Logistics

Logistics

1) (1) Total concept covering the planning and organizing of the supply and movement of materials/goods, etc from original source through stages of production, assembly, packing, storage, handling and distribution to final consumer.

Distribution is but one element of whole logistics concept and transport a single element only of physical distribution. Logistics is an important function within firms requiring professional management (eg by those who are members of the Institute of Logistics and Transport -ILT). (2) The time-related positioning of resources to meet user requirements. (Source: ILT Supply-Chain Inventory Management SIG)

Source: David Lowe. The Dictionary of Transport and Logistics. Kogan Page, 2002. – P.147 (288 p.)