what is logistics in business

Logistics in business refers to the overall process of managing how resources are acquired, stored, and transported to their final destination. It involves the movement of goods from one place to another, which includes purchasing and delivering materials, packaging, and shipping. Logistics management involves identifying potential suppliers and distributors, determining the most efficient routes for transportation, and managing inventory levels to ensure that goods are available when needed. The goal of logistics is to meet customer requirements in a timely, cost-effective manner. Poor logistics in a business can impact its bottom line, and logistics is now used widely in the business sector, particularly by companies in the manufacturing sectors, to refer to how resources are handled and moved along the supply chain. The concept of business logistics has been transformed since the 1960s, and the increasing intricacy of supplying companies with the materials and resources they need, along with the global expansion of supply chains, has led to a need for specialists known as supply chain logisticians.