What is Logistics
Logistics is the management of the flow of goods (31) the point of origin and the point of destination in order to meet the (32) of customers or corporations. Logistics involves the integration of information, transportation, inventory, warehousing, material handling, and packaging, and often security.
Logistics as a business concept evolved in the 1950s (33) to the increasing complexity of supplying businesses with materials and shipping out products in an increasingly globalized supply chain, leading to a call for experts called supply chain logisticians. Business logistics can be defined as "having the right item in the right quantity at the right (34) at the right place for the right price in the right condition to the right customer", and is the science of process and incorporates all industry sectors. The goal of logistics work is to manage the fruition of project life cycles, supply chains and resultant efficiencies.
In business, logistics may have (35) internal focus, or external focus covering the flow and storage of materials (36) point of origin to point of consumption. The (37) functions of a qualified logistician include inventory management, purchasing, transportation, ware housing, consultation and the organizing and planning of these activities. Logisticians combine a professional knowledge of each of these functions (38) coordinate resources in an organization. There are two fundamentally different forms of logistics: one optimizes a steady flow of material through a network of transport links and storage nodes; the (39) coordinates a sequence of resources to (40) out some project.