Can be defined as having the right service at the right place and time for a right price and in the right condition.


Question: Can be defined as having the right service at the right place and time for a right price and in the right condition.

Logistics is a term that originated in the military and refers to the process of managing how resources are obtained, stored, and moved to their final destination. In business, logistics can be defined as having the right service at the right place and time for a right price and in the right condition. Logistics is a part of supply chain management that involves planning, implementing, and controlling the efficient flow of goods, services, and information from the point of origin to the point of consumption according to the needs of customers  .

 

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