What is Reverse Logistics and Recycling?
Reverse logistics is an important branch of logistics aimed at value-recovery, cost reduction, and streamlining of the supply chain. Know more about it inside the article.
Reverse logistics is an important branch of logistics aimed at value-recovery, cost reduction, and streamlining of the supply chain. Know more about it inside the article.
Logistics cost may be explained as all the costs incurred by an organization in moving a product. Let’s take a look at some of the main components of logistics cost.
Integrated logistics management systems worked as the catalyst to achieve efficiencies in logistics operations and maximize the profits of organizations. Learn more about it in the article.
Let us take a quick look at the key performance indicators that are generally used by logistics companies with basic examples.
In consolidated freight, several small shipments (in cargo volume) from a location, belonging to different sellers, are combined to form a full container load (FCL) and shipped to a destination location.
Expedited freight and services is all about providing preferential treatment to a consignment for its speedy delivery to its customer.
Accessorial charges are charged to the customer by freight movers for extra services rendered during the pick-up or delivery of a consignment.
Moving a company’s operations from a country that is located far, to a nearby country is known as nearshoring.
The logistics cycle should be viewed as a complete list of activities from procurement of goods or materials to their final delivery to customers.
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