History of Inrenational Logistics

History of - The Early"Slow Days The globalization of markets is generally understood to be a recent phenomenon triggered by the economic

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The Early, "Slow" Days The globalization of markets is generally understood to be a recent phenomenon, triggered by the  economic development explosion after World War II; however, while international trade has  certainly increased dramatically in the second half of the last century, nations have engaged in  international trade for eons. However, before the twentieth century and the advent of modern  transportation, trade between nations had always relied on courageous traders who ventured in  faraway places in the hope of earning a living. They were responsible for determining what  goods they should take along as payment for the goods they hoped to bring back, negotiating  with foreigners with whom they did not share a language, and arranging for the transportation  and safekeeping of the goods while in transit. They were exposed to the risks of international  travel, of market preferences, and of political instability. They were mostly adventurers and  pioneers. Can these early traders be considered to have been the first involved in international logistics?  Undoubtedly. The word "logistics" comes from the Greek  logistike , which translates as "the art of  calculating"  using concrete items, in contrast with  arithmetike , which was the art of calculating  using abstract concepts. The latter eventually evolved into the modern concepts of arithmetic and  algebra. The first gave birth to the modern term of "logistics," which has evolved into the art and  science of determining eminently concrete aspects of business management, from transportation  and packaging to warehousing and inventory management. The first international traders were involved in logistics; they calculated how much their ships— or beasts—could carry, how much food to bring along, and how best to package the goods while  in transit, decisions that parallel exactly what a modern logistics manager does. They had to  decide which payment method was most appropriate, just as a modern exporter must determine  what is the best way of ensuring it will get paid. While many aspects of international logistics  have changed, the main concerns of people involved in this field remain similar; they have to  ensure that goods manufactured in one part of the world arrive safely to their destination. However, the modern interpretation of the term "logistics" has its origins in the military, where it  was used to describe the activities related to the procurement of ammunitions and essential  supplies to troops located at the front. It gave birth to the title of  Maréchal des Logis  in the  French military, which is given to a sergeant in charge of a unit's supplies and housing. 
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This note was uploaded on 09/10/2009 for the course MKT 764 taught by Professor Chuckhermans during the Spring '09 term at Missouri State University-Springfield.

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History of - The Early"Slow Days The globalization of markets is generally understood to be a recent phenomenon triggered by the economic

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