Posts Tagged ‘Logistics’

Logistics definition

April 3, 2010 3 comments

Logistics entails how companies obtain, produce, and exchange material and services in the proper place and in properquantities for the proper value activity.

International Business. Environments and operations  – 12th Edition (p. 462) – Daniels, Radebaugh and Sullivan

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Logistics definition

February 26, 2010 Leave a comment

Logistics management is that part of the supply chain management process that plans, implemenets, and controls tehe 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’ requirement

Usually people have problems planning because they usually have no time at all to plan, only to implement. They usually become firemen, thinking only on a one week timescope.

There are two important flows to manage:

  • Forward flow: Move things forward
  • Reverse flow: Move things back to the company.

The fact of having to manage two flows at the same time makes logistics more complicated.

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