Abstract
Logistics represents a collection of activities that ensures the availability of the right products in the right quantity to the right customers at the right time. Logistics activities serve as the link between production and consumption and essentially provide a bridge between production and market locations or suppliers separated by distance and time. This requires focus on products or physical goods, people and information about goods and people. Different values are added to a product at various stages of its life cycle. Production and manufacturing adds form value by converting the raw material or components into components or finished parts. Place value is provided through transportation by moving the product where it is needed. Time value is provided through storage and inventory control ensuring the availability of the product when needed. Finally, possession value is added to the product through marketing and sales. Place and time values are added by some of the key logistics functions which are discussed in detail in section 1.2. Example 1.1 demonstrates the value of time and place.
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References
Council of Logistics Management (1991) Careers in Logistics, 2803 Butterfield Road, Suite 380, Oak Brook, IL 60521.
Davis, H.W. and Drumm, W.H. (1996) Logistics costs and customer service levels. Council of Logistics Management Annual Conference Proceedings, Council of Logistics Management, 2803 Butterfield Road, Suite 380, Oak Brook, IL 60521, pp. 149–159.
La Londe, B.J. and Masters, J.M. (1996) The Ohio State University Survey of Career Patterns in Logistics, Council of Logistics Management Annual Conference Proceedings, Council of Logistics Management, 2803 Butterfield Road, Suite 380, Oak Brook, IL 60521, pp. 115–138.
Wilson, J. (1996) Quantifying value creation across the logistics channel. Council of Logistics Management Annual Conference Proceedings, Council of Logistics Management, 2803 Butterfield Road, Suite 380, Oak Brook, IL 60521, pp. 7–113.
Further Reading
Council of Logistics Management (1991) Logistics in Service Industries, 2803 Butterfield Road, Suite 380, Oak Brook, IL 60521.
Council of Logistics Management (1994) Bibliography of Logistics Training Aids, 2803 Butterfield Road, Suite 380, Oak Brook, IL 60521.
Wood, D.F. and Johnson, J.C (1993) Contemporary Transportation, Macmillan, New York.
Training Aids: Videotapes
Council of Logistics Management, 2803 Butterfield Road, Suite 380, Oak Brook, IL 60521, tel. (708) 574-0985: Logistics: Careers with a Challenge.
Business Logistics Management Series: Customer Service
Business Logistics Management Series: Introduction to Logistics
Business Logistics Management Series: Internal Logistics Environment
Business Logistics Management Series: Logistical Relationships in the Firm.
Useful Addresses
American Production and Inventory Control Society (APICS) — The Educational Society for Resource Management, 500 West Annandale Road, Falls Church, VA 22046.
American Society of Transportation and Logistics (AST&L), 216 East Church Street, Lock Haven, PA 17745.
Council of Logistics Management (CLM), 2803 Butterfield Road, Suite 380, Oak Brook, IL 60521.
Institute of Logistics, Douglas House, Queens Square, Corby, Northants, UK.
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© 1998 Springer Science+Business Media Dordrecht
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Kasilingam, R.G. (1998). Introduction to logistics and transportation. In: Logistics and Transportation. Springer, Boston, MA. https://doi.org/10.1007/978-1-4615-5277-2_1
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DOI: https://doi.org/10.1007/978-1-4615-5277-2_1
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