Mar 19 2011

What is logistics?

Category: Business & Economy

Answer:

Logistics is a business term used to describe the management of inventory from the point of origin to the point of use, to meet the demands of the consumer. Administering the fulfillment of products and services (inventory) will allow a company to create an efficient supply chain. The planning and control over the flow of goods (supply chain) will ultimately lead to higher profits and margins.


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