A STUDY ON LOWEST IN-TRANSIT DEPS IN LOGISTICS

Abstract

Generally speaking, a logistics company is one that deals with "hard and concrete things." It either makes it possible to reduce costs or to provide more value. While the traditional emphasis in logistics has been on reducing costs as a one-time feel-good aspect, high value comes into play much later and may be either solid or insubstantial in the early phases of a product. Customer service and responsiveness are also included in logistics' scope because of their impact on inventory and resource use. Supply chain management is distinct from logistics management. When it comes to supply chain management, it has to do with all aspects of the supply chain. Supply chain management also encompasses logistics, which implies that whomever is in charge of your supply chain will be held responsible for the actions of third-party logistics providers (3PL) and package delivery services such as freight forwarders, customs brokers, shipping firms, etc.