ECONOMICS

COST ACCOUNTING

INVENTORY AND PRODUCTION MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
General term for the activities that deliver finished goods to customers
A
Physical Distribution Management
B
Logistics Mangement
C
Supply Chain Management
D
Material Management
Explanation: 

Detailed explanation-1: -Physical distribution (P.D) is the set of activities concerned with efficient movement of finished goods from the end of the production operation to the consumer.

Detailed explanation-2: -In ecommerce, physical distribution involves several ecommerce supply chain activities including warehousing, inventory control, order processing, retail fulfillment, and shipping.

Detailed explanation-3: -the management and control of the activities involved in the storage, handling and movement of goods within an organisation and in their shipment to customers.

Detailed explanation-4: -Customer service in physical distribution function consists of providing products at the time and location corresponding to the customer needs. Improvement in customer service is possible when we talk of a service level. A customer service level is a measure of how well the customer service function is being performed.

Detailed explanation-5: -Transportation: Transportation is a very essential component of physical distribution which plays a crucial role in movement of the stored goods from warehouse to the customers.

There is 1 question to complete.