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Logistics & Supply Chain

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Submitted By yasminlover101
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1. What is logistics, and why is it important in private companies and public organizations? logistics is That part of the supply chain process that plans, implements, and controls the efficient, effective flow and storage of goods, services and related information from the point of order to the point of consumption in order to meet customers’ requirements.It is has become important for growing service organizations both private and public to fulfill customer request and utilizing such network to fulfill the wants/needs of the customer request in a timely manner.

2. Why is logistics important on a macro level, and what contributions does logistics make in the economy? The absolute cost of logistics on Macro basis will increase the growth in the economy. Meaning that the more products/services being produced, the total logistics cost will increase. The reduction in relatively cost allows organizations to be more competitive since it directly impacts the cost of producing goods. The decrease in cost has helped the U.S. Economy regains a competitive position on a global standard.

3. How does logistics add value in the economy? How does logistics add value for firms? Logistics organizations can impact the economic value of a company by increasing net sales and reducing operating costs and assets. it add value to firms by improved customer service, product availability, and order

accuracy can be directly linked to the capabilities of a logistics organization

4. What is the relationship between logistics and supply chain management? In what ways are they different? Logistics is a critical part of a supply chain it is an integration of the logistics systems in all the organizations in the supply chain. logistics is transportation from point A to point B. Supply chain is complete management of the process of delivering from point A to point B which…...

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