Logistics analysis has been viewed as an important element in the corporate strategy of many organizations. Logistics refers to a process that is associated with flow of information, goods, and services offered to suppliers and customers from the point of origin to the point of destination. It is commonly the complete process that starts from raw materials to the final disposal or sale of the finished goods.
An effective and efficient logistics system is created to meet the requirements of the customers for timely responsiveness, quality and creating value for products and services.
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Collaborative logistics is said to be achieved when two or more organizations enter into a partnership for the purpose of optimization of operations related to logistics by sharing of equipment, vehicles, information or carriers to reduce the costs and overcome situations when the carrier that transports their shipment is almost empty or at less-than-usual capacity. It is also beneficial for controlling inventories and thereby eliminating stock-outs that are likely to impact customer service.
Modern day collaborative logistics are powered by state-of-the-art advanced electronic media and software systems which help organizations with the expansion of these networks on a big scale. This is believed to be the best of both worlds as there is a flow of information, resources, service providers and saving of money.
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The logistics market has expanded markedly in recent years. The reduction of trade barriers, both on the domestic as well as international front, has led to a rapid growth of logistics throughout the world. Items such as Swiss cheese, Chinese electronics and Italian fashion goods that were earlier limited only to the place of manufacture have now crossed geographical boundaries to take their place in the international market. This has indeed globalized the area of operations and has benefited several economies.
How is that made possible? Obviously, apart from favorable governmental policies, it is the growth of logistics that has made all this possible. The boundaries have been minimized due to advances in the modes of transportation. Logistics not only deals with delivery of goods at the right time, for a right price, and in the right condition, but also has extended its role in globalizing the sphere of products and services.
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A proper logistics transport system will benefit any business, regardless of size. In the current scenario of serious competition in the global business environment, an effective and efficient logistical system is a must for providing and delivering quality products to the point of destination. The organization must be vigilant enough to eliminate any inefficiencies and improve their operational performance on a regular basis.
What are the available ways of acquiring transportation? There are three possible ways of acquiring transportation, namely: 1. Purchase the vehicles for transportation. 2. Lease or hire the vehicles. 3. Use a distributor or a courier company for movement of goods.
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