Logistics
The overall management of the way resources are moved to the areas where they are required. Investopedia Says:
This term originated in a military context, referring to how personnel acquire, transport and store supplies and equipment. In the business community, the term is used to refer to how resources are acquired, transported and stored along the supply chain. By having an efficient supply chain and proper logistical procedures, a company can cut costs and increase efficiency. Related Terms:
Bottleneck
Inland Bill Of Lading
Inventory
Inventory Turnover
Just In Time - JIT
Supply Chain
Supply Chain Management |