Passage 2 After completing a commercial transaction, logistics will execute the transfer of goods from the supplier (seller) to the customer (buyer) in the most cost-effective manner. This is the definition of logistics. During the transfer process, hardware such as logistics facilities (设施、工 具、设备)and equipment (logistics carriers) are needed, as well as information control and standardization. In addition, supports from the government and logistics association should be in place. Here are three major functions of logistics: 1, Creating time value: same goods can be valued differently at different times. Goods often stop during the transfer process, which is professionally called the storage of logistics. It creates the time value for goods. 2, Creating location value: same goods can be valued differently at different locations. The value added during the transfer process is the location value of logistics. 3, Creating distribution processing value: sometimes logistics creates distribution processing value, which changes the length, thickness and packages of the goods. Like popular saying, cutting into smaller parts" is the most commonly seen distribution processing form. Most processing within logistics creates added value for goods