Logistics is the part of the supply chain involving the physical movement of goods, services, cash, and information. It includes inbound and outbound transportation, material handling, warehousing, inventory, order fulfillment and distribution, third party logistics, and reverse logistics (Stevenson and Sum, 2014). Logistics also includes the storage of raw materials, work-in-process inventories, and finished good.
Source:
Modernizing Government Regulations Program |
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