Logistics is generally the detailed organization and implementation of a complex operation. Logistics is utilized all the more comprehensively for the process of organizing and moving goods such as individuals, materials, stock, and hardware from one place to another.
Logistics is the part of supply chain management that plans, implements, and controls the efficient, effective forward, and reverse flow and storage of goods, services, and related information between the point of origin and the point of consumption in order to meet customer’s requirements.
Logistics refers to what happens within one company, including the purchase and delivery of raw materials, packaging, shipment, and transportation of goods to distributors, for example. While supply chain management refers to a larger network of outside organizations that work together to deliver products to customers, including vendors, transportation providers, call centers, warehouse providers, and others.
IGLogistics has a lot of experts who handle our logistics to the most ideal way it tends to be. The essential component of logistics is to guarantee the conveyance from one place to another.
Components of Logistics
- Inbound & Outbound transportation
- Fleet management
- Materials handling
- Order fulfillment
- Inventory management
- Demand planning
Importance of Logistics
Organizations work hard on design, production, and manufacturing of products just to satisfy customer’s needs. And if these products do not reach the customers in time then the business might fail.
Therefore Logistics plays an important role in the business.