Logistics, Warehousing and Inventory Management
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How is logistics an extension of warehousing and inventory management? What elements are the same? Different?
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This solution examines logistics as an extension of warehousing and inventory management.
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Logistics refers to the process of moving goods from the manufacturer to the final consumer. So that means everything that happens in the middle of those 2 points (the supply chain) is a part of the logistical process.
The argument can be made that actually warehousing and inventory management are extensions of logistics management instead of the other way around. But, be that as it may, the management of logistics typically involves an analysis of critical components of the processes involved in moving resources from a starting point to its end destination. These include purchase of parts and raw materials, inventory control, production processes, finished product, transportation, ...
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