Logistics is the process of planning and carrying out the movement of goods from the point of origin to the point of consumption. Logistics involves strategic management of an organisations resources, including people and assets, such as inventory, equipment, facilities, transportation and communications.
Logistics is a significant part of business operations management. The field has evolved as businesses have adopted new technologies with electronic information systems, which enable users to view real-time data about logistics activities.
The field includes planning and implementing integrated management systems; designing and managing supply chains; researching future demand for products; arranging product transportation; maintaining inventory; handling returns; negotiating with vendors over prices or fees charged for delivery services.
The logistics industry is the process of making sure that goods and services get from one place to another, whether it’s from a manufacturer to a customer or from a customer to a retailer. It’s also known as supply chain management.
In the last few decades, logistics has become increasingly important as businesses have become more globalized. As companies expand their operations around the world and sell products online, they need to find ways to keep up with demand while still maintaining quality control and keeping costs low. One way they do this is by outsourcing their logistics needs—but this can be risky because if you don’t know what your suppliers are doing or how they’re doing it, then you can’t be sure that they’re doing it right.
Another way companies can handle logistics is by investing in technology that helps them manage every step of the process: from manufacturing to shipping, warehousing, and customer service. This can mean investing in robots or automation software that allows companies to optimize their workflow so they don’t waste time or money on unnecessary steps like putting things onto shelves twice when there are two different sizes available for sale (for example).