Logistics is the management of goods, information and resources as they move from one place to the other, from a beginning to an end point where the transported goods will be consumed and used. This definition of the industry widens the audience of logistics specialists from the military to all kinds of businesses located all around the world. There are a number of aspects of logistics important to the overall success of the process, including an integration of information, transport of the goods, inventory of the products, storage, handling of the materials, packaging and protection to keep items secure as they are transported.
To learn more about the intricacies of logistics, consider key terms and concepts relating to the process.
Free zoneA free zone, often abbreviated by the acronym FZ, is a specific area of land which has been designated as an area of free trade. This designation is made by the government of a country or region. Examples of free zones include ports, cities and other regions established for the purpose of free trading.
American Standard Code for Information InterchangeThe American Standard Code for Information Interchange is expressed with the acronym ASCII. The ASCII is used primarily when data transmission is taking place between a point of origin and an ending location. Characters set for use in the American Standard Code for Information Interchange include one hundred and twenty-eight letters, upper and lower case versions, as well as numbers and special symbols. Each of these characters is embedded with a seven-bit binary number.