What are the 4 types of logistics?
The four major types of logistics are: Supply, distribution, sales and reverse logistics.
What are 4 functional areas of logistics?
There are five elements of logistics: Storage, warehousing and materials handling. Packaging and unitisation. Inventory.
What are the main types of logistics?
Logistics can be split into five types by field: procurement logistics, production logistics, sales logistics, recovery logistics, and recycling logistics.
What are the 5 P’s of logistics?
PRODUCT, PRICE, PLACE, PROMOTION AND PEOPLE IN THE MARKETING PROCESS.
What are the 3 C’s of logistics?
We call them the 3 C's: Coaching, Compensation and Culture. Training in the logistics industry is very important.
What are the 6 logistics goals?
Objectives of Logistics Management
- Improve Supply Chain Efficiency. …
- Inventory Management. …
- Fulfill customer requirements. …
- Mitigate product damage. …
- Reduce Operational Cost. …
- Quick Response. …
- Optimize delivery performance. …
- Efficient Flow of Information.
What are the 3 main logistics objectives?
There are five main objectives of the logistics management process:
- Minimize Manufacturing Costs.
- Efficient Flow of Operations.
- Better Communication Flow.
- Provides Competitive Edge.
- Better Inventory Management.
- Logistics Management Solution.
What are basic logistics?
Transportation and warehousing are the two major functions of logistics. Transportation management focuses on planning, optimizing and executing the use of vehicles to move goods between warehouses, retail locations and customers. The transportation is multimodal and can include ocean, air, rail and roads.
What are the 7 R’s of logistics?
In this step, we look at the 7 Rs of logistics. So, what are the 7 Rs? The Chartered Institute of Logistics & Transport UK (2019) defines them as: Getting the Right product, in the Right quantity, in the Right condition, at the Right place, at the Right time, to the Right customer, at the Right price.