Logistics and the supply chain

from roadtransport.com

Logistics is the science of organising the timely shipment of goods or information by the most efficient route.  This does not just mean finished goods, but all of the components and materials required to create them. Goods do not just travel from producer to market – they also travel back again, not least when rejected by consumers or under end of <!– document.write(”); //–> life legislation. This is known as reverse logistics. Logistics management as been defined as the right item in the right quantity at the right time at the right place for the right price. The means by which goods travel from the producer to the consumer is known as the supply chain.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s