What you know about logistics?

Question

Accepted Answer

Logistics involves the management of the flow of goods, information, and resources from the point of origin to the point of consumption.

Logistics includes transportation, warehousing, inventory management, and distribution.
It plays a crucial role in supply chain management to ensure timely delivery of products to customers.
Efficient logistics can help reduce costs, improve customer satisfaction, and increase competitiveness.
Examples of logistics companies include UPS, FedEx, and DHL.
Technological advancements like GPS tracking and inventory management software have revolutionized the logistics industry.

Accepted Answer

Logistics is the part of supply chain management that deals with the efficient forward and reverse flow of goods, services, and related information from the point of origin to the point of consumption according to the needs of customers. Logistics management is a component that holds the supply chain together.

What you know about logistics?

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