What is logistics:

What is logistics? Logistics is the process of planning and executing the efficient transportation and storage of goods from the point of origin to the point of consumption. The goal of logistics is to meet customer requirements in a timely, cost-effective manner. Logistics is a critical and essential component of successful supply chain management. It is responsible for the processing and coordination of all products, raw materials and services throughout the entire supply chain –– from manufacturing and production to distribution, fulfillment and final delivery to customers and end users. Logistics is a vital part of running a business smoothly. It's all about carefully planning, putting plans into action, and overseeing the smooth movement and storage of goods, services, and information. From where things start to where they're needed, logistics ensures things run efficiently. Logistics management is a component that holds the supply chain together. [3] The resources managed in logistics may include tangible goods such as materials, equipment, and supplies, as well as food and other edible items.