Logistics management involves planning, executing, and controlling the flow of goods and services from the point of origin to the point of consumption to meet customer needs. It includes procurement, production, distribution, and disposal logistics, as well as inbound, outbound, third-party, and reverse logistics. The objectives of logistics are rapid response, minimum variance, and quality. It faces challenges related to transportation, security, environmental issues, and driver shortages. Logistics is important for maintaining competitive advantage, building customer relationships, and producing finished goods.