Which term describes the process of strategically managing the efficient flow and storage of raw materials, in-process inventory, and finished goods from point of origin to point of consumption?

Question

Quizplus · Accepted Answer

Logistics is the term that describes the process of strategically managing the efficient flow and storage of raw materials, in-process inventory, and finished goods from point of origin to point of consumption. Contract logistics refers to outsourcing logistics activities to a third-party provider. Disintermediation is the process of eliminating intermediaries in a supply chain, and channel facilitation refers to activities that help ensure products flow smoothly through a distribution channel.

Which Term Describes the Process of Strategically Managing the Efficient