Logistics is the process of planning and executing the efficient transportation and storage of goods.
Logistics is the management of supply and transportation to deliver the goods on time and in good shape. handling of operations is a part of the logistics
- Sourcing the best materials from various sources
- Optimising transportation
- It is an integral part of inventory management and demand forecasting
Logistics is not limited to transport. A company may use many logistics functions or activities.
A logistics company is an entity responsible for managing another company’s supply chain. Depending on the terms of the commercial agreement, the logistics company may be involved in supply procurement, storage, transportation, and order fulfillment and distribution.