What does business logistics mean?

business logistics meaning in Law Dictionary

the entire process of preparation, applying, and controlling the effective, efficient circulation and storage of products, solutions, and associated information from point of source to the level of consumption for the purpose of complying to consumer demands.

business logistics meaning in Business Dictionary

Coordination of projected requirement, procurement, real activity, and storage space of components, components, raw materials, and semi-finished and finished products, to reach maximum demand-service level at minimal price. It offers both inbound and outbound moves, and it is a larger idea than circulation management which does not include tasks such as for example forecasting and procurement.