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Write down the meaning and definition of the logistics with examples,
and also include the logistics objectives.
Answer:-
Illustrations of Logistics:
Storage of goods: Warehouses are places where goods are kept for storage.
They are essential for maintaining inventory control, guaranteeing that
goods are available when needed, and facilitating effective order
fulfillment.
Cut Lead Times: One of the main goals of logistics is to cut lead times in the
supply chain. Reduced expenses, quicker order fulfillment, and better
customer service are all results of shorter lead times.
Risk management: Logistics should handle and reduce risks that could
impact the flow of goods, such as natural disasters, supply chain
interruptions, and geopolitical conflicts.
Cold Chain Logistics: This type of logistics is especially made for moving and
storing goods that are sensitive to temperature, like food, medicine, and
vaccines. It guarantees that these goods stay at the proper temperature for
the duration of the supply chain.
Q4. Write down the dynamics and intervention of the supply chain
management.