Web Definition: Logistics
In military & business, logistics experts manage how & when to move resources to the places they are needed. In military science, maintaining ones supply lines while disrupting those of the enemy is a crucial & some would say the most crucial element, of military strategy. There are two fundamentally different forms of logistics. One optimizes a steady flow of material through a network of transportation links & storage nodes. The other coordinates a sequence of resources to carry out some project. avoid shortages of the object, minimize transportation cost, minimum time to obtain an object, or minimum total storage of objects. Logistic flow is particularly important in just in time manufacturing in which great emphasis is placed on minimizing inventory. A recent trend in large distribution chains is to assign these goals to individual stock items, rather than optimizing the entire system for one goal. This is possible because the plans usually describe stock amounts to be stored at particular locations & these vary depending on the strategy.
Read More »Dictionary Entry: That branch of the military art which embraces the details of moving and supplying armies. The meaning of the word is by some writers extended to include strategy.
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