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Logistics refers to the overall process of managing how resources are acquired, stored, and transported to their final destination.Logistics management involves identifying prospective distributors and suppliers and determining their effectiveness and accessibility. Logistics managers are referred to as logisticians.
"Logistics" was initially a military-based term used in reference to how military personnel obtained, stored, and moved equipment and supplies. The term is now used widely in the business sector, particularly by companies in the manufacturing sectors, to refer to how resources are handled and moved along the supply chain.
Adapted from: https://www.investopedia.com/terms/l/logistics.asp Accessed on April 08, 2021.
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