What is the Role of Logistics

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In this video, we investigate what logistics is. Logistics refers to the comprehensive management of the movement and flow of goods, information, and resources within a business or between organisations and their suppliers or customers. It encompasses a range of activities such as procurement, transportation, storage, inventory management, and distribution, with the goal of ensuring the efficient and cost-effective delivery of products or services to the right place, at the right time, and in the right condition. Effective logistics plays a critical role in optimising supply chains, reducing costs, and enhancing customer satisfaction by coordinating all aspects of the supply and distribution process. • ►Become a FREE SUBSCRIBER to TWO TEACHERS now: • https://www.youtube.com/c/TwoTeachers... • ►Check out our website for lots of educational business resources • https://www.twoteachers.co.uk • Remember to hit subscribe turn notifications on (bell icon) so you never miss a video! • #logistics #suppliers #businesseducation

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