Logistics and Operations refers to the planning, implementation, and management of the flow of goods, services, and information from the point of origin to the point of consumption. This field ensures that products are delivered efficiently and effectively, meeting customer demands while minimizing costs. Key components include transportation, warehousing, inventory management, and order fulfillment.
In a business context, Logistics and Operations play a crucial role in maintaining supply chain efficiency. By coordinating various activities, such as sourcing materials and managing distribution channels, companies can optimize their processes. This leads to improved customer satisfaction and a competitive advantage in the marketplace.