What is logistics?
Logistics is the detailed organization and implementation of a complex operation. In a general business sense, logistics is the management of the flow of things between the point of origin and the point of consumption to meet the requirements of customers or corporations.
The resources managed in logistics can include physical items, such as materials, equipment, and supplies, as well as intangible items, such as time, information, and energy.
Logistics is an important function in many industries, including:
- Manufacturing
- Retail
- Healthcare
- Transportation
- Government
The goal of logistics is to ensure that the right resources are in the right place at the right time.
According to the Council of Supply Chain Management Professionals (CSCMP), logistics is defined as "that part of supply chain management 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."