If you manage a warehouse, distribution center, or truck fleet, you are still solving the equations Ronald H. Ballou wrote down in the 1980s. The technology has changed; the physics of moving atoms has not.
Ballou's book, "Business Logistics: Supply Chain Management", provides a comprehensive overview of the principles and practices of logistics and supply chain management. The book covers topics such as:
: Balancing the cost of holding stock against the risk of stockouts.
A broader concept that encompasses all activities involved in sourcing, procurement, conversion, and logistics management. It also includes collaboration with channel partners, such as suppliers, intermediaries, third-party service providers, and customers.