What are fundamental principles of logistics

Logistics management principles. Still have a question? Ask your own! Logistics is the entire process of acquiring goods, storing them and finally transporting them to their final destination. Logistics management involves identifying prospective distributors and suppliers, and determining their effectiveness and accessibility. Logistics involves transportation, warehousing and inventory management. Please have a look at the video. You will get a clear idea on logistics and its principles. Please don’t forget to subscribe the channel. There are three kinds of transportation service: (A) Fast, (B) Reliable, (C) Cheap. Choose two. The sum of the delivery window and lead-time is inversely proportional to the odds of incliment weather, mechanical problems, paperwork mixups, and customs delays. The west coast port unions will go on strike (or get locked out) when their contracts expire (every 4 to 6 years) and shippers will still act like it's a surpise. Treat your vendors well, always be respectful, and respect their margins. For the price of lunch, they will do the impossible. (Don't ask them how.) Shippers who demand the lowest price get to beg for space; shippers who can fill space at get offered the best rates. Cost go up, costs go down; rates go up, rates go down; demand goes up, demand goes down; capacity never changes (much). You are not as big or as important as you think you are.