Logistics Course Notes - MDH

Logistics Business Logistics : An area of management that has been observed to absorb more than 30% of the sales dollar for some firms, that is an essential element in meeting customer goals, and that can be essential to a firms competitive strategy. It has been called by many names, including Physical Distribution, Materials Management, and Supply Chain Management. The activities to be managed may include all or part of the following: Transportation Inventory maintenance Order processing Purchasing Warehousing Materials handling Packaging Customer service standards, and Product scheduling A dictionary definition of Logistics is The branch of military science having to do with procuring, maintaining, and transporting material, personnel, and facilities. Definition of the Council of Logistics Management (CLM) Logistics is the process of planning, implementing, and controlling the efficient, cost-effective flow and storage of raw materials, in-process inventory, finished goods and related information from point of origin to point of consumption for the purpose of conforming to customer requirements.

Industrial Products are those that are directed to individuals or organizations that use them to produce other goods or services. Their classification is quite different from consumer products. Traditionally, industrial goods and services have been classified according to the extent

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