Logistics: Principles and Practice

Logistics refers to the coordination of product flow from the source to the point of consumption to meet consumer demands. This field involves the management of various resources, including supplies, equipment, food, and more. The management of these goods encompasses coordinating production, information exchange, packaging, material handling, transportation, storage, and security. Logistics is generally categorized into outbound and inbound logistics. Outbound logistics includes various specialized areas like procurement logistics, distribution logistics, after-sales logistics, disposal logistics, reverse logistics, green logistics, and global logistics. Inbound logistics encompasses activities such as sourcing, procurement, transportation, receiving, and inventory management. Methods such as economic order quantity models and distribution resource planning are employed for the management and configuration of logistic systems. This book elucidates the concepts and innovative models around prospective developments with respect to logistics. It picks up individual branches and explains their needs and contribution in the context of a growing economy. This book will provide comprehensive knowledge to the readers.