_____ includes managing the movement of raw materials and parts from their sources to production sites,managing the movement of materials,semi-finished,and finished products within and among plants,warehouses,and distribution centers,as well as the planning and coordinating of the physical distribution of finished goods to intermediaries and final buyers.

Question

Quizplus · Accepted Answer

Logistics encompasses the management of the movement of materials and products throughout the entire supply chain, from raw materials to finished goods. This includes transportation, warehousing, inventory management, and distribution planning. Disintermediation refers to the elimination of intermediaries in the supply chain, materials handling refers specifically to the physical movement and storage of materials, intermodal transportation involves using multiple modes of transportation to move goods, and contract logistics involves outsourcing logistics services to a third-party provider.

_____ Includes Managing the Movement of Raw Materials and Parts