Reformulating a Logistics Strategy: A Concern for the Past, Present and Future

Examines logistical systems has being responsive to economic climate and market requirements using two compounds as examples. Considers the problem scope, analytical approaches and implementation with regard to logistical systems. Identifies three problem areas which form the basis of strategic logistical planning: (1) inventory policy; (2) facility location; and (3) transport selection routeing. Proposes that by recognizing these, the best way of implementing logistics strategy within a company can be achieved, thus providing maximum improvement and the highest level of efficiency in logistical operations.