oboloo Glossary

Logistic Business

oboloo Glossary

Logistic Business

Logistics can be defined as the organized and efficient management of activities related to the flow of goods between two locations. This includes all aspects of planning, implementing, controlling, and monitoring the transportation, storage, processing, packaging, and distribution of materials. Logistics also involves ensuring that the necessary resources are available in the right quantities and at the right places, at the right times, to meet customer demands. The goal of logistics is to optimize cost and maximize customer satisfaction.