Logistics and Supply Chain (LSC)

Logistics and Supply Chain (LSC) refers to the management of how goods and services are delivered from their source to the consumer. It involves various processes, including sourcing raw materials, manufacturing, transportation, warehousing, and distribution. Logistics focuses on the efficient movement and storage of these products, while the supply chain encompasses the entire network of organizations, people, and activities involved in creating and delivering a product. Effective LSC ensures that products are available when and where they are needed, while optimizing costs and resources. It plays a crucial role in satisfying customer demands and enhancing overall business performance.