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Logistics

Logistics is the management of the flow of goods and services between the point of origin and the point of consumption in order to meet the requirements of customers. Logistics involves the integration of information, transportation , inventory , warehousing , material handling, and packaging , and often security . Logistics is a channel of the supply chain which adds the value of time and place utility. Today the complexity of production logistics can be modeled, analyzed, visualized and optimized by plant simulation software.

Importance: A well-managed logistics operation is streamlined to offer better customer service than your competitors, without wasting resources like time and money. For this reason, logistics is very important to any business with a tangible product that needs to be physically stored and distributed.