Third Party (3PL) Logistics in India

Introduction:

What is logistics? It is management process of the movement of resources it can be either raw material or finish goods between source of consumption and the end user i.e. customer, organization to meet requirements. There are various definitions in the literature or in the business world; the most suitable definition is the overall relationship between supply, material management and the distribution (Rushton A. ). This logistics concerned with physical as well as information flows, not only that it use in the storage form the raw material to final distribution of the finish good. In the logistics process physical items frequently involves the combination of material handling and the material flow, production, information flow, inventory management as well as warehousing, packaging, transportation and security. The minimization of the use of resources is a common motivation in logistics for import and export. Another way to describe the logistics is that the providing inbound logistics as well as outbound logistics service in a cost efficient way considering customer point of view. One of the most significant features in the last few years is the increase in the number of organizations in the global business market in which logistics plays an important role. Globalization is not only opportunities but also possess the certain risks. The increase in the competition increase the number of challenges, as a result of it the demand for transportation, warehousing, shipping, planning and control services is constantly rising. The major implication in the logistics is to optimize the quality, extend the supply lead time and costs of services. Logistics has become one of the most vital key services that companies used for t...

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