Concept explainers
To describe: The historical development of the logistics field
Explanation of Solution
The usage of oceans and other water bodies such as rivers, lakes and inland waterways for the movement of goods, besides the developments in railroad, roadways, pipelines and air, increased the options for the movement of products from one place to the other. These advances provided the fillip to the development of the logistics field.
Along with the developments in transportation, the need for more efficient storage and warehousing was felt. Initially the development of logistics was based on agricultural products which have seasonal production and a more uniform consumption throughout the year. This was later extended to minerals and industrial products.
Globalization and the lowering of trade barriers provided the boost to logistics to emerge as one of the key drivers which facilitated the global economic development in the more recent decades.
Logistics field has now evolved into a more comprehensive
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Chapter 18 Solutions
OPERATIONS MANAGEMENT IN THE SUPPLY CHAIN: DECISIONS & CASES (Mcgraw-hill Series Operations and Decision Sciences)
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