1.2 The Logistics of Business Is Big and Important Key points: supply chain; competitive advantage Difficult points: competitive advantage Requirements: By the end of this lesson, you should be able to understand the importance of the logistics to firms. describe the relationship between logistics and firms1.2 The Logistics of Business Is Big and Important Key points: supply chain; competitive advantage Difficult points: competitive advantage Requirements: By the end of this lesson, you should be able to understand the importance of the logistics to firms. describe the relationship between logistics and firms