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Logistics and Transportation

What is Logistics and Transportation
ogistics and transportation deals with management methods and analytical techniques in a field of transport, logistics and inventory, and it is closely related to planning. It is the management of transport and storage activities of an organization, which includes management of material, information and financial flows in order to meet customer requirements.

Logistics and transportation deals with management methods and analytical techniques in a field of transport, logistics and inventory, and it is closely related to planning. It is the management of transport and storage activities of an organization, which includes management of material, information and financial flows in order to meet customer requirements.

The aim of logistics is to ensure that the correct customer receives at the right time and at the right place goods or service at the right quality and right quantity. All this, at a reasonable cost.

Among the best known management methods and systems in logistics field belong:

Analytical techniques (in particular, optimization and simulation analytical methods) used in logistics and transportation:

Reference models in logistics:

  • SCOR model (Supply Chain Operations Reference-model)

Basic terms:

Related management fields:

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Last update: 11.06.2013
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