| Logistics Management, as defined in Wikipedia, is generally defined as the management of the flow of goods, information, and other resources, including energy and people, between the point of origin and the point of consumption in order to meet the requirements of the end consumers. It often encompasses information visibility and integration, transportation and distribution, inventory management, warehousing, material handling, and packaging.
Believed to have been originated by ancient militaries who needed to supply themselves with arms, ammunitions, and rations as they moved from their base to a forward position, logistics management has evolved beyond the military to include a considerable portion of the modern supply chain function. In today’s supply chain, logistics management is responsible for controlling the efficient forward and reverse flow and storage of goods, services, and information between the point of origin and the point of consumption; overlaps with inventory and warehouse management, global trade management, and supply chain finance; and may involve the use of third party logistics. For additional insights into Logistics Management, see the following posts: |
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