Logistics management1

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Logistics involves planning and controlling the flow of goods and services from production to customers. It aims to deliver products on-time at the lowest cost while providing excellent customer service. Logistics management coordinates key functions like procurement, inventory, transportation, warehousing, and packaging. The goal is having the right inventory in the right place at the right time for the minimum price. Firms can gain a competitive advantage through world-class logistics that improve customer satisfaction.

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