_____ involves managing procurement, distribution, maintenance, and replacement of goods and services.
A) Expediting
B) Benchmarking
C) Logistics
D) Solicitation
E) Physical distribution management

Question

Quizplus · Accepted Answer

Logistics refers to the management of the flow of goods and services from procurement to distribution, including maintenance and replacement of such goods and services. Expediting refers to the process of accelerating the pace of a project or task. Benchmarking involves comparing performance metrics with industry standards. Solicitation refers to the process of requesting bids or proposals from suppliers. Physical distribution management involves managing the movement of goods from the warehouse to the customer.

_____ Involves Managing Procurement, Distribution, Maintenance, and Replacement of Goods