Importance Of Logistics in Business ....

Business logistics means having the right product in the right quantity at the right time at the right place for the right price in the right condition to the right customer".

Business logistics incorporates all industry sectors and its aim is to manage the fruition of project life cycles, supply chains, and resultant efficiency.

The term "business logistics" has evolved since the 1960s  due to the increasing complexity of supplying business with materials and shipping out products in an increasingly globalized supply chain, leading to a call for professionals called "supply chain logisticians".

In business, logistics may have either an internal focus (inbound logistics) or an external focus (outbound logistics), covering the flow and storage of materials from point of origin to point of consumption. 

The main functions of a qualified logistician includes :-  

1. Inventory management, 
2. purchasing
3. transportation
4. warehousing
5. consultation  and the organizing and planning of these activities. Logisticians combine a professional knowledge of each of these functions to coordinate resources in an organization.

There are two fundamentally different forms of logistics:

one optimizes a steady flow of material through a network oftransport links and storage nodes, while the other coordinates a sequence of resources to carry out some project(ex:restructuring a warehouse).