Explain the types of Inventory?
An inventory is any stock of economic resources that is stored for future use. It is commonly used to indicate materials, raw materials in progress,...
An inventory is any stock of economic resources that is stored for future use. It is commonly used to indicate materials, raw materials in progress,...
Packaging though an integral part of logistics also affects marketing and production function. Packaging helps in promoting the goods and informing the customer. As production...
Material handling is an important element, which determines the productivity of a warehouse. Material handling is highly labor intensive as compared to any other...
Distribution centers A distribution center for a set of products is a warehouse or other specialized building, often with refrigeration or air conditioning, which...
Modes of Transportation / Modal Characteristic The basic modes of transportation are rail, highway, water, pipeline and air. Rail India has amongst...
Transportation cost elements / Factors Influencing Transportation costs: The following are some of the important elements that are included in the cost of transportation: ...
Forecasting The following are different types of forecasts: Demand Forecast Supply Forecast Price Forecast Demand Forecast involves determining the firm’s demand for an item....
Customer service is often the key link between logistics and marketing. If the logistics system, particularly outbound logistics, is not functioning properly and a customer...
LOGISTICAL PLANNING PROCESS – PLANNING AND DESIGN METHODOLOGY To match the changing environment in the logistics due to the changes in the markets, competitors,...
Types of Logistics: Return Logistics (Reverse Logistics): In order to increase the sales as well as the market share, many companies advertise that their...