Logistics Activities, Concept And Technology

2. As the economy grows bigger, the absolute cost of logistics will increase. This means the logistics costs increases as more goods and services are produced. If we divide the GDP by logistics costs, we would get a percentage of logistics cost. The decreased of logistics cost over the years, due to the improvement in the logistics systems, resulted in growth in the U.S. economy. Accordingly, as the absolute increased, the relative cost of logistics decreased. With reduced cost, companies were able to perform better in income statements and become more competitive in global market.

1. It did not surprise me that logistics has an important impact on the economy because logistics is one of the biggest causes for globalization. Logistics is the movement and management of goods and that is what keeps countries involved with one another.

Logistics is planning and executing of the movement and support of forces. When examining logistics I have to draw from my most

2. (p. 463) Logistics is the activity that controls the transmission of physical materials through the value chain, from procurement through production and into distribution.

In today’s world, competence is taking on new dimensions. The ability to compete is being determined by the degree of responsiveness to customers & key issues handling. How fast you deliver the goods/ products, what the price paid by customers & what value customer is getting throughout the service is considered in a schematic & ordered way. Markets are quick demanding & customization of each logistics activities is essential for each customer, & has become the essential factor in logistics management.

Organization (company infrastructure), Human Resources, Technology and Purchasing, supported the primary activities and ensure the effectiveness and efficiency of those activities.

Transportation is a key element in the logistic chain. It joins together those components that are considered to be separated. In order for transportation and logistics to work together successfully, there must be good management between them. It plays a

Logistics is the administration which synchronizes such giving activities as acquirement, processing, bargains, and dissemination with requests. It plans to upgrade corporate aggressiveness and increment corporate esteem by acknowledging satisfaction of clients' fulfillment, reduction of unfruitful stock and minimization of its exchange, and decrease of supply expenses.

Logistics structure orchestrating joins strategizing the surge of materials or things starting with one point then onto the accompanying. An unremarkable logistic structure outline tries to set up supply, warehousing other than the scattering of advancement base. Further, the logistic structure sorting out logistics costs paying little respect to allowing the required level of versatility to meet the affiliation necessities. In portraying an immaculate logistic framework including one and just arrangement focus, changes steps which join surveying, gathering data, showing the association and disengaging it and completing the logistics structure course of action are taken. By applying the right procedures, exact data and information are relied on to pick these steps.

Logistics is considered as an operational process which includes activities such as storing, transporting and distribution of physical goods. E- Commerce has made a big change in logistics and distribution processes. Due to introduction of online purchases, way of handling materials have also been changed. Online retail industry is being expanded year to year. According to Goldman Sachs, Online Sales will reach $750B mark by 2016 with annual growth rate of 20%.

Logistics is considered as an operational process which includes activities such as storing, transporting and distribution of physical goods. E- Commerce has made a big change in logistics and distribution processes. Due to introduction of online purchases, way of handling materials have also been changed. Online retail industry is being expanded year to year. According to Goldman Sachs, Online Sales will reach $750B mark by 2016 with annual growth rate of 20%.

Since logistics progressed from 1950s, there were various scrutinizes centered on this zone in distinctive applications. Because of the pattern of nationalization and globalization in late decades, the criticalness of logistics administration has been becoming in different regions. For commercial enterprises, logistics serves to advance the current generation and dissemination courses of action focused around the same assets through administration strategies for advancing the effectiveness and aggressiveness of undertakings. The key component in a logistics chain is transportation framework, which joints the divided exercises.

Definition of logistics: Logistics is the process of planning, implementing and controlling the efficient, effective flow and storage of raw materials, in-process inventory, finished goods, services and related information from point of origin to point of consumption for the purpose of conforming to customer requirements

The primary aim of logistics is to co-ordinate the transportation, storage and handling of products as they move from the source of raw materials, through the manufacturing system to their final point of sale in a way that it meets customer requirements at minimum cost. In the past this cost has been defined in purely monetary terms. Recently the world has witnessed an increasing awareness about environmental and sustainability issues. This growing concern for the environment has a created pressure on companies to reduce their negative environmental impact. As defined by ISO14001, the environmental impact is “a modification of the environment, negative or beneficial, resulting wholly or partially from environmental aspects of an organization “. Since the transportation of goods leads to air and noise pollution, leads to fatal accidents sometimes and has significant impact on global warming, firms have been trying to render their supply chains and logistics operations more environmental friendly. That this why many Green logistics strategies have been devised in order to achieve an efficient and environmentally friendly distribution and transportation system.

• Logistics concerns itself with the movement of the physical flow which begins with the source of supply and ends at the point of consumption. • Logistics is also concerned with: