Logistics management refers to
A) the practice of organizing the cost-effective flow of raw materials,in-process inventory,finished goods,and related information from point of origin to point of consumption to satisfy customer requirements.
B) the integration and organization of information and logistics activities across firms in a supply chain for the purpose of creating and delivering products and services that provide value to ultimate consumers.
C) the integration and organization of information and logistical activities that actively brings consumers together with sellers through the express use of agents and brokers.
D) systems that are designed to reduce a retailer's lead time for receiving merchandise,which then lowers a retailer's inventory investment,improves customer service levels,and reduces logistics expense.
E) proprietary computer and telecommunication technologies to exchange electronic invoices,payments,and information among suppliers,manufacturers,wholesalers,and retailers.
Correct Answer:
Verified
Q207: The practice of organizing the cost-effective flow
Q220: Logistics refers to
A) an inventory management system
Q221: The word flow as it relates to
Q222: The word cost-effective as it relates to
Q225: Customers currently link to Cisco's website to
Q229: Reductions in delivery times in both the
Q231: A firm needs to drive down logistics
Q236: Supply chain and logistics managers play a
Q267: An important feature of customer-driven supply chain
Q274: Johnson Controls can receive an order for
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents