The word " Logistics" is drawn from the French word ' Loger'. It is military term which means the art of transport, supply and quartering of troops. The association of this term with trade in general and international trade in particular pinpoints to the need of working out a strategy for managing the flow of raw materials and finished products from the source of origin to the ultimate user with time and cost efficiency.
Logistics management includes the tasks involved in planning,implementing and controlling the physical flow of raw materials and finished goods from the point of origin to point of use to meet the needs of consumers and end users.
Thus such activities are concerned with the creation of time and place utility and thereby adding to the intrinsic value of the product.
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