Transportation of goods from the point of origin to the place of consumption to meet customer requirements is referred to as logistics. There are several areas of specialization within logistics, and one of them is shipping. Additionally, logistics includes warehousing, packaging, and material handling. Online import export course will help you understand the terms and how to find the right one for you.   To minimize costs and improve operations for businesses, logistics involves both the integration of these smaller areas and their management.  Logistics involves transporting the right product to the right customer, at the right time and place, in the right quantity, in the right condition, and at the right cost. 

Types of Logistics 

1 Inbound Logistics- 

This refers to the inner logistics errands and exercises that have to be completed by organizations to continue operating. As the name implies, inbound logistics describes the strategic tasks of organizations that operate in the Upstream sector.   

2 Outbound Logistics- 

The outbound logistics service constitutes the errands and activities involved with transporting the item to the final recipient. A player that works moderately downstream usually faces such strategic obligations, and they are the last party to arrive in the supply chain. 

3 Reverse Logistics-  

Receiving goods that have been returned by a customer. The reverse logistics process involves activities that take place after a product has been sold to recover its value and end its lifecycle. In most cases, it involves returning the item to the manufacturer or merchant or sending it on for overhauling, repair, or reusing. 

4 Third Party Logistics- 

The logistics function includes all parts of the supply chain that are concerned with planning, managing, and controlling the flow of merchandise and services to meet customer needs.  Using third-party logistics implies outsourcing logistics services to a third-party company. For entrepreneurs, third-party logistics can be a mistake.    

5 Fourth Party Logistics- 

Fourth-party logistics providers are third-party logistics providers who provide organizations with supply chain solutions by handling resources, innovation, technology, infrastructure, and even managing external third-party logistics providers. 

6 Distribution Logistics-  

Distributive logistics refers to the organization of errands, control, and safety procedures relating to the flow of information and goods between manufacturing companies and their customers. Market and production are connected through distribution logistics (also called transportation logistics or sales logistics).  

Conclusion-  

Logistics is broadly alluded to as the most common way of moving things or products like foods, materials, heavy equipment, etc to the ideal destination. Logistics plays a major role in any international business. When you export any product overseas, it is very important to have the right logistic partner as many times the products get damaged during transit.   To learn more about logistics and their importance join our export-import consultancy services and start your exports in just 60 days.   You can also attend our live webinar and get expert guidance on why you should start an import export business of your own. Click the link listed below to join our webinar.  https://chat.whatsapp.com/Bqz4SWH55nSGtKj3GnJAC8 Do visit our website for more information.