Final answer:
Logistics is a business concept focused on the coordination of material and information flow within a company's facilities and through its supply chain to meet customer requirements and support an effective distribution network.
Step-by-step explanation:
The concept of logistics refers to the detailed coordination and implementation of complex operations, which can include the movement and storage of materials, inventory, and information both within a company's facilities and throughout its supply chain. Logistics encompasses a broad range of processes vital to the success of businesses and economies, such as planning, implementing, and controlling the efficient, effective flow, and storage of goods, services, and related information from the point of origin to the point of consumption.
The goal is to meet customer requirements and ensure an effective distribution network. In the context of natural resources, logistics plays a critical role in determining the pattern of movement of products, money, and people by managing how resources are created, distributed, and handled.