Multiple Choice QuestionWhat is an accurate description of logistics management?Multiple choice question.It refers exclusively to the physical transport of goods and materials.It also includes the process of quickly and accurately sharing information.It is typically only used in the service industry.It encompasses pricing and marketing of products.
Question
Multiple Choice QuestionWhat is an accurate description of logistics management?Multiple choice question.It refers exclusively to the physical transport of goods and materials.It also includes the process of quickly and accurately sharing information.It is typically only used in the service industry.It encompasses pricing and marketing of products.
Solution
The accurate description of logistics management is: "It also includes the process of quickly and accurately sharing information."
Logistics management is a part of supply chain management; it plans, implements and controls the efficient, effective forward and reverse flow and storage of goods, services and related information between the point of origin and the point of consumption in order to meet customer's requirements. This can include transportation, shipping, warehousing, packaging, disposal and tracking of goods.
Similar Questions
Multiple Choice QuestionThe area of logistics that manages the flow of finished products and information to business buyers and ultimate consumers is:Multiple choice question.materials handlinginbound logisticsoutbound logisticsreverse logistics
Multiple Choice QuestionA specialized area of management that oversees the process of transforming resources into goods and services is called ______.Multiple choice question.inventory managementmarketing managementfinancial managementoperations management
Multiple Choice QuestionA manufacturing business must take resources and transform them into goods and services. The development and administration of the activities involved in this process is referred to as ______.Multiple choice question.inventory managementoperations managementmarketing managementsupply chain management
Multiple Choice QuestionAll raw materials, components, completed or partially completed products, and pieces of equipment a firm uses is the definition of ______.Multiple choice question.logisticstransformationdistributioninventory
The goal of logistics is to manage the physical flow of materials and information from points of origin to points of consumption:Multiple choice question.fulfilling all customer needsmeeting customer requirements at a profitmeeting customer requirementsmeeting company profit goals
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.