Logistics involves planning, implementing, and controlling the physical flow of goods, services, and related information from the point of origination to points of consumption to meet customer requirements and generate profit for the firm. Firms must always aim to minimize their costs while providing the services customers want. There are four major logistics functions: warehousing, inventory management, transportation, and logistics information management.

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07-07-2024
Business

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Logistics involves planning, implementing, and controlling the physical flow of goods, services, and related information from the point of origination to points of consumption to meet customer requirements and generate profit for the firm. Firms must always aim to minimize their costs while providing the services customers want. There are four major logistics functions: warehousing, inventory management, transportation, and logistics information management.

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