All of us have heard about the logistics services but not many of us are aware about the meaning of the term logistics. There are new freight forwarding startups being set up every day which clearly hints towards the growth of this business. With such startups there is no longer any need for you to worry about the changes in International air freight rates. Here we are going to discuss must know categories of logistics.
Meaning of logistics
Logistics refers to the process of not only coordinating but at the same time also moving the resources like equipment, food and liquids, inventory and similar materials from one place to the storage of the quoted destination. Talking strictly in terms of supply chain and business, logistics refers to the management of the flow of various things between the point of their origin as well as consumption. This is done with an intention to satisfy the needs not only of people but also the corporations. The procedure includes the integration of production and packaging, warehousing and transportation, security and materials handling in addition to the information flow.
Types of logistics
There are a plethora of categories of logistics. These include Third Party Logistics (3PL), Fourth Party Logistics (4PL), Inbound Logistics, Outbound Logistics, Reverse Logistics, Green Logistics, Construction Logistics, Digital Logistics and Military Logistics. The logistics management lay emphasis on the efficiency and effective management of daily activities concerning the production of finished goods as well as services of the company. It bears the responsibility of managing and planning, implementing and controlling the efficient as well as effective forward as well as reverse flow and storage of the goods.
All in all, these are the must know categories of logistics. Knowing these well will help you to understand the concept of logistics management in a better way.
Source: https://logisticscompaniesindelhi.wordpress.com/2019/05/21/must-know-categories-of-logistics/