Definition: Logistics refers to the process of planning, implementing, and controlling the efficient movement and storage of goods, services, and related information from the point of origin to the point of consumption. It involves the integration of various functions, such as transportation, warehousing, inventory management, and information flow, to ensure the smooth flow of products and services throughout the supply chain.
Scope: The scope of logistics encompasses a wide range of activities that contribute to the effective management of the supply chain. These activities include procurement, production, transportation, warehousing, distribution, and disposal. Logistics also involves coordination and collaboration with suppliers, manufacturers, distributors, retailers, and customers to achieve optimal efficiency and customer satisfaction.
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