Activities that focus on getting the right amount of the right products to the right place at the right time at the lowest possible cost are referred to as

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Logistics refers to the planning, coordination, and execution of activities involved in the movement and storage of goods and materials from the point of origin to the point of consumption. This includes transportation, inventory management, warehousing, and related activities, all of which are focused on getting the right amount of the right products to the right place at the right time at the lowest possible cost. While related activities such as distribution and warehousing are important components of logistics, the term logistics encompasses a broader range of activities and functions. Vertical integration refers to a company's ownership of its supply chain, while direct selling refers to the sale of products or services directly to consumers without the use of intermediaries.

Activities That Focus on Getting the Right Amount of the Right