Logistics

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Logistics
Meaning
Logistics is the management of the flow of goods and services between the point of origin and the point of consumption in order to meet the requirements of customers. Logistics involves the integration of information, transportation, inventory, warehousing, material handling, and packaging, and often security. Logistics is a channel of the supply chain which adds the value of time and place utility. Today the complexity of production logistics can be modeled, analyzed, visualized and optimized by plant simulation software.

Origins and definition
The term logistics comes from the Greek logos ( ), meaning "speech, reason, ratio, rationality, language, phrase", and more specifically from the Greek word logistiki ( ), meaning accounting and financial organization[citation needed]. The word logistics has its origin in the French verb loger to lodge or to quarter. Its original use was to describe the science of movement, supplying & maintenance of military forces in the field. Later on it was used to describe the management of materials flow through an organization, from raw materials through to finished goods[citation needed].

Logistics is considered to have originated in the military's need to supply themselves with arms, ammunition and rations as they moved from their base to a forward position. In ancient Greek, Roman and Byzantine empires, military officers with the title Logistikas were responsible for financial and supply distribution matters[citation needed].

The Oxford English Dictionary defines logistics as "the branch of military science relating to procuring, maintaining and transporting materiel, personnel and facilities." Another dictionary definition is "the time-related positioning of resources." As such, logistics is commonly seen as a branch of engineering that creates "people systems" rather than "machine systems". When talking in terms of human resources management, logistics means giving inputs, i.e. "recruiting manpowers", which ultimately work for the final consumer or to delivery. Submitted by : Rohneet Singh Arora Lalit Temkar 03 27

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