Logistics is also known as physical distribution management. Many industries which produce goods regularly, including FMCG, and consumer durables, use logistics companies to distribute goods. These goods must be shipped to distributors, dealers, and consumers. Logistics refers to transporting goods from the company to either the middlemen or the end consumers. A logistics company is an entity responsible for managing another company’s supply chain. Depending on the terms of the commercial agreement, the logistics company may be involved in supply procurement, storage, transportation, and order fulfillment and distribution. Logistics is not limited to transport. A company may use many logistics functions or activities. For e.g., you will need to adjust your inventory if you are required to ship a product from your warehouse to a dealer. You must also have records that show when the goods left your warehouse and arrived at the dealer. You must also ensure that the…
