Logistics

Logistics refers to the detailed planning, execution, and management of the flow of goods, services, information, and resources from the point of origin to the point of consumption. It encompasses various activities, including transportation, warehousing, inventory management, order fulfillment, and distribution. The primary goal of logistics is to ensure that products are delivered to the right place, at the right time, in the right condition, and at the right cost. Logistics plays a crucial role in supply chain management and can involve both internal processes within a company and external operations involving multiple suppliers and customers. Effective logistics is essential for optimizing efficiency, reducing costs, and improving customer satisfaction within businesses and organizations.