Logistics and supply chain management is an essential function and
component in business today. Without this, no manufacturing, market or
any kind of project execution can be successful. Logistics support is a
must for all important business operations.. Most companies incur 10 to
35 percent of their gross sales on Logistic expenses. However, the
exact amount depends on the business type, geography and value/weight
ratio.
However, the term logistics and supply chain management is a new one, but the operation is not. Logistics has been in use since the start of business operations. There were finished products and raw materials that have to be transferred from one place to the other, even if it was on a small scale. The entire process underwent a transformation, with the developments that took place in transportation. There was also a shift in the population from the rural to the urban areas. Business centers came into existence and flourished. Read More
However, the term logistics and supply chain management is a new one, but the operation is not. Logistics has been in use since the start of business operations. There were finished products and raw materials that have to be transferred from one place to the other, even if it was on a small scale. The entire process underwent a transformation, with the developments that took place in transportation. There was also a shift in the population from the rural to the urban areas. Business centers came into existence and flourished. Read More
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