Logistics
Logistics refers to the overall process of managing how resources are acquired, stored, and transported to their final destination. Logistics management involves identifying prospective distributors and suppliers and determining their effectiveness and accessibility. Logistics managers are referred to as logisticians.
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Main role of Logistics:
The roles of logistics feature transportation/delivery, storage, packaging, cargo handling, distribution processing, and information processing, and many systems have been put in place to deliver products from the production location or factory to the consumer quickly and on time.
Major Importance of Logistics:
- Logistics creates an environment that promotes business results.
- Logistics contributes to increasing the value of a firm.
- Logistics assists you in getting your goods to the right location at the right time.
- Logistics contributes to cost reduction and efficiency improvement.