There are several key components of logistics, including:
Transportation: This involves the physical movement of goods from one location to another. It can be done through various modes such as road, rail, air, and sea. Warehousing: This involves the storage of goods until they are needed. Proper warehousing ensures that products are stored safely and can be retrieved quickly when needed. Inventory Management: This involves tracking and managing the stock levels of goods. It helps businesses to ensure that they have the right amount of stock at the right time. Order Fulfillment: This involves processing customer orders and delivering the products to them. It includes activities such as picking, packing, and shipping.