Logistics is the flow of funds, goods and information between origin and consumption. Logistics involves information, material handling, production, packaging, inventory, transportation, warehousing and often security.
Download Incoterms tools
If you produce only what you need when you need it, then there is no room for error (Russell and Taylor)
Find out more
Cross-docking can bring substantial sav-ings in transportation costs without in-creasing the inventories, while at the same maintaining the level of customer service (Apte and...
... [A] well-managed reverse logistics system allows the company to retain contact with customers and derive valuable feedback from them (O’Connell, 2007).