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Quote of the Day

Management is efficiency in climbing the ladder of success; leadership determines whether the ladder is leaning against the right wall.

Stephen Covey

Logistics

Logistics is the management of the flow of goods and services between the point of origin and the point of consumption with the aim of having the right item in the right quantity at the right time at the right place for the right price in the right condition to the right customer. 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.

30 May 2011 10:51:52

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