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Last change: 10/08/2009

Logistics involves the process of planning, implementing and controlling the most efficient and cost-effective flow and storage of goods, including raw materials, in-process stocks, finished goods and related information. Transportation is effected on behalf of the customer from the point of origin to the point of consumption. Essentially, it is the science and art of ensuring that the right products reach the right place in the right condition and the right quantity at the right time at the minimum possible cost.

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The International Air Transport Association represents, leads and serves the airline industry. Its members comprise all major passenger and cargo airlines.

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Warehouses are the premises of a company where stocks of materials or equipment are stored. These may be semi-finished and finished products or also spare parts and basic materials for further processing. In some cases, warehouses are also used to improve products (cheese, wine, whiskey).

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Warehousing (also inventory management) involves all the decision-making facts that have a bearing on inventory. In particular, it encompasses what goods are to be stored and in what quantity as well as what quantities are to be ordered and when in order to replenish the inventory.

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Distribution refers to the process of storing and transporting finished goods between the end of the production line and the final customer.

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