Logistics
Logistics is the art or science of moving resources efficiently with the minimum of cost and disruption from one place to another. I saw this definition on Wiki:
“Logistics is the process of strategically managing the procurement, movement and storage of materials, parts, and finished inventory (and the related information flows) through an organisation and its marketing channels in such a way that current and future profitability are maximised through the cost-effective fulfillment of orders”
This used to be just another part in the supply chain process but has grown to include purchasing, and warehousing.
The key points to note in any definition are efficiency and movement.
The movement part is rather easy. A resource has to be moved from the originating point to a place where it will fulfil a need. the tricky part, is doing it efficiently.
In Nigeria, processes tend to be complex – Sometimes unnecessarily so. this means that to efficiently move a resource to the customer, is very demanding. one must navigate several obstacles especially regulation.
