COST ACCOUNTING
INVENTORY AND PRODUCTION MANAGEMENT
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Moving materials into the organization from supplier
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Logistics
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Supply Chain
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Inbound Logistics
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Outbound Logistics
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Explanation:
Detailed explanation-1: -Inbound logistics is the way materials and other goods are brought into a company. This process includes the steps to order, receive, store, transport and manage incoming supplies. Inbound logistics focuses on the supply part of the supply-demand equation.
Detailed explanation-2: -Inbound logistics refers to the transportation, the storage and the receiving of goods into a business. It relates to goods procurement for office use or for the production unit. In a manufacturing company, the production unit purchases raw materials or components from its suppliers for the production of other goods.
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