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BUS116: Introduction to Logistics (Okurie)

What is Logistics?


front end of 18 wheeler truck    cargo ship at sea  

Physical distribution is concerned with moving goods in a timely and secure way from producer to consumer, taking all factors into account, including budget. Physical distribution is therefore about organising transportation to move goods via road, rail, sea and air. Logistics, on the other hand, takes a holistic view of the process. A logistics approach considers the entire process of delivering value to customers, starting with raw materials extraction and taking the whole transport problem through all the stages of adding value. The aim is to create a seamless system for moving goods from where they are produced to where they are needed.

From the database CredoReference - Logistics