What is the process of strategically managing the efficient flow and storage of raw materials, inventory, and finished goods from the point of origin to the point of consumption?
A) inventory control
B) logistics
C) just-in-time
D) sourcing coordination

Question

Quizplus · Accepted Answer

Logistics refers to the process of planning, implementing, and controlling the efficient flow and storage of raw materials, inventory, and finished goods from the point of origin to the point of consumption. It involves coordinating and integrating a range of activities including transportation, warehousing, and inventory management to ensure that products are delivered to customers in a timely and cost-effective manner. Inventory control, just-in-time, and sourcing coordination are all important components of logistics, but they are not the overarching concept that encompasses all of these activities.

What Is the Process of Strategically Managing the Efficient Flow