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Logistics refers to the process of planning, implementing, and controlling the efficient flow and storage of goods, services, and related information from the point of origin to the point of consumption in order to satisfy customer requirements. It encompasses activities such as transportation, warehousing, inventory management, material handling, packaging, order processing, and information management. Effective logistics ensures that the right product reaches the right place, at the right time, in the right quantity, and ____ ___ ___ ______ _________ ___ _________ __________ _____.
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