Logistics is the overall management of the flow of goods, services, and information from origin to consumption. It encompasses transportation, warehousing, inventory management, order fulfillment, and distribution. Effective logistics ensures timely delivery, cost-efficiency, and customer satisfaction, while minimizing operational risks. Modern logistics integrates technology and analytics to optimize supply chains and support business objectives.
Characteristics:
- Manages the movement and storage of goods
- Includes transportation, warehousing, and distribution
- Ensures timely delivery and cost-efficiency
- Reduces operational risks in the supply chain
- Integrates technology for optimization
