Global LPI Rankings

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Global LPI Rankings Logistics is the planning of freight movements for complex retail, manufacturing or distribution of supply chains. It deals with the coordination of inbound and outbound shipments. Depending on the type of business, logistics can get extremely complex. Logistics can be considered as a tool for getting resources, like products, services, and people, where they are needed and when they are desired. It is difficult to accomplish any marketing or manufacturing without logistical support. It involves the integration of information, transportation, inventory, warehousing, material handling, and packaging. The operating responsibility of logistics is the geographical repositioning of raw materials, work in process, and finished inventories where required at the lowest cost possible. The global Logistics Performance Index (LPI) rankings are based on six factors which are: Customs Customs are things that have to do with culture. Customs is an authority or agency in a country responsible for collecting and safeguarding customs duties and for controlling the flow of

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Global LPI Rankings

Transcript of Global LPI Rankings

Global LPI RankingsLogistics is the planning of freight movements for complex retail, manufacturing or distribution of supply chains. It deals with the coordination of inbound and outbound shipments. Depending on the type of business, logistics can get extremely complex. Logistics can be considered as a tool for getting resources, like products, services, and people, where they are needed and when they are desired. It is difficult to accomplish any marketing or manufacturing without logistical support. It involves the integration of information, transportation, inventory, warehousing, material handling, and packaging. The operating responsibility of logistics is the geographical repositioning of raw materials, work in process, and finished inventories where required at the lowest cost possible.The global Logistics Performance Index (LPI) rankings are based on six factors which are:CustomsCustoms are things that have to do with culture. Customs is an authority or agency in a country responsible for collecting and safeguarding customs duties and for controlling the flow of goods including animals, transports, personal effects, and hazardous items in and out of a country.InfrastructureInfrastructure of a country refers to the less obvious supporting systems in maintaining an economy. Examples of infrastructure systems include water pipes supplying fresh water, sewer system, electrical system delivering to business and homes, electrical system to street light and red lights, roads, subway and rail systems, gas piping to homes and businesses for natural gas, sidewalks, telephone poles, bridges across rivers and rails, highways, canals, electrical grid, transportation systems -airway, rail stations, etc, Along waterways banking and ports, needed fencing. The difference between Logistics and Infrastructure is that Logistics means the method of transferring goods from one place to another. For example, the logistics for moving a house could mean the use of a trolley to load a removal truck, the removal truck transferring the goods to the new address, and a cart or trolley to take the items inside. While Infrastructure is the support services of something. For example a citys infrastructure would include its roads, railways etc.International shipmentsThe term shipment or shipping is an extremely general term with many meanings, however according to a few sources like Wikipedia its most common usage is with actual ships via merchant navies. They make up nearly 90% of international trade. In any case, "Shipment" and "shipping" are used when transporting goods in any vehicle, though it originally derives from transporting in boats or actual ships.