The business of logistics designing and coordinating the
flow of items, information, cash and ideas through the supply chain
is an enormous industry. The US logistics bill is now more than $1
trillion a bigger share of the GDP than that of social security,
health care or defense.
It is also a very complex business. A proliferation of factors
such as the development of technology, the globalization of the economy
and the pressures of environmental concerns means that logistics
professionals have to design and operate worldwide networks which are
constantly in flux and which have to respond to a host of constituents.
Because logistics professionals are always dealing with where the rubber
meets the road, so to speak where the company meets the outside
world logistics is centrally involved with the source of all
corporate power: satisfying the customer.
(For more detail on the field of logistics, visit the Council
of Supply Chain Management Professionals, the
European Logistics Association or the American
Production and Inventory Control Society )
(To see a recent piece from the Wall Street Journal about
how the field is growing, and how many
high-paying jobs it's creating, go here.)
|