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Logistics And Supply Chain Industry

oboloo Glossary

Logistics And Supply Chain Industry

Logistics and Supply Chain Industry encompasses all the activities related to the sourcing, procurement, transfer, and delivery of goods and services. It includes everything from the movement and storage of raw materials to the manufacturing and distribution of finished products. In essence, Logistics and Supply Chain Industry is responsible for turning raw material into finished product, getting it to its market, and then distributing it to end users. By coordinating all these activities, Logistics and Supply Chain Industry aims to maximize efficiency, reduce costs, and ensure timely delivery of goods and services. In today’s world, this industry plays an increasingly important role in global economic development.

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