ENTREPRENEURIAL OPERATIONS
SUPPLY CHAIN MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Supply Chain Management
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Logistics Management
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Either A or B
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None of the above
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Detailed explanation-1: -Logistics Management is an approach that seeks efficiency of operations through the integration of all material acquisition, movement and storage activities.
Detailed explanation-2: -Lean management is an approach to managing an organization that supports the concept of continuous improvement, a long-term approach to work that systematically seeks to achieve small, incremental changes in processes to improve efficiency and quality.
Detailed explanation-3: -Logistics management is that part of supply chain management that plans, implements, and controls the efficient, effective forward and reverses flow and storage of goods, services and related information between the point of origin and the point of consumption in order to meet customers’ requirements.