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 logistics involves the efficient flow and storage of materials between the point of ____ and the point of ____
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Origin, consumption
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Consumption, origin
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -In a general business sense, logistics is the management of the flow of things between the point of origin and the point of consumption in order to meet requirements of customers or corporations.
Detailed explanation-2: -Logistics is a subset of supply chain management and focuses on the physical movement of goods from one place to another. It involves the planning, implementation, and control of the efficient flow of goods and services from the supplier to the customer.
There is 1 question to complete.