LOGISTICS

Logistics

Logistics is the management of the flow of resources between the point of origin and the point of consumption in order to meet some requirements, for example, of customers or corporations. The resources managed in logistics can include physical items, such as food, materials, equipment, liquids, and staff, as well as abstract items, such as time, information, particles, and energy. The logistics of physical items usually involves the integration of information flow, material handling, production, packaging, inventory, transportation, warehousing, and often security. The complexity of logistics can be modeled, analyzed, visualized, and optimized by dedicated ...

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logistics

Noun

  1. The process of planning, implementing, and controlling the efficient, effective flow and storage of goods, services and related information from their point of origin to point of consumption for the purpose of satisfying customer requirements.
  2. The procurement, supply, maintenance, and transportation of equipment, facilities, and personnel.


The above text is a snippet from Wiktionary: logistics
and as such is available under the Creative Commons Attribution/Share-Alike License.

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