What is a chain of logistics?
A chain of logistics refers to a series of processes that are involved in moving a product from its inception point to its final destination. It involves the management of the flow of goods, information, and money within the supply chain network. A logistics chain comprises suppliers, manufacturers, distributors, retailers, and customers, all of which are interconnected and interdependent. In simple terms, it refers to a sequence of activities that enable a product to reach its intended market from the source of production. Effective management of a chain of logistics is crucial for businesses to minimize operational costs, improve customer satisfaction, and increase profitability.
This mind map was published on 27 May 2023 and has been viewed 51 times.
