Which of the following 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 process of managing the flow of goods from the origin to the point of consumption. It involves planning, implementing, and controlling the movement and storage of goods, and it includes activities such as transportation, inventory management, warehousing, and packaging. Contract logistics refers to the outsourcing of logistics activities to a third-party provider, disintermediation refers to the elimination of intermediaries in a supply chain, and channel facilitation refers to the processes involved in making products available to customers through various channels.

Which of the Following Describes the Process of Strategically Managing