ECONOMICS

Detailed explanation-1: -Inbound logistics is the way materials and other goods are brought into a company. This process includes the steps to order, receive, store, transport and manage incoming supplies. Inbound logistics focuses on the supply part of the supply-demand equation.

Detailed explanation-2: -Inbound logistics refers to the transportation, the storage and the receiving of goods into a business. It relates to goods procurement for office use or for the production unit. In a manufacturing company, the production unit purchases raw materials or components from its suppliers for the production of other goods.