Logistics is a narrower concept than inventory management.

Question

Quizplus · Accepted Answer

Logistics refers to the overall management of the flow of goods from the point of origin to the point of consumption, including transportation, storage, and distribution. Inventory management, on the other hand, specifically refers to the control of inventory levels and stock movements within a company or organization. Therefore, inventory management is a subset of logistics and not the other way around.

Logistics Is a Narrower Concept Than Inventory Management