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"Having the right item in the right quantity at the right time at the right place for the right price in the right condition to the right customer".
Logistics is the management of the flow of things between the point of origin and the point of consumption to meet requirements of customers or corporations.
The resources managed in logistics can include physical items, such as food, materials, animals, equipment, and liquids, as well as general issues, such as time and information. The logistics of physical items usually involves the integration of information flow, material handling, production, packaging, inventory, transportation, warehousing, and often security.
Logistics Activities and Fields
Inbound logistics is one of the primary processes of logistics, concentrating on purchasing and arranging the incoming movement of materials, parts, and finished inventory from suppliers to manufacturing or assembly plants, warehouses, or retail stores.
Outbound logistics is the process related to the storage and movement of the final product, and the related information flows from the end of the production line to the end user.
Main Fields of Logistics:
Asset Control Logistics
POS Material Logistics