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Topic $10$: Introduction to Logistics

Chapter Objectives:

Define logistics$,$ and discuss how logistics adds value to the economy, to organizations, and to your life.

Identify the diverse activities and roles that logistics is responsible for

Define the concept of third$-$party logistics service and discuss why and how your firm would use a $3$PL$.$

Describe the nature of logistics tradeoffs and discuss how tradeoffs shape logistics decision$-$making.

Describe how you can use principles to improve logistics operations.

Specific Areas to Study:

What are the mechanisms that logistics creates value through?

What are $3$PLs$?$ What are they used for? What are the different types of $3$PL relationships, and what are they each used for?

How does logistics create value? What utilities are created by logistics$?$

What is the biggest area of spending in logistics$?$

What is the focus of the seven rights of logistics$?$

How are nrncescino and value$-$added cervicec defined and uced within $1$ocictice?