In fact logistics can be
In fact logistics can be described by the following principles: finding the Right product or service; offering it in the adequate quantity and right condition to the right customer; having it available at the right time and place; and selling it at the right cost.
Today, logistics information systems that have been improved by the technology associated with the scanning systems are directly related with the transportation, storage, inventory management and customer service departments of every corporation. Strategies, such as Quick Response (QR) and Efficient Customer Response (ECR) are contributing in the success of logistics in the contemporary highly challenging environments business operate and are accompanied by competitive pricing, consumer demographics, market share goals and other factors of marketing management, providing the new base of global competition.
The key issue for an effective logistics system is for products to spend less time in the warehouses and to be delivered at the stores on time. This way, manufacturers reduce the amount of inventory they have to keep and maintain and have thus realized that the component of logistics actually adds value.
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