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Importance Of 3pl

   
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Title: Importance Of 3pl
 
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Subject: Business
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Date: March 19, 2008
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A key element of logistics, the trade-off between transport and inventory costs, was formally recognised in economics at least as early as the mid 1880s (Langley 1992, pp. 19-20). Definition The concept of logistics has evolved over time in response to factors such as changes in the business environment...
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Grunnet (1996, p.32) notes that the focus was inventories in the 1950s, distribution in the 1960s, production in the 1970s, purchasing/production/sales in the 1980s, and business process in the 1990s. Logistics can be defined as that part of the supply chain process that plans, implements, and controls the efficient, effective flow and storage of goods, services, and related information from the point of origin to the point of consumption in order to meet customer’s requirements...
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