Logistics Activities, Concept And Technology

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1.0 Introduction Logistics is that part of the supply chain process that plans, implements, and controls the efficient, effective flow and storage of goods, services, and related information from the point-of-origin to the point of- consumption in order to meet customers ' requirements (Enarsson, 2015). Simply put, logistic means moving product from one point to another in the most effective way. The purpose of this assignment is to discuss the logistics activities, concept and technology because I know logistics is very important that is why I want to write more about it and explain each of the terms.

1.1 Importance of Logistics
What would the world be if there is no logistics? Logistics are very important because it contributes about 10% of GDP, leads to higher level of employment, greater economic growth. Logistics is am important component of GDP. That means the costs involve in logistics itself contributes to the GDP. Logistics facilitates in getting products and services as and when they are needed and desired to the customer. It also helps in economic transactions, serving as a major enabler of growth of trade and commerce in an economy. Moreover, logistics has become an important component of GDP and thus affects rate of inflation, interest rates, productivity, energy costs, currency valuation and availability of investment capital. It also creates competitive advantage like place and time utility, customer satisfaction, proprietary asset and so on. Competitive

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