Do you have knowledge about logistics?

Question

Accepted Answer

Logistics involves the planning, execution, and management of the flow of goods and services from origin to consumption.

Logistics encompasses transportation, warehousing, inventory management, and order fulfillment.
For example, a company may use third-party logistics (3PL) providers to manage their supply chain efficiently.
Effective logistics ensures timely delivery of products, reducing costs and improving customer satisfaction.
Technology plays a crucial role, with tools like GPS tracking and inventory management software enhancing logistics operations.

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.

Accepted Answer

Logistics is the movement of goods or services from point 'A' to 'B'.

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Do you have knowledge about logistics?

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