Cycle of Logistics
A logistics is generally the detailed organization and implementation of a complex operation. In a general business sense, logistics is the management of the flow of things between the point of origin and the point of consumption to meet the requirements of customers or corporations. As the logistics cycle illustrates, there are majorly four parts: product selection, service customers, inventory management, and quantification or procurement. Quality monitoring happens at every step to make sure that the data flow occurs without any mistake. As the image suggests, serving customers shows how each person who works in logistics must remember that he selects, procures, stores, and distributes products to meet customer needs. At the same time, the selected products show how the product selection may be the responsibility of a national formulary and therapeutics committee.
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