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| Topic: |
Business
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| Number of pages / Number of words: |
7 / 1850 |
Essay's paper body
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.
There are many different types of logistics service providers (LSP’s)...
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Prime Assed Provider, Third Party Logistics Provider or Outsourcing (3PL), Lead Logistics Provider (LLP), Fourth Party Logistics Provider (4PL), Joint Service Company (JCS) and Virtual Network Consortium are some of the key types of LSP’s.
Out of these types of LSP’s, Third Party Logistics or Logistics Outsourcing is the most important and becoming most popular amongst the businesses in Australia...
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