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Logistics Management

Logistics Management

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Published by suresh2228

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Published by: suresh2228 on Jul 07, 2011
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Name : Suresh MarimuthuRoll no. : 520964937LC Code : 3078
PROJECT ON LOGISTICSMANAGEMENT 
 
ROLL NO. 520964937
How
word ‘
Logistics' derived?
 
The term 'Logistics' derived from the ancient Greek word 'λόγoς'
('logos'
 — 
meaning 'ratio, word, calculation, reason, speech,oration'), is considered to have originated for the military's need.Logistics as a concept is considered to evolve from the military'sneed to supply themselves as they moved from their base to aforward position. In ancient Greek, Roman and Byzantine empires,there were military offic
ers with the title ‗Logistikas‘ who were
responsible for financial and supply distribution matters. Althoughquite an old concept, the term 'Logistics' started to be used widelyin the business world since the early 1990s when globalization,coupled with liberalization, triggered intense business competitionand forced both private and public firms to commit themselves tomeet the challenges of the market.
 
ROLL NO. 520964937
What is Logistics?
Logistics is the . . . ―process of planning, implementing, and
 controlling the efficient, effective flow and storage of goods,services, and related information from point of origin to point of consumption for the purpose of conforming to customer
requirements.―
 Logistics is the art and science of managing and controlling theflow of goods, energy, information and other resources likeproducts,services,and people, from the source of production to themarketplace. It is difficult to accomplish anymarketingormanufacturingwithout logistical support. It involves theintegration of information,transportation,inventory,warehousing,  material handling, andpackaging.The operating responsibility of logistics is the geographical repositioning of raw materials,work inprocess, and finished inventories where required at the lowest costpossible.

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