What is logistics?
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Answer / chaitanya
Logistics management is that part of supply chain management that plans, implements, and controls the efficient, effective forward and reverse flow and storage of goods, services and related information between the point of origin and the point of consumption in order to meet customers' requirements.
Boundaries and Relationships: Logistics management activities typically include inbound and outbound transportation management, fleet management, warehousing, materials handling, order fulfillment, logistics network design, inventory management, supply/demand planning, and management of third-party logistics services providers. To varying degrees, the logistics function also includes sourcing and procurement, production planning and scheduling, packaging and assembly, and customer service. It is involved in all levels of planning and execution--strategic, operational and tactical. Logistics management is an integrating function, which coordinates and optimizes all logistics activities, as well as integrates logistics activities with other functions including marketing, sales manufacturing, finance, and information technology.
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Answer / chan bath pektek chang
Logistic is process of planning implementing and controlling the efficient, effective flow and storage of raw materials,in-process of inventory, finished goods service and related information from point of origin to point of consumption for the purpose of confirming to customer requirements.
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Answer / ramesh
Simply i can define logistics "It is the process of managing the flow of materials, information, raw materials and finished goods from one place to another"
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