What Is Logistics & Supply Chain Management?

Logistics and supply chain management is essential for businesses to succeed. They keep your company moving forward with a streamlined, efficient, and effective supply of products. So what is logistics? Logistics is the process of planning, coordinating, and carrying out the movement of materials, goods, or services from one location to another. It's also about using information technology tools to monitor the progress of shipments and predicts demand for products in order to minimize waste and maximize profits. Supply chain management is more than just a logistics tool - it's an integral part of modern business that includes everything from trade laws and government regulations to marketing research and pricing strategies.