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Moreover, from the functionality perspective, logistics in business background can be technically termed as the backbone of every possible type of small or large scale business processes. This business actively supports the globalisation of production / manufacturing business, where one nation acts as manufacturer, whereas the other nation, act as procurer. The major functional aspect of logistics lay in ensuring the fact that the ordered goods get delivered to the customers within the set time frame and at acceptable conditions (Aveta Limited, 2014).
Apart from the above discussed functionalities, the means of carrying out varied logical operations are also multiple. For instance, logistics operations can be carried out either in the domestic markets or at international levels. Large scale corporations utilise both types of logistics operations for commencing their functionalities. However, in a similar manner to that of the hospitality industry, the logistics industry also gets impacted by constantly changing economic scenario of the nations due to massive reliance on the utilisation of fuel. Thus slight change within the economic stability of a nation often results in bringing about huge distortions within the overall functionality of the corporations relating to logistics (PwC, 2014).
Regardless of the above discussed facts, logistics industry can only perform well if the external surrounding environment projects favourably aid in attaining perceived objectives. Instances regarding multiple uncontrollable factors can be provided that subsequently hamper the effective functionality of logistics organisations. Once of such instances can be related to the inappropriateness of the transportation facilities within specific geographical areas. Situations related to inappropriate infrastructure development and increasing price of fuel often restricts the normal functionality pace of logistics sector. High restrictiveness within the
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This is mainly because the objectives of supply chain are not met in many firms. There are fluctuations and disturbances that interfere with the supply chain coupled with irrational decisions that firms make at certain times (STOCK & LAMBERT 2001, p. 7). The system selected should be able to tackle these fluctuations and disturbances and enable smooth operations of firms.
While the cost of transportation logistics would be considerably higher due to rising oil prices in the international market, the businesses must make efforts to reduce that through collective decision making. The most realistic technique for businesses would be to come together and use single transportation to ship their goods.
Efficiency in the operations calls for online location of shipments in logistics management by real-time information about the status of shipments across multiple modes of transportation. This will increase efficiency in documentation for security and effectiveness in clearance in ports and airports.
Logistics is defined as a business planning framework for the management of material, service, information and capital flows. It includes the increasingly complex information, communication and control systems required in today's business environment and deals with the concerns, the questions of the customers.
Such an intensity of the research activity can be easily explained by the fact that well-tuned and efficient logistics system creates the competitive advantage for the company. An organization wishing to implement integrated business logistics management faces many great challenges, but can potentially reap considerable benefits.
BLC delivers smart, fast and flexible solutions for the customer in the global business environment. BLC is known for its reputation in providing wide range of inbound/outbound operations, maintaining low air cargo fare rates and
This can be explained by the fact that logistics contributes to economic utility based on a product’s ability to satisfy customer needs. On this regard, logistics plays a role in satisfying the possession utility, which relates to the value that a customer gets
system would have adverse impact on the flow of goods which would slow down economic growth and development of nation as will as for private enterprises. At the same time, the delay also lowers the utility value of the goods which could further escalate the relative cost of
Baker & McKenzie (2007) affirms that if the parties involved prepare inadequately for the negotiation, an irreparable damage to their relationships can result. Under several occasions, negotiators never reach their intended goals because they neglect the problems of the other party and focus on their own part.
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