Headline

The right quantity of the right articles available at the right place of the right quality at the right time and at the right cost. That is the classic definition of logistics, and it sounds quite simple. However, anyone who opens the “Handbuch Logistik” [Logistics Manual] will be confronted with mathematical equations such as: G (S*) = (r - p)µ - (cM + cO) ƒ01 (zCR). Logistics is clearly not as simple as all that. It is essential for the economy and an exciting challenge for any company, as the example of Hermes – and this essay – show.