nventory management aims to minimize inventory holding costs while ensuring adequate stock levels to meet customer demand and production requirements. Techniques such as just-in-time (JIT), economic order quantity (EOQ), and ABC analysis are commonly used to optimize inventory levels and reduce carrying costs.

Logistics involves the movement and storage of goods from suppliers to production facilities, warehouses, distribution centers, and ultimately to customers. Efficient transportation and distribution networks are essential for minimizing lead times, reducing transportation costs, and maximizing customer service levels.

Warehousing plays a critical role in storing, sorting, and consolidating goods before distribution. Distribution centers are strategically located facilities used for receiving, storing, and shipping products to customers. Optimizing warehouse layout, picking processes, and inventory storage can improve operational efficiency and reduce order fulfillment times.