to deliver a comprehensive supply chain solution to the client.
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