Which of the following defines logistics?
A) An approach to inventory that seeks to eliminate excess waste and reduce inventory to a minimal level.
B) A computerized inventory control system that schedules the production of goods and takes into consideration the available and the required inventory.
C) The active management of the distribution of materials throughout a system.
D) A series of techniques designed to eliminate waste from manufacturing and service processes and provide greater customer value.
E) A service approach that hopes to build a long-term and sustainable relationship with customers that has value for both the customer and the company.
Correct Answer:
Verified
Q40: The operations element of a supply chain
Q41: Which of the following defines materials requirement
Q42: Which of the following elements of supply
Q43: The integration element of a supply chain
Q44: Fourth-party logistics providers offer services that:
A) synthesize
Q46: Cash-to-cash cycle time refers to:
A) the amount
Q47: A win-win game is a game:
A) in
Q48: Total supply chain costs refer to:
A) all
Q49: Which of the following defines CRM?
A) An
Q50: Second-party logistics providers consist of those businesses
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