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A warehouse in South Jersey, a U.S. East Coast epicenter for logistics and warehouse construction outside Philadelphia, where trucks deliver slabs of granite [1]. Logistics is the part of supply chain management that deals with the efficient forward and reverse flow of goods, services, and related information from the point of origin to the point of consumption according to the needs of customers.
The LRN Conference is one of the European forums for the presentation of research results, current practice and new ideas in supply chain management, logistics and transport. Papers are invited from academics, researchers and practitioners working in the field of logistics, transportation and supply chain management.
Entire stock market indexes focus on the sector, like the Dow Jones Transportation Index (DJTA). In the EU, the transport industry directly employs around 10 million people and accounts for about 5% of the gross domestic product (GDP). Logistics account for 10–15% of the cost of a finished product for European companies.
Specialization within the supply chain began in the 1980s with the inception of transportation brokerages, warehouse management (storage and inventory), and non-asset-based carriers, and has matured beyond transportation and logistics into aspects of supply planning, collaboration, execution, and performance management.
Second-party logistics arose in the course of the globalization and the uprising trend of lean management when the companies began to outsource their logistics activities to focus on their own core competencies. Examples are courier, express and parcel services; ocean carriers, freight forwarders and transshipment providers.
Logistics engineering is a complex science that considers trade-offs in component/system design, repair capability, training, spares inventory, demand history, storage and distribution points, transportation methods, etc., to ensure the "thing" is where it's needed, when it's needed, and operating the way it's needed all at an acceptable cost.
Traffic management is a key branch within logistics. It concerns the planning, control and purchasing of transport services needed to physically move vehicles (for example aircraft, road vehicles, rolling stock and watercraft) and freight. Traffic management is implemented by people working with different job titles in different branches:
Integrated within the framework of transport logistic are also Air Cargo Europe, an international trade conference and exhibition for the air cargo business, and marilog, an international conference on maritime logistics. In 2019 transport logistic was held on around 125,000 m 2 of exhibition space. It attracted 64.000 visitors from 125 ...