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Bluedart Project

Bluedart Project

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Published by ashishjain18_fzd
project on logistic management
project on logistic management

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Published by: ashishjain18_fzd on Apr 24, 2010
Copyright:Attribution Non-commercial

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02/26/2013

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CH -1INTRODUCTION
1
 
INTRODUCTION
What is LOGISTICS?
Logistics is about moving materials, information and funds from one business to another or from a business to the consumer. It is a vital part of the business economic system and is a major global economic activity. Infact 10-15 per cent of product costs are logistics related. Worldwide,logistics constitutes about $2 trillion a year. For any country, the logisticscost is estimated between 9 and 20 per cent of its GDP.Logistics is the management of the flow of goods,informationand other resources, includingenergyand people, between the point of originand the point of consumption in order to meet the requirements of consumers (frequently, and originally). Logistics involve the integrationof  information,transportation,inventory,warehousing, material-handling, and  packagingEvery company dreams of achieving the seven R's - delivering theright product in the right quantity and the right condition, at the right place,at the right time, for the right customer at the right cost. Effective logisticsmanagement alone can make this possible.Logistics is one of the oldest and also the newest activities of businessmanagement. It involves combining diverse functions and service providerswho may be culturally and objectively different.
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In the past, quality of products and services was the keydifferentiating factor for companies operating in the same market. In duecourse, quality and low cost became the winning combination.Today, responsiveness to the customers' needs is the determiningfactor. An enterprise that caters instantly to the needs of the customer is thewinner. Integrated logistics can serve as a potent tool for success in today'scompetitive business environment.Logistics is an organized process of managing the flow omerchandise from the source of supply - the vendor, wholesaler or distributor - through internal processing functions like warehousing andtransportation, until the merchandise is sold and delivered to the endcustomer.Logistics management aims to reduce inventory-holding costs andimprove profits, while enhancing customer satisfaction.Anything can be ordered online, but receiving a tangible product isimpossible. The difference between e-business success and failure lies in acompany's ability to manage the logistics.
 
A recent US study found that logistics costs account for almost 10% of the gross domestic product. The process itself covers a diverse number of functional areas. Involved in logistics are transportation and traffic, as wellas shipping and receiving. It also covers storage and import/exportoperations.
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