In order to understand logistics and supply chain management in a context of current market conditions and current trends a solid foundation of logistics and supply chain management is essential. This book is an attempt to highlight the changes in comparison with traditional methods. We have listed and explained basic concepts in logistics and supply chain management. It can be used as a guide to understand role and importance of logistics and supply chain management in an organization. The book focuses on basics of logistical and supply chain concepts, recent advancements and new philosophies used. The book’s language has been kept simple to make sure understanding of concepts is easy.