Question

Define the term logistics and its impact on cost and service

Answer 1

Logistics refers to the process of procurement of transportation, managing resources, storing goods and sending them to the final destination. It's impact on service is huge as it covers most of the aspects of overall business. It drives satisfaction level and loyalty from end customers. The cost has also influence the logistics, affordable cost of the logistics attracts most of the customers and end up giving more business. Logistics as a service hires professionals to manage logistics services of the company transportation chain using truck, rail, airways, ocean, inbound/outbound logistics from productiom facilities to retailers, warehouse, and final user/end customer.