Logistics is an important part of the business economic system and is a major global economic activity. It is concerned with getting the products and services where they are needed and when they are desired. It involves the integration of information, transportation, inventory, warehousing, material handling, and packaging. The operating responsibility of logistics is the geographical repositioning of raw materials, work in process, and finished inventories where required at the lowest cost possible. It is difficult to accomplish any marketing or manufacturing without logistical support. Worldwide, logistics market constitutes about $2 trillion a year.
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