Logistics involves many factors and one is the transfer of goods from one place to another. It is handling goods physically. It includes moving goods on sea, air and rail. Logistics also includes disposal of waste, purchasing of items, and plant location among others. For logistics to be a success it requires efficient forecasting, management and planning, and so on. In short, logistics ensures that items reach their destination at the right time, accurately and properly. Companies are time-sensitive when it comes to receiving their merchandise and this is why logistics should be supportive of this need. Usually, firms use 10-35% of their income on logistics. This emphasizes the importance of logistics to businesses. Intense competition, globalization and the free nature of markets has prompted companies to deliver merchandise with time precision.
Time is normally a scarce resource for the completion of companies projects. … Read the rest