Logistics

Logistics is the process of planning, implementing, and controlling the efficient flow and storage of goods, services, and related information from the point of origin to the point of consumption. It encompasses a variety of activities, including transportation, warehousing, inventory management, and order fulfillment, aimed at ensuring that products reach their intended destinations in a timely and cost-effective manner. Logistics is essential in both supply chain management and operations management, as it coordinates the movement and storage of resources to meet customer demands while optimizing operational efficiency. The ultimate goal of logistics is to provide the right product, at the right place, at the right time, and in the right condition, while minimizing costs and maximizing customer satisfaction.