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Showing posts from October, 2020

History Of Logistics And Supply Chain Management

Logistics is considered as the key part of the supply chain process. It has a great impact on the economy of any country. The role and importance of logistics have been raised in various business environments. Logistics encompasses activities such as warehousing, freight transportation, material handling, inventory control, protective packaging, order processing, forecasting, marketing and customer service. Historically, the logistics industry was meant for transportation, warehousing and material handling. From these early times to the 18th century, all segments of a supply chain were kept generally local because there was a lack of transport options and the cost of moving goods around the world was very high. The logistics in India has changed a lot from being labor-intensive to today’s technology-oriented system that offers a variety of logistics services. In India, the concept of 3PL is a recent culture. Usually, manufacturing companies handled their own logistics needs in-hous