One of the first tasks we had to do was defining Logistics:
My Personal Definition is:
Logistics is the art and the technique on how to move and store goods and items in an efficient way. It includes a process of continuous improvement on how to manage Logistics in order to control it precisely.
However, we have also been given a definition by our teacher:
Logistics management is that part of the Supply Chain Management process that plans, implements, and controls the efficient, effective forward and reverse flow and storage of goods, services, and related information between the point of origin and the point of consumption in order to meet customers' requirements.
What is important to mention about this definition is:
- Supply Chain Management is not Logisitcs! It is something more since Logistics is only part of Supply Chain Management
- Product by definition is "Good, idea, method, information, object, service, etc." (see http://www.businessdictionary.com/definition/product.html). That is why in the definition it says "goods, services, and related information" and not just "product".
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