ENTREPRENEURIAL OPERATIONS
SUPPLY CHAIN MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The transportation, storage and distribution of supplies
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The process of ensuring that supplies are ordered in the correct amount at the right time
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The distribution of supplies to the end customer only
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None of the above
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Detailed explanation-1: -Logistics is the process of planning and executing the efficient transportation and storage of goods from the point of origin to the point of consumption. The goal of logistics is to meet customer requirements in a timely, cost-effective manner.
Detailed explanation-2: -Logistics is the process of planning and controlling procedures for the efficient and effective transportation and storage of goods. This includes the services and related information, from the point of origin to the point of consumption, for the purpose of conforming to customer requirements.
Detailed explanation-3: -Logistics is an aspect of the supply chain that stores or delivers finished goods or services to the customer, whether that’s a manufacturer, distributor or consumer. The goal of logistics is to get goods and services to the customer on time and at a competitive price.
Detailed explanation-4: -Logistics refers to the receipt, production, and distribution of goods and materials in the customer-requested amounts to its final destination. It is also the strategy that determines how your company stores products in its warehouse, tracks orders, and delivers products to its customers.