Logistic Mgmt
2
Logistics is the management of the flow of goods between the point of origin and the point of use in order to meet the requirements of customers or corporations. Logistic s involves the integration of information, transportation, inventory, warehousing, material handling, and packaging, and often security. Logistics is a channel of the supply chain which adds the value of time and place utility. Today the complexity of production logistics can be modeled, analyzed, visualized and optimized by plant simulation software, but is constantly changing. This can involve anything from consumer goods such as food, to IT materials, to aerospace and defense equipment Origins and definition The term logistics comes from the Greek logos (λόγος), meaning "speech, reason, ratio, rationality, language, phrase", and more specifically from the Greek word logistiki (λογιστική), meaning accounting and financial organization[citation needed ]. The word logistics has its origin in the French verb loger to lodge or to quarter. Its original use was to describe the science of movement, supplying & maintenance of military forces in the field. Later on it was used to describe the management of materials flow through an organization, from raw materials through to finished goods[citation needed ]. Logistics is considered to have originated in the military's need to supply themselves with arms, ammunition and rations as they moved from their base to a forward position. In ancient Greek, Roman and Byzantine empires, military officers with the title Logistikas were responsible for financial and supply distribution matters[citation needed ]. The Oxford English Dictionary defines logistics as "the branch of military science relating to procuring, maintaining and transporting materiel, personnel and facilities." Another dictionary definition is "the time-related positioning of resources." As such, logistics is commonly seen as a branch of engineering that creates "people systems" rather than "machine systems". When talkin g in terms of human resources management, logistics means giving inputs, i.e. "recruiting manpowers", which ultimately work for the final consumer or to delivery. According to the Council of Logistics Management, logistics contains the integrated planning, control, realization and monitoring of all internal and network-wide material-,part- and product flow including the necessary information flow in industrial and trading companies along the complete value-added chain (and product life cycle) for the purpose of confirming to customer requirements. Main logistics targets Logistics is one of the main functions within a company. The main targets of logistics can be divided into performance related and cost related. They are high due date reliability, short delivery times, low inventory level and high capacity utilization. But when decisions need to be made, there is always a trade off between these targets. This is what makes being a logistician challenging and
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Transcript of Logistic Mgmt
8/3/2019 Logistic Mgmt
http://slidepdf.com/reader/full/logistic-mgmt 1/2
Logistics is the management of the flow of goods between the point of origin and the point of use in
order to meet the requirements of customers or corporations. Logistics involves the integration of
information, transportation, inventory, warehousing, material handling, and packaging, and often
security. Logistics is a channel of the supply chain which adds the value of time and place utility.
Today the complexity of production logistics can be modeled, analyzed, visualized and optimized by
plant simulation software, but is constantly changing. This can involve anything from consumergoods such as food, to IT materials, to aerospace and defense equipment
Origins and definition
The term logistics comes from the Greek logos (λόγος), meaning "speech, reason, ratio,
rationality, language, phrase", and more specifically from the Greek word logistiki
(λογιστική), meaning accounting and financial organization[citation needed ]. The word
logistics has its origin in the French verb loger to lodge or to quarter. Its original use was to
describe the science of movement, supplying & maintenance of military forces in the field. Later onit was used to describe the management of materials flow through an organization, from raw
materials through to finished goods[citation needed ].
Logistics is considered to have originated in the military's need to supply themselves with arms,
ammunition and rations as they moved from their base to a forward position. In ancient Greek,
Roman and Byzantine empires, military officers with the title Logistikas were responsible for
financial and supply distribution matters[citation needed ].
The Oxford English Dictionary defines logistics as "the branch of military science relating to
procuring, maintaining and transporting materiel, personnel and facilities." Another dictionary
definition is "the time-related positioning of resources." As such, logistics is commonly seen as a
branch of engineering that creates "people systems" rather than "machine systems". When talking
in terms of human resources management, logistics means giving inputs, i.e. "recruiting manpowers",
which ultimately work for the final consumer or to delivery.
According to the Council of Logistics Management, logistics contains the integrated planning,
control, realization and monitoring of all internal and network-wide material-,part- and product flow
including the necessary information flow in industrial and trading companies along the complete
value-added chain (and product life cycle) for the purpose of confirming to customer requirements.
Main logistics targets
Logistics is one of the main functions within a company. The main targets of logistics can be divided
into performance related and cost related. They are high due date reliability, short delivery times,
low inventory level and high capacity utilization. But when decisions need to be made, there is
always a trade off between these targets. This is what makes being a logistician challenging and
8/3/2019 Logistic Mgmt
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![The Logistic Function - mygeodesy.id.au Logistic Function.pdf · courbe logistique [the logistic curve]. The properties of the logistic curve are derived and a general equation developed](https://static.fdocuments.net/doc/165x107/5b95cda609d3f2c2678cb9ab/the-logistic-function-logistic-functionpdf-courbe-logistique-the-logistic.jpg)
