Question: Used to describe functions related to the flow of material in a supply chain.
Logistics describes the functions related to the flow of material in a supply chain.
Logistics refers to the project of the overall management of the inventory and the finished goods and their storage as well as their on-time delivery. Logistics is the flow of material from one place to another mainly from the manufacturers to the consumers.
There are two typesof logistics:
Inbound logistics: Inbound logisticsrefers to the process in which the materials are taken inside the company from an outside source.
Outbound logistics: The process in which the materials are delivered outside the company to the consumers is considered outbound logistics.
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