Logistics in the world of business • In business, logistics is the management of the flow of things between their point of origin and their final destination in order to meet the needs of companies and customers. It is a subset of supply chain management. •...
More
Logistics in the world of business • In business, logistics is the management of the flow of things between their point of origin and their final destination in order to meet the needs of companies and customers. It is a subset of supply chain management. • The resources managed in logistics include a wide range of items, including: • Food • People • Animals • Materials • Time • Information • Vehicles, Boats and Airplanes • The logistics of physical things – things we can touch – generally involves the integration of material handling, information flow, production, packaging, transportation, inventory, warehousing and security.
Less
