ENTREPRENEURIAL OPERATIONS
INVENTORY MANAGEMENT
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Physical Distribution Management
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Logistics Mangement
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Supply Chain Management
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Material Management
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Detailed explanation-1: -Physical distribution management is a general term for the activities that deliver finished goods to customers, including outward transport. It is often aligned with marketing and forms an important link with downstream activities.
Detailed explanation-2: -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-3: -Physical distribution involves the handling and moving of raw materials and finished products from producer to consumer often via an intermediary. It is sometimes used synonymously with logistics (the branch of military science concerned with procuring, maintaining and transporting equipment and facilities etc.).
Detailed explanation-4: -Transportation is the most critical function of physical distribution. It involves moving products from production to warehouse to end user. Transportation ensures products are delivered to the correct destination at the right time.