Entity: LOGISTICS
Logistics is the careful organization of a complicated activity to ensure its successful execution. It involves the efficient flow of goods, services, and information from the point of origin to the point of consumption, tailored to meet customer needs.
Logistics
Etymology
The term 'logistics' originated from the Greek word 'logistikos,' meaning skilled in calculating. It has evolved to encompass the strategic management of resources.
Definition
Logistics refers to the strategic management of the procurement, maintenance, and transportation of goods, services, and personnel to achieve operational efficiency and customer satisfaction.
Historical Context
Logistics has roots in military science, focusing on the efficient flow of resources during wars. Over time, it has expanded to various industries, emphasizing supply chain management.
Cultural Significance
In modern society, logistics plays a crucial role in ensuring the smooth operation of businesses, from manufacturing to delivery. It impacts global trade and influences consumer experiences.
Related Concepts
Logistics is closely related to supply chain management, transportation, inventory control, and operations management. It involves meticulous planning and execution to optimize processes.
See Also
- Supply Chain Management
- Transportation
- Inventory Control
The strategic management of the procurement, maintenance, and transportation of goods, services, and personnel to achieve operational efficiency and customer satisfaction.