Thursday, 16 March 2017

About economics and logistics

The main goal of the economy is to give society the goods and services that it needs at the lowest prices. For a company, the goal is to achieve the best possible profits for the lowest cost. When it comes to logistics, the main goal of the services and performances need to be provided at the lowest cost for the maximum profit.

Logistics economics are closely related to technology in logistics. Technology is used to simplify logistics and to improve the logistic performances. The objectives are to improve the quality and efficiency of the performance, streamline the administration processes and to help in the development of business strategies for pricing, costs and marketing.

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