What is Logistics Management?
What is Logistics Management?
- It is the set of activities that take place to dispatch a product.-from time of production to delivery.
- It focuses on planning, forecasting, purchasing and assembling a product, moving, storing and keeping a track of the product.
- It adds utility to the product.
- In the current scenario of business it has become necessary for them to provide the consumers with the right product at the right time.
- It also entails coordination and collaboration of various channel partners.