Role of Logistics in Supply Chains

1. Provide a definition of logistics and a rationale for why is it important in private companies and public organizations? 2. Explain the importance of logistics important on a macro level and the contributions of logistics to the economy? 3. How does logistics add value in the economy? How does logistics add value for firms? What, if any are the differences? 4. Explain the relationship between logistics and supply chain management? 5. Compare and contrast the four major subdivisions of logistics discussed in this chapter. 6. Discuss the relationship between manufacturing and logistics. What are the tradeoffs between the two areas?