Logistics is a part of the supply chain management which strategies, executes and manages the storage and flow of products and goods between two points. The first point is the origin of the goods or the place of storage/production and the endpoint is the place where the products or goods are going to be consumed according to the demands of the customers in that specific area. Logistics includes activities like warehousing, transportation, inventory management, order fulfillment, planning demand and supply, packaging, assembling, scheduling the delivery of packages, managing third-party logistics service providers and customer service. Strategic planning and execution of the plan are what logistics is entirely based on. The other functions of demand and supply chain are highly dependent on the accurate functioning of logistics. It helps in managing and optimizing all these activities and keeps the chain going.
Guide to Japan-born Inventory and Accounts Receivable Freshness Control for Managers : English version
