Topic

Logistics, Distribution, and Transportation

Instructions

What is the meaning of logistics?
How do firms go about planning and analyzing their logistics capabilities?

Answer preview

Logistics entails the process of implementing, controlling planning procedures for the successful and efficient storage and transportation of goods which includes services and associated information from the origin point to the consumption point. The main objective of logistics is to effectively meet all the customers’ requirements hence making them satisfied. This definition involves outbound, inbound, external and internal movements. Generally, logistics is the comprehensive implementation and organization of a complicated operation.

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