Business logistic is the coordination of expected requirement, procurement, actual movement, and hard drive of components, parts, raw materials, along with semi-finished and complete goods, to accomplish optimum demand-service levels at minimal price. It includes each inbound and outbound moves, and is a more substantial concept than submission management which will not include activities including forecasting and procurement. Business logistic like a concept developed only from the 1950s. It was evolved due to the increased complication of supplying business ventures with materials and transportation of these finished products in a global chain involving supply.
Business Logistic Concepts
