which term best describes Logistics management: a. Looks at the material flow process as a complete system, from initial need for materials to delivery of a finished product or service to the customer b.Focuses on minimizing costs and lead times across tiers in the supply chain to the benefit of the final customer c.Focuses on long-term supplier relationships and commodity plans with the objectives of identifying opportunities in areas such as cost reductions, new technology advancements, and supply market trends d.Ensures that every step in the supply process adds value, that inventories are kept at a minimum level, and that distances and delays between process steps are kept as short as possible e.Refers to the integration of supply-related functions to provide effective and efficient materials and services to the organization
which term best describes Logistics management: a. Looks at the material flow process as a complete system, from initial need for materials to delivery of a finished product or service to the customer b.Focuses on minimizing costs and lead times across tiers in the supply chain to the benefit of the final customer c.Focuses on long-term supplier relationships and commodity plans with the objectives of identifying opportunities in areas such as cost reductions, new technology advancements, and supply market trends d.Ensures that every step in the supply process adds value, that inventories are kept at a minimum level, and that distances and delays between process steps are kept as short as possible e.Refers to the integration of supply-related functions to provide effective and efficient materials and services to the organization
Principles Of Marketing
17th Edition
ISBN:9780134492513
Author:Kotler, Philip, Armstrong, Gary (gary M.)
Publisher:Kotler, Philip, Armstrong, Gary (gary M.)
Chapter1: Marketing: Creating Customer Value And Engagement
Section: Chapter Questions
Problem 1.1DQ
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4.3. which term best describes Logistics management:
| a. Looks at the material flow process as a complete system, from initial need for materials to delivery of a finished product or service to the customer b.Focuses on minimizing costs and lead times across tiers in the supply chain to the benefit of the final customer c.Focuses on long-term supplier relationships and commodity plans with the objectives of identifying opportunities in areas such as cost reductions, new technology advancements, and supply market trends d.Ensures that every step in the supply process adds value, that inventories are kept at a minimum level, and that distances and delays between process steps are kept as short as possible e.Refers to the integration of supply-related functions to provide effective and efficient materials and services to the organization |
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