What Does Logistics Mean?
What does logistics mean
Logistics refers to the efficient planning, management, and control of the flow of goods, information, and services from the point of origin to the point of consumption. It involves various activities such as transportation, warehousing, inventory management, packaging, and customs clearance.
In simpler terms, logistics ensures that the right things get to the right places at the right time, in the right condition, and at the right cost. It plays a crucial role in supply chain management and business operations, as it directly affects customer satisfaction, cost efficiency, and overall business performance.