What is Logistics?
Logistics is the art and science of managing and controlling the flow of goods, energy, information and other resources from the source of production to the marketplace. Logistics is concerned with strategically managing the supply chain so that the right goods get to the right place, in the right quantity, at the right time, in the best condition and at an acceptable cost. It is a practical discipline, concerned with planning and management, and is very much focused on getting things done. A centre focus of all business organizations today is the management of their supply chains. A typical supply chain for a product involves input from the supplier, producer, distribution centre, retailer and consumer, whilst transport is the link between all stages - Transportation firms, Third party logistics firms, Manufacturing firms, Merchandizing firms, Consulting firms, Service institutions and other organizations.
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