Logistics and Supply Chain Article Analysis

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Logistics and Supply Chain Article Analysis

Logistics is defined as the monitoring of procurement, planning, execution and movement of materials, communication, service and capital flows with the aim of attaining an objective or a strategy. It might also be defined in other terms as the management of inventory both on transit and in rest. According to Robeson (1994) logistics did not play a crucial role in the success of the company. The meaning of logistics was not well known and accepted in the 1970s and its function was mainly known as distribution of finished good and the receiving and storage of raw materials. In recent times, logistics has gained acceptance by most businesses, industries and markets. In addition, the…