Question

Question:Used to describe functions related to the flow of material in a supply chain.

Short answer

Answer

Logistics describes the functions related to the flow of material in a supply chain.

Step-by-step solution

Step-by-Step Solution Step 1: About logistics

Logistics refers to the project of the overall management of the inventory and the finished goods and their storage as well as their on-time delivery. Logisticsis the flow of material from one place to another mainly from the manufacturers to the consumers.

Types of logistics

There are two typesof logistics:

1. Inbound Logistics,
2. Outbound Logistics.

Inbound logistics: Inbound logisticsrefers to the process in which the materials are taken inside the company from an outside source.

Outbound logistics:The process in which the materials are delivered outside the company to the consumers is consideredoutbound logistics.