ABSTRACT
In educational institutions, there were no integrated programs. Instead individual courses were offered in transportation and purchasing. After World War II, as businesses began to understand the relationships and tradeoffs such as inventory costs vs. transportation costs, which are discussed in this chapter, logistics gained an important place in the business world as well. It defined both the new, complex global world the people now live and do business in, as well as an understanding of the integration and importance of all activities involved in sourcing and procurement, conversion, and logistics management. When considering a supply chain strategy, it is important to be aware of current opportunities and challenges. The ultimate goal is to determine the best supply chain processes and policies for individual customers and products that also maximize customer service and company profitability. The idea is that a “one-size-fits-all” strategy will not usually work in today’s environment.
