Almost no day goes by without logistics. Logistics come in on social activities, business, military, events, relief efforts, etc. Logistics can be viewed from various perspectives. From these perspectives, the logistics term is defined as follows:
What activities have the logistics done to help create the value added logistics through place utility, time utility, and quantity utility? Logistics include planning, execution, and control of activities: transportation, warehouse and storage, packing, materials handling, inventory management, inventory forecasting, planning, and scheduling production, procurement, customer service, selection of plant and distribution locations, return goods, reproduce and maintenance services.
Transport is generally the most important activity in logistics. Almost over 60% of the total logistical costs are transport costs. Transport integrates physically tissues and nodes in the supply chain through material transfers, parts, and finished goods. The core of transportation operations includes routing, departure and confirmation, and determination of transportation …Read more →