ENTREPRENEURIAL OPERATIONS
SUPPLY CHAIN MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The procurement of materials from the supplier to the manufacturer is known as:
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Inbound logistics
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Outbound logistics
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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 manufacturing company, the production unit purchases raw materials or components from its suppliers for the production of other goods. In summary, the process of bringing in purchased goods into the company is known as inbound logistics.
Detailed explanation-2: -Inbound delivery is different from outbound delivery. Inbound delivery refers to manufacturers or suppliers delivering raw materials, supplies, or other goods to the business that ordered them (and that will later sell them to end customers).
Detailed explanation-3: -Procurement logistics is the flow of goods when the raw materials and parts necessary for manufacturing are procured from suppliers.
There is 1 question to complete.