Basic Definitions

In a general sense, logistics in business is the management of flows of tangible and intangible objects between the point of origin and the point of consumption to meet the needs of customers or corporations.

Resources which are managed with logistics include physical objects (food, materials, animals, equipment, liquids) as well as abstract elements, such as time and information. Logistics of physical objects includes, as a rule, the integration of information flow, material handling, manufacturing, packaging, inventory, transportation, warehousing, and often security.

In the context of Value-added chain, logistics is the operations related to the resource flows between companies within a business ecosystem, as well as movement of finished products (goods and services) from producers to end-users.